Cycle To Work - Big Changes For 2015

11 Questions | Total Attempts: 52

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Cycle To Work - Big Changes For 2015

It's a big year for Salary Sacrifice at Reward Gateway with massive improvements being made to our payroll management system and huge changes to the employee service experience. It's important that you are confident on the knowledge learnt in the session and to ensure you understand some of the key principals so you are ready to let your client's know how they can optimise their Reward Gateway programme. This exam must be completed by everyone who attended the training session. There will also be a practical task which will be set by your managers.


Questions and Answers
  • 1. 
    Halfords can cater to the broadest range of employees and cyclists - Why can Halfords offer access to a wider choice of bike brands than any other scheme provider?
  • 2. 
    Why can Halfords offer access to certain bike brands no other scheme provider can?
  • 3. 
    What makes Halfords unique about how it sources bikes and how does this in turn impact on the savings to customers?
  • 4. 
    How many local independent bike shop partners does Halfords have?
  • 5. 
    In what 2 ways do Halfords offer ongoing value throughout the hire term?
  • 6. 
    Name Halfords new London based stores which are a key part of the change in their image.
  • 7. 
    How many Bike Brands does Halfords stock?
    • A. 

      All of them

    • B. 

      100's

    • C. 

      30 +

  • 8. 
     If an employee is on NMW what's the most they can expect topay for a bike?
    • A. 

      £24

    • B. 

      £125

    • C. 

      £19

    • D. 

      £50

  • 9. 
    Halfords don't charge employees to extend the hire ensuring employees savings through the scheme are not reduced in any way.This is in contrast to some other scheme providers who require a lump sum payment as a deposit when extending the hireThe typical cost for employees on a bike originally costing over £500 is 7%. 
    • A. 

      True

    • B. 

      False

  • 10. 
    If an employee wants a bike for over £1000 they can pay the rest in cash or via a Net salary deduction.
    • A. 

      True

    • B. 

      False

  • 11. 
    Employee can get a bike for themselves and one for a partner via Cycle to Work.
    • A. 

      True

    • B. 

      False

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