How Commuter Benefits Can Strengthen Your Business
Los Angeles Metro
Metro plans, builds and operates transportation for the people of Los Angeles.
Organizations today face significant challenges in attracting and retaining top talent. Employees expect innovative benefits that make their roles fulfilling long-term.?
One area where forward-thinking companies can stand out in a crowded talent marketplace is commuter benefits. These transportation-related benefits are a powerhouse when it comes to increasing employee satisfaction and productivity while cutting costs for the business.??
Read on to explore the benefits of commuter benefits and how you can integrate them into your recruitment and retention strategies.?
Attract quality talent with commuter benefits??
In today’s competitive job market, offering unique benefits helps you stand out as an employer of choice. Employees prioritize work-life balance, and their daily commute plays a major role in how they view their overall work experience.??
85% of employees consider benefits like transportation subsidies when choosing a job.?
Mobility perks, such as public transit passes or ride-sharing options, are high-value incentives that appeal to top talent. Long, stressful commutes are unappealing to potential employees and may deter qualified candidates from applying. Commuter benefits are a valuable perk that send a message to candidates about how you will contribute to their work-life balance and overall well-being.??
Values alignment?
Employees also seek out employers whose values align with their own. Key issues like sustainability and equity matter to potential employees. Touting your commuter benefits as part of larger sustainability and equity initiatives can signal to potential candidates looking for employers who contribute to these initiatives.?
64% of millennials won’t take a job if a potential employer doesn’t have strong social responsibility practices
Increasing accessibility, and your talent pool?
And they’re not just for 9-5 employees. Commute benefits can put more jobs within reach of hourly candidates who may not have reliable access to a car or other forms of personal transportation or are concerned about the cost of gas and parking. By reducing the stress and costs associated with the commutes of hourly workers you can increase your potential candidate pool.?
?How commuter benefits help recruit talent:?
Explore Metro’s commuter benefits programs and find the program that’s right for you.??
Retain top talent with commuter benefits.??
One of the most significant factors contributing to employee dissatisfaction is a stressful commute. Commuter benefits can help improve the commute experience for your employees and boost both performance and satisfaction at work.?
Reducing transportation costs.?
Commuting is expensive. For many employees, fuel costs, parking fees, and vehicle maintenance add up quickly. Mobility benefits like subsidized public transportation passes or ride-sharing options can significantly reduce financial burdens for employees. This is a tangible benefit that contributes to overall compensation.??
Low-income households spend about 30% of income on transportation.
Reliable travel options?
Removing variables like car maintenance, shared vehicle availability, and traffic can have a direct impact on employee attendance and productivity, contributing to fewer tardies, and reduced absenteeism. More of your employees showing up to work on time is a great boost to productivity.?
Traffic is stressful?
These services also remove stressors, like sitting in traffic and finding parking, from the equation, contributing to an overall sense of well-being for employees. Without having to worry about unreliable transportation or unexpected delays, employees arrive to work ready to contribute their best.???
How commuter benefits can retain talent:?
Explore Metro’s commuter benefits programs and find the program that’s right for you.?
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Commuter benefits are a smart business decision?
While mobility perks are highly valued by employees, they also bring financial and reputational benefits to employers.?
Financial Benefits for Employers?
Mobility perks not only reduce recruitment and retention costs but also offer direct financial savings. By shifting employees away from parking-dependent commuting, businesses can save on the overhead associated with maintaining parking facilities. Additionally, providing transit subsidies can qualify businesses for tax incentives, further enhancing their bottom line.?
Corporate Responsibility and Sustainability?
Offering mobility perks also aligns with growing demands for environmental responsibility. Public transportation and ride-sharing options reduce the carbon footprint of employees, contributing to company sustainability goals and enhancing the brand’s reputation as a socially responsible business.?
How commuter benefits impact your business:?
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Ready to Elevate Your Employee Benefits???
Explore Metro’s employer mobility programs and find the best solution for your team. Whether you’re looking to provide transit passes, ride-sharing memberships, or other commuting options, we offer mobility perks tailored to meet the needs of you and your employees.??
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Deputy County Counsel, County of Los Angeles
1 周Would offering commuter benefits be a way to mitigate project VMT? If so, has Metro prepared any environmental analysis of the VMT reduction value?