Key Highlights
- Launch of commuter benefits for employers this open enrollment season.
- Features include tap-to-pay, flexible payment management, and micro mobility coverage.
- Aims to ease financial burdens of commuting, costing an average of $8,000 per year.
- Addresses the needs of 58% of employees who believe employers should cover commuting costs.
- Pre-tax benefit for public transit and parking expenses.
Source: Business Wire
Notable Quotes
- “Commuting has evolved and Lively built our product to meet commuters where they are now and provide a seamless, mobile-first experience.” – Alex Cyriac, Co-founder and CEO at Lively
- “As more employees return to the office, companies are under pressure to provide their employees a comprehensive benefits package that eases their financial stress and meets their daily needs. We’re proud that Lively’s commuter benefit offers employers a way to make their benefits stand out with highly flexible and sought-after perks.” – Shobin Uralil, co-founder and COO at Lively
SoHC's Take
Lively, Inc.’s new commuter benefits offering is a significant step forward in adapting to the evolving needs of the modern workforce. By incorporating flexible payment options and micro mobility coverage, Lively is not only addressing the financial burden of commuting but also enhancing employee satisfaction and retention. This innovative approach is likely to set a new standard in employer-sponsored benefits, making commuting more manageable and attractive for employees. As companies strive to create comprehensive benefits packages, Lively’s solution stands out by offering practical, mobile-first features that cater to the hybrid work environment.
