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15 Jun 2018

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.

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