Lyft, the carpooling service which lets you cut your cab fare to a minimum by sharing a ride with strangers, released a new useful service that would make employees happy. That is, if employers would subscribe to this service.

Lyft for Work Requires Lyft Credits

Lyft for Work is Lyft’s new service that allows companies to pay for the travel fare of employees to work-related events. This is the company’s own version of its competitor Uber for Business, which also lets employers give the same perk to employees.

When companies sign up for the service, Lyft will give them Lyft credits to be distributed to participating employees. The monthly Lyft credits will then be consumed when employees go to work-related events or external meetings. The company will shoulder the transit bill and Lyft will issue invoices to businesses for the used credits on a particular trip.

Lyft Practical Use Cases

During the beta test for Lyft for Work, some companies have signed up for the service so Lyft can gain feedback and work on improving the service before officially launching it. It’s then made known that every company has a different use case for the service.

Some companies set geographical preferences to limit the parameters of travelling employees such as making the Lyft credits only applicable when employees travel only to and from the office. They’ve also set up the credits for specific events like outdoor exhibits and holiday parties.

Lyft’s popular ridesharing service is also applicable when employees who have the same route can take the cab together to minimise credit expenses.

Lyft for Work Brought Along 29 Companies

The official launching of Lyft for Work started really well as it has brought along with it the 29 companies that have used the service. The companies include Adobe, Stripe, Yelp, Thumbtack, and a lot more. Currently, Lyft is popular in some areas, especially in San Francisco where startups hold offices.