EXTENDED Savings w/ Fleet

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Notes on Savings w/ Fleet
Notes on Savings w/ Fleet

ROI Calculator / Savings Report

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Employer Savings

Pre-tax Savings (Regulation)

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https://www.wageworks.com/transitchek/employers-benefit/#Calculator⁠

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https://www.benefitresource.com/blog/why-pre-tax-transit-benefits/⁠

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Savings on Compliance Fines (Regulation)

DC Law:

https://godcgo.com/dc-commuter-benefits-law-comply-or-be-fined/⁠

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T&E Expense Management Savings (Float/Brex)

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https://floatcard.com/roi-calculator⁠

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https://www.airbase.com/case-studies/affinity⁠

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https://www.airbase.com/products/reimbursements⁠

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Calculation

Annual corp card fees $475

SaaS savings switching out of expense management systems ~$450

Time Savings

Hiring transportation consultants / implementation fees

20k - 100k savings

Headcount savings for management overhead

0.5 operations person for interacting with each vendor on a monthly basis

60k/yr

0.5 transportation manager person answering emails and FAQ questions

85/yr

72.5k / yr for >500 employees

Recruiting & Retention Savings

“Employers see turnover drop by as much as 30% in the first year” - Alice Financial

Costs as much as 37% of a person’s annual salary to replace

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https://sparkbay.com/en/culture-blog/calculate-cost-turnover-3⁠

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1 in 4 employees leaves because of a bad commute

cost to replace = 100000*38% = 38k

0.25*38k (since 1 in 4 leaves) = 9.5k

saving 30% drop in churn, so you save 30% of that = 2850 min savings

Productivity gains

Time savings

According to the 2021

Urban Mobility Report⁠

, employees who commute by car experience an average 54 hours in commute delays annually. Research shows that successful TDM can reduce drive alone rates by 30-40%. So, if we look at the impact on 100 employees, 30 - 40 of them will save those 54 hours in commute delays. For employees making 100k annually, that translates to productivity savings of $2,769 per employee, or $110,764 for 40 employees (high). For employees making 70k annually, that translates to productivity savings of $1,817 per employee or $54,513 for 30 employees (low)

Decreased absenteeism

Research suggests that making commuting more manageable can reduce absenteeism by 15-20%. The Bureau of Labor Statistics estimates that the absence rate for full time and salary workers is 2.8% or 7.3 days a year. More manageable commutes could effectively reduce days missed to 5.85. For 100 employees making 100k a year, more manageable commuting could save employers $61,536 in absenteeism related productivity losses (high). For 100 employees making $70k a year, that total would be $40,380 (low).

Healthier employees

new report⁠

from the Integrated Benefits Institute (IBI), a nonprofit health and productivity research organization, concludes that illness-related lost productivity costs employers an additional 60 cents for every dollar they spend on healthcare benefits. The CDC reports that active commuting is associated with a reduced risk of several chronic diseases, and there is a robust body of research demonstrating better health outcomes, particularly cardiovascular health, for employees who take active commutes. Additionally, research shows that employees who drive to work experience higher levels of commute stress as well as higher blood pressure than their colleagues who commute by bike or walking. Improving health outcomes through active commuting has the potential to significantly reduce illness-related lost productivity costs to employers.

Employers pay an average of $6,200 in healthcare costs per employee annually. Using the figure from IBI, employers face an additional $3,720 in illness-related loss productivity costs, per employee, per year.

Dora C.

A different route to health: implications of transport policies.⁠

BMJ 1999;318(7199):1686-9.

Oja P, Vuori I, Paronen O.

Daily walking and cycling to work: their utility as health-enhancing physical activity.⁠

Patient Educ Couns 1998;33(1 Suppl):S87-94.

Tudor-Locke C, Ainsworth BE, Popkin BM.

Active commuting to school: an overlooked source of childrens’ physical activity?⁠

Sports Med 2001;31(5):309-13.

Wener RE, Evans GW. A morning stroll: levels of physical activity in car and mass transit commuting. Environ Behav 2007;39(1):62-74.

Lee IM, Manson JE, Paffenbarger RS Jr, editors. Epidemiologic methods in physical activity studies. New York (NY): Oxford University Press; 2009.

Gordon-Larsen P, Boone-Heinonen J, Sidney S, Sternfeld B, Jacobs DR Jr, Lewis CE.

Active commuting and cardiovascular disease risk: the CARDIA study.⁠

Arch Intern Med 2009;169(13):1216-23.

Healthier, happier employees

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http://mis.sem.tsinghua.edu.cn/ueditor/jsp/upload/file/20190823/1566526561233096499.pdf⁠

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https://hbswk.hbs.edu/item/commuting-kills-productivity-and-your-best-talent-suffers-most⁠

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Time lost: By 2017, a single commuter sat in traffic, on average, for an extra 54 hours a year. Employees spend 60% of the time they save commuting performing work.

The last way your employees’ commute may be costing you is through lost productivity. Research from the

Urban Mobility Report⁠

indicates that commuting costs America $90 billion dollars per year in lost productivity.

Furthermore, if an employee becomes disengaged in their work, this costs your business

34% of their salary⁠

, and

Environmental / Sustainability Savings

Tracking, automation, reporting

Time Savings

HR, Energy/Facilities teams

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3600

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~16x5x45/hr... a week of work, every 6 months

Cost

Survey software, collate and extrapolate data, hire analysts

20k per survey

Discounted carbon offset savings

ClimeCo, Earthup partnership gets us $5/ton (avg rate is $8/ton) = $3/ton savings

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https://native.eco/for-individuals/calculators/⁠

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Driving by Car, commuting in bay area, 5 round trips a week

Cost to Offset: $110.85

Tonnes of Carbon: 7.15

Avg cost: $15.5 per tonne

Fleet cost: $5 per tonne

Savings: $10.5 per tonne

Dollar Savings: $75.1 per employee [110.85-(7.15*5)]

Lower end, $10 per ton

Compliance?

direct LEED reporting

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Employee Savings

Pre-tax Savings

transit: $270

parking: $270

max annual commuter account contributions (pre-tax spend): $

6480

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Avg. Employees save $700 annually

How the savings are calculated

How the savings are calculated

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@Annual Employee Pre-Tax Savings⁠

$1,555.00

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Annual Employee Pre-Tax Savings

$1,555.00

There are no rows in this table

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Commute spend savings

The corporate discounts we've secured range from 5-20% per trip via our Flex Mobility Cards.

On avg. workers spend between $2-$5k annually on commuting. These savings can really add up across a workforce. If just 100 employees commute using services with Fleet’s corporate pricing, they save up to $8.3k monthly and up to $100k annually.

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Using Revel as an example, Fleet automatically processes a 20% discount for all trips paid via our Flex Mobility Cards.

The regular pricing is $1 to unlock + $0.49/minute after. A 20 minute ride would normally cost $10.80.

Through Fleet, commuters receive 20%, so that same 20 minute ride would cost $8.64 – saving $2.16 per trip .

These savings can really add up across a workforce. If just 100 employees commute with this service through Fleet even for 10 days a month, they save over $4.3k monthly and over $52k annually.

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ROI Calculators

Pre Tax

Edenred:

https://commuterbenefits.com/employees/⁠

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Others

Nightfall.ai

Float

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Calculations

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https://docs.google.com/spreadsheets/d/16xcWDqSk_224eDiEMRLLJEhzMxedPDVXJ2jsrUBcHII/edit#gid=2022998014⁠

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Notes on Savings w/ FleetNotes on Savings w/ Fleet