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Commuter benefits (24)

How to Use Pre-Tax Commuter Benefits for Lyft Shared?

Update May 26, 2023:
We would like to inform you of a recent decision made by Lyft and Uber, which is beyond our control. In April 2023, Lyft announced the discontinuation of their shared rides program called Lyft Shared. Additionally, Uber’s shared rides program, UberX Shared, currently does not support tax-free commuter benefits.
Do you use your pre-tax commuter benefits to get to work and back? If you do, we are sure you would be happy to know that you can use your pre-tax benefits for Lyft Shared rides. Lyft Shared makes it easy to share a ride with your coworkers or with other commuters headed your way. Read below to learn how to start ridesharing and save time and money!
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Retain employees with enhanced benefits

There’s not a day that goes by where you can’t log into Twitter or LinkedIn and see a new article about the hot trend in employee benefits or commuting.

What matters most is what trends stick around. Earlier this year, the Society for Human Resource Management published its 2018 Employee Benefits survey with HR professionals. It benchmarks the prevalence of 300-plus benefits over a five-year period. 

About 285,000 human resources professionals were asked what benefits they had offered, and what they planned to offer over the next year. The results were compared to previous surveys to see benefits are increasing, and which are on the decline. 

Here is a look at the survey’s results:

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3 ‘Work Perks’ Employees Say They Want Now

How many “work perks” do you offer your employees?
Work perks are often considered the fringe benefits that can go beyond employee health insurance and other traditional benefits. They are rapidly becoming popular with employees because they have a meaningful impact on their lives.
In 2018 survey of 600 small and midsize businesses, 68 percent said the work perks a company offers is just as important as traditional benefits.
Millennials and Generation Z workers are likely to favor work perks as well, and many employers have had to rethink employee benefits to attract and keep the best talent in the workforce.
The survey was conducted by HR software company Zenefits. In it, more than 70 percent of the people said they “strongly agree” or “somewhat agreed” that fringe benefits would be an important factor for them when they looked for future employment.
The fringe benefits, like commuter benefits, can be very beneficial to an employer. They may not cost as much as traditional benefits like health insurance. Companies that are savvy can use them to attract top talent without having to spend a significant amount of resources to administer them. If offered, they can make a smaller company’s benefits package competitive when compared to a larger company.
So what work perks do employees want? Here are 3 work perks gaining momentum with employees.

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Great Benefits that Companies Don't Usually Offer

A recent survey of 3,000 employees at small and medium businesses revealed “unconventional benefits” can go a long way in helping them be satisfied in the jobs.
Since it’s becoming harder and harder to keep employees in jobs, it’s forcing employers to look beyond traditional benefits like health and dental insurance, and start focusing on the unconventional.

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Should You Get Paid for Your Commute?

Where do you draw the line between work and your personal life? Do you hop on the bus or subway to head home for the day and log into your email? Is there a church and state “wall” between when you leave the office and enter the next day?
If you are working — even checking email on the commute home or reviewing a presentation over the weekend — should you be compensated for it?
As technology makes it easier than ever for us to work, these questions pose interesting debates across the world. The answers are not so clear, but it does shine the spotlight on the commute and how it has become an extension of the workday in many ways.

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3 Offers To Make Your Benefits Package More Attractive

The job market is smoking hot. Low unemployment, higher wages. Jobs open everywhere (it seems). Job candidates are so confident of their chances, they ghost interviews. With labor market conditions like this, attracting and retaining employees can be difficult.
The reality is people are looking for better opportunities. About 60 percent of Millennials switch jobs annually, according to Gallup. Nearly half of all non-Millennial workers are open to switching jobs, too.
With so much change and turnover in the job market today, it’s important to offer an attractive benefits package. While some perks like “Cadillac” health insurance are always attractive, you also need to ensure your package is as competitive as your competition.
When analyzing benefits packages, particularly against companies in your region, here are some key benefits that could make your offer more attractive than your competition.

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