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Cyclescheme Part of the Access to Addenbrookes Travel Plan The process of choosing and implementing a salary sacrifice scheme.

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Presentation on theme: "Cyclescheme Part of the Access to Addenbrookes Travel Plan The process of choosing and implementing a salary sacrifice scheme."— Presentation transcript:

1 Cyclescheme Part of the Access to Addenbrookes Travel Plan The process of choosing and implementing a salary sacrifice scheme

2 Why Cyclescheme? Replacing interest free loan to buy a bicycle. Some shops offered discounts (as TfW discounts). A short survey - feedback was positive Greater opportunity for staff savings Registered shops cover most of Cambridge Staff still get discounts - not on Cyclescheme.

3 Cyclescheme Staff (2006) Pedal Cycle155825% Motor Cycle1903% Car (single occupancy)197431% Car (multiple occupancy)4607% Bus158025% Walk5779% Total6,339100%

4 Employee hires the bike for 12 months - can then buy it at fair market value (~5%) Employee chooses bike and receives quote Employee completes the request online Eligibility check via to payroll department Payment made on following payment run Cyclescheme vouchers sent on payment Voucher collected and agreement is signed (by supervisor and employee) Invoice sent by Cyclescheme fortnightly (Friday) received containing hire agreement Request is approved or declined online

5 Cyclescheme Admin time is minimal The online system is simple Payroll need to check eligibility and that deductions wont take below threshold *Absolute Maximum 15 minutes for administrator and around 10 minutes for payroll.

6 Cyclescheme Safety equipment included on the scheme Helmets Bells Lights, including dynamos Mirrors and mud guards Locks and chains Cycle clips, reflective equipment Panniers, luggage carriers Pumps, puncture repair kits

7 The Trust wants encourage healthy lifestyles for their staff, to increase; Health Morale Reduce impacts on the environment Achieve an appropriate level of Corporate Citizenship Why implement Cyclescheme?

8 The Trust is committed to reducing single occupancy car use to and from the site as part of the Access to Addenbrookes Travel Plan The Trust want to provide mechanisms to maintain the high number of cyclists we have coming to the site and also encourage more staff to start cycling Why implement Cyclescheme?

9 Cyclescheme Consultant x 4 Pharmacist Waste Collector Physiotherapy Assistant Staff Nurse x 2 Finance employees x 2 Receptionist Radiographer x 2 Switchboard Operator Clinical Scientist Specialist Registrar Recruitment Manager Sustainability Project Manager So far …Total = 19

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11 Future publicity Early spring – Timed with bike season and other schemes Intranet, posters, leaflets Information at corporate inductions Outdoor event - Including our cycle repair service -example bikes, equipment and quotes -Savings available


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