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27/02/2017
Trainline, the digital rail ‘platform’, has launched a new online solution for companies providing season tickets as an employee benefit. The solution is designed to save employers time, effort and money by taking the administrative burden out of managing this benefit.
Employees spend 10% of salary on annual season tickets on average, so providing season ticket loans is a stand-out benefit for many employers when it comes to competing for talent, according to Trainline. However, managing a season ticket loan scheme can be expensive and labour-intensive, involving significant paperwork and administrative overhead. The entire process is moved online by the new Trainline tool, removing the requirement for manual processing of paper forms, or queueing at rail stations.
The company claims the solution is up to 65% more efficient as employers can set up bespoke systems for approving ticket requests to ensure compliance with HR and benefits policies. Administration is also dramatically reduced through centralised invoicing, automated payroll calculations and online processing of changes and refunds.