Why your business could benefit from a bike lending program

In today’s rapidly evolving business landscape, companies are increasingly looking for innovative ways to enhance recruitment and retention, improve sustainability efforts, and reduce operational costs. One such solution gaining popularity is the implementation of bike lending programs. These initiatives not only promote a healthier lifestyle but also contribute to a greener environment while offering tangible benefits to businesses and employees. Here’s how your business could greatly benefit from adopting a bike lending program:

1. Bikes encourage active transportation: A bike loan program can motivate employees to bike more by offering easy access to bikes, thereby overcoming significant barriers that deter new cyclists from starting. Additionally, providing equipment, repairs, maps, and support further facilitates their engagement and success in cycling. Cycling is a great form of exercise known to reduce stress and improve health. Employees who have less stress are happier, more productive, and take less sick days.

2. A bike loan program makes financial sense to both employees and the company. Employees can save a significant amount of money by switching from driving to work to bike commuting. If those employees associate their workplace with that savings because they had the opportunity to try a bike loan, this adds to a positive employer-employee relationship, which can help improve employee retention.

3. A bike loan program will be a positive addition to the workplace: Bike share programs enhance work environments by fostering positive engagement and camaraderie among cyclists. Employers also demonstrate leadership in supporting sustainability initiatives that benefit both employees and the environment.

To discover how WTA has achieved success with bike lending programs and explore how we can support transportation options for your business, reach out to us today!