How to get the best value from your company car scheme
How can you attract key talent by improving the value of your company car offer by 50 per cent, without increasing your costs?
“How is that possible then?”, we hear you ask, and you could easily be forgiven for asking that question. To get an improved vehicle choice and attract key talent, then surely you need to increase your investment in your car fleet, right? Well, not exactly.
A competitive market
We all know that company cars are integral to competitive reward packages. As wider economic issues are making the demand for high quality talent ever more intense, offering an attractive company car benefit becomes even more essential. However, offering an exciting company car reward can be a very significant investment and the risk associated with doing it poorly are high.
So, the trick is to offer a competitive and attractive company car benefit, but without increasing your cost: getting a nice balance between your investment and employee perception.
This is a key challenge for fleet stakeholders: the need to constantly review and refine policy, contracts and agreements to produce company car benefit design that provides vehicle choice that belies the actual investment.
Achieving the right balance
The ebook, Reward Like a Heavyweight On a Middleweight Budget has been created to provide five practical steps to help you achieve stand-out company car reward, without increasing your cost. Find out about the most appropriate selection policies, see how clever negotiation can reduce cost and learn how to reduce your incidental spend.
It also shows you the actual savings that can be made and how you can improve the value of the car by 50 per cent without increasing your costs.
So you see, it is possible!
This article was provided by Fleetworx.
Read the next article
- Benefits Technology
- Business mobility
- Bonus & Pay Sponsored by 3R Strategy
- Company Cars
- Employee Engagement Sponsored by Aon Employee Benefits
- Employee Share Plans
- Financial Wellness Sponsored by Salary Finance
- Flexible Benefits
- Group Risk Insurance Sponsored by Aviva
- Health & Wellbeing Sponsored by Health Shield
- International Benefits
- Reward/benefits strategy
- Staff Motivation
- Tax Efficient Benefits
- Total Reward
- Voluntary Benefits
- Workplace Pensions Sponsored by NEST
- Future Predictions
- Workforce Demographics
- For SME employers Sponsored by Busy Bees Benefits
- Research reports
- REBA news round-up
- REBA professional members
- REBA news
- REBA training
Sign up for REBA Professional Membership and join our community
Professional Membership benefits include receiving the REBA regular email alert, gaining access to free research and free opportunities to attend specialist conferences.
Professional Membership is currently complimentary for qualifying reward and benefits practitioners.Join REBA today