Transit Benefits Will Boost Denver Employees’ Morale, Retention Rate
Today, employees aren’t just looking for a job that pays. They want a company that values their time and work-life balance. One simple benefit can decrease commute costs, increase their productivity, and show you care about their free time: an RTD EcoPass.
RTD’s EcoPass program works with your company, whether you want to completely cover an employee’s transit, pay for part of it, or allow them to pay with pre-tax dollars. Transit benefits can save you money, too! For the tax year 2024, you can receive a 50% tax credit on purchasing employee transit passes.
A reliable way to work
If you’re hoping to fill more desks at the office, a transit pass program can encourage employees to work in-person more often. Transit benefits could even reduce your turnover: in 2018, staffing company Robert Half found that 23% of workers have quit their jobs because of a bad commute. In the same survey, Denver appeared as one of the cities where commutes have worsened most since 2013. Don’t lose your workers to the road rage, especially when a transit benefit is cheaper than hiring!
By taking transit to work, your employees can regain more of their free time by reducing their commute and relaxing while on the train. With more time to themselves and less road stress, their productivity and job satisfaction will increase.
Hello, new recruits
By offering a transit pass program, companies show they care about their workers’ lives outside the office. It’s a great talking point for employers to present a modern, welcoming company culture—and it helps toward your environmental initiatives!
Encouraging the use of transit increases an employee’s connection to their neighborhood and shows that the employer is invested in their local area. A free or discounted transit pass also encourages your employees to explore for a better lunch spot or other fun spaces near the office, building rapport between teams and contributing to a vibrant office culture. Nothing says “you’ll love working here” like a group of smiling workers on their way back from a lunch trip.
Keep your benefits competitive
Top local employers like DaVita and the University of Denver already offer EcoPass to their employees. Denver was recently named the top metro area for pay growth, hiring rate, and new hire wages, and offering transit is the extra mile that counts toward recruitment. Help your company stand out from the crowd by offering a transit benefit.
In a city with hybrid taxis, recyclable cups at the basketball stadium, and the Waste No More ordinance requiring buildings and construction to offer recycling, it’s a given that your employees and recruits will care about their environment. Offering transit passes will show you match their concerns, marking your company as a conscious and connected employer.
Our team at Transportation Solutions is ready to share your RTD pass options and answer questions about the EcoPass program. Share your company’s info here to help us find the best benefits for you. Even if you’re not the main decision-maker at your place of employment, we can help get a conversation started.