preview

Parking Cash Out Benefits

Satisfactory Essays

2.3.4Providing staff with a further benefit The employers provide benefits for those employees who have a car pool. The first benefit is through parking cash out. Parking cash out is an arrangement in which an employer offer employees cash in lieu of a parking space. Under parking cash out program, an employer gives workers a choice to keep a parking space at work, or to accept a cash payment and give up the parking space. Parking cash out programs are one of the most effective ways to encourage employees not to drive alone to work. Cash out programs are an effective ways of allocating scarce parking or managing a growing demand for more parking. Parking cash out programs benefit employees because they allow employees choose whether or not

Get Access