In Auckland, commuting is a significant stressor for many. Fareshare presents an innovative solution for employers looking to ease this burden while achieving broader corporate goals. By subsidizing a portion of employees’ public transport costs, companies can enhance staff welfare, reduce the demand for parking, and contribute to environmental sustainability.
Key Benefits:
- Employee Satisfaction: Offer a valuable benefit by reducing travel expenses.
- Reduced Parking Demand: Lessen the need for parking spaces around your business.
- Sustainability Targets: Contribute to reduced road congestion and lower emissions.
- Tax Advantages: Enjoy exemption from Fringe Benefit Tax with Fareshare.
How It Works: Employers can choose to subsidize 25%, 50%, or 75% of the travel costs on Auckland Transport services. This subsidy is applied directly to the employee’s AT HOP card, reducing the fare on eligible journeys. The employer pays the difference, billed monthly.
Cost Estimation: For example, a 50% subsidy for 100 employees travelling four days a week might cost around $106,720 annually, which breaks down to about $1,067 per employee per year.
Get Started: To learn more and receive a simple cost calculator, contact Fareshare@at.govt.nz .
Join other leading companies like Genesis Energy, who have successfully implemented and benefitted from Fareshare.
This post is tailored to highlight the practical and financial benefits of the Fareshare program, encouraging businesses to participate by showcasing the ease of integration and the immediate advantages for both the company and its employees.
