We provide free parking to employees. We have the space and we're not using it. There's no additional cost so in that sense it's free. How else should we expect employees who don't live near public transport to get here?Free parking isn't free. Someone or something has to pay to provide and manage the parking. If it is free, these are costs are spread across all users or employees of the facility, including those who don't drive or park, and those who can't afford to drive or park.
That's fine, you make the choice to provide that parking to your employees at no cost.We provide free parking to employees. We have the space and we're not using it. There's no additional cost so in that sense it's free. How else should we expect employees who don't live near public transport to get here?
We might make a few hundred Euro a week. Not worth the bother.That's fine, you make the choice to provide that parking to your employees at no cost.
If you had to create new parking spots from scratch, it would obviously be expensive.
In your case, maybe the land required, and construction of parking spots has already been paid for and is sunk cost, but if you decided to rent those spaces out instead of providing them at no cost to employees, you might get a significant income from it, so it ain't free..
It's an opportunity cost, could be in the region of €30-€70 per parking space, so it's not hard to get into a significant amount of money. Car park operators have to paint lines. They might have to fit CCTV or access control systems.We might make a few hundred Euro a week. Not worth the bother.
There's little or no net gain for the employer in this case. The extra insurance cost and the supervision cost outweigh the small net gain.It's an opportunity cost, could be in the region of €30-€70 per parking space, so it's not hard to get into a significant amount of money. Car park operators have to paint lines. They might have to fit CCTV or access control systems.
We have a use for it; it's an employee car park.But if the land itself is free and has no value, sure hand it over to me and I'll find a use for it.
We are located near train and bus routes and provide a locked bicycle shed. Those who cycle also avail of the bike to work scheme.Free parking is a subsidy to those employees who drive. How do you expect those employees who don't drive or don't have access to a car to get there?
I didn't ask about whether you had a use for it. I asked about whether there was any value in it.There's little or no net gain for the employer in this case. The extra insurance cost and the supervision cost outweigh the small net gain.
We have a use for it; it's an employee car park.
We are located near train and bus routes and provide a locked bicycle shed. Those who cycle also avail of the bike to work scheme.
Yes, it has a value as a staff car park. Happy staff work harder. If there is parking they are more likely to work here.I didn't ask about whether you had a use for it. I asked about whether there was any value in it.
Because most people can't avail of public transport. Thankfully they use their private property to drive to work and create income and wealth for the company.Sure with all those other connectivity options, why would you need to dedicate all that space to storage of their private property?
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