Analysis – Page 2
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Analysis
Infographic: What car benefits do organisations offer?
An infographic looking at the car benefits offered by respondents' organisations and the basis on which they are offered (Source: Employee Benefits/Xerox HR Services' Benefit research 2016, published in June 2016).Read more in What would a future without salary sacrifice car schemes look like?
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Analysis
8-11: Benefits on offer
Salary sacrifice arrangementsMore than three-quarters (78%) of respondents offer benefits to all staff via a salary sacrifice arrangement, according to the Employee Benefits/Xerox HR Services Benefits research 2016, which surveyed a total of 338 respondents in May 2016. This is six percentage points lower than the 84% of respondents that ...
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Analysis
The evolving role of technology in company car schemes
Need to know:Telematics can enable a more proactive approach to car maintenance.Black-box telemetry could also be used to encourage good driver behaviour and capture mileage data, leading to cost savings.As technology continues to advance, employers will need to consider how they communicate and engage staff with telematics.As the technology used ...
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Analysis
How to reduce company car scheme costs and administration
Need to know:A joined-up approach to fleet, travel and expenses can identify potential cost savings and areas for policy optimisation.Focusing on mobility and total journey cost can help determine the most appropriate means of travel.Data connectivity between employers and providers can enhance efficiency and help to control costs.Company car schemes ...
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Analysis
How to engage staff with company car schemes
Need to know:Pre-launch communications can help build momentum around company car schemes.A comprehensive, sustained communications strategy can drive continued engagement with cars as a benefit.Tailored communications can ensure that all staff are aware of company car schemes and the value they can provide.Offering employees access to a car through their ...
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Analysis
What impact will retaining the diesel supplement have on company car schemes?
Need to knowThe delayed removal of the 3% diesel supplement on company car tax was announced in November 2015's Autumn Statement.On a fairly standard fleet car, employees face an additional benefit-in-kind tax liability of around £155 per annum, while employers face additional Class 1A national insurance contributions.For many high-mileage company ...
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Analysis
How to make company car schemes appealing to today’s workforce
Need to knowPutting choice and flexibility at the heart of a company car scheme can increase engagement with the benefit.Employers must be mindful of the varied requirements and priorities of its workforce.Relevant and comprehensive communication provides employees with a full understanding of company car schemes and can boost take up.As ...
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Analysis
48 - SG Fleet industry insight: turning car salary sacrifice on its head
When we speak to employers about car salary sacrifice schemes, the two main questions they typically ask are what if an employee leaves, and will there be a lot of administration? The answers depend on the scheme structure.There are two well-established ways to structure car salary sacrifice arrangements – novated ...
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Analysis
How can the fleet industry help employers to control fleet costs?
If you read nothing else, read this…Looking at whole life cost can provide a more complete picture of spend and cost savings.Bringing together data on fleet, travel and expenses from across an organisation can help an employer to identify and control costs.The fleet industry can offer employers insights and share ...
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Analysis
How can company car schemes meet the needs of a varied workforce?
If you read nothing else, read this…A vast range of cars are available through company car schemes to suit the various tastes, requirements and expectations of employees.Offering staff the choice they desire can enhance take-up and engagement, with company cars as a benefit.A scheme that appeals to all segments of ...
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Analysis
Fleet debate - 14: What are the key benefits of salary sacrifice car schemes for employers and staff?
If you read nothing else, read this…Salary sacrifice arrangements offer tax advantages and enable both employers and staff to save on National Insurance contributions.Many schemes include insurance and maintenance benefits, reducing the costs associated with running a car.Car salary sacrifice schemes can equip employees with newer, greener and safer cars.Colin ...
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Analysis
29, Exploring the myths behind company car schemes
If you read nothing else, read this…Common fears among employers include the perceived administrative burden or exposure to corporate risk through duty-of-care requirements.Employers can work closely with providers to understand the risks and costs involved in providing a scheme.Employers have a range of options of how to provide company cars.The ...
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Analysis
Top tips to keep company car tax low
If you read nothing else, read this…Choosing low-emission cars will keep tax bills low.Green cars can boost employees’ interest and reduce tax.Benefit-in-kind (BIK) tax is determined by the car’s list price and CO2 emissions.To keep costs low, employers must first do their homework about the costs associated with running a ...
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Analysis
What to include in a staff travel policy
If you read nothing else read this…A clear definition of what travel means for the business is needed before implementing a policy.Company cars remain the most popular travel benefit.Duty of care and awareness of legalities should be included.But employers must be careful about who they benchmark against.When employers are putting ...
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Analysis
How to manage employee-benefits-related risk
If you read nothing else, read this…Employee benefits, such as preventative healthcare programmes, can help to mitigate organisational risks such as sickness absence and workplace stress. But benefits can bring their own risks to an organisation around cost, health and safety and regulation.Employers must be aware of all the risks ...
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Analysis
Top tips for managing grey fleet
If you read nothing else, read this…Employers thinking about grey fleet need to consider the implications of breaching the Corporate Manslaughter and Corporate Homicide Act 2007.All organisations running company car schemes require a clear grey fleet policy.Employers can help to reduce their grey fleet risk by removing financial incentives, such ...
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Analysis
Do employee car ownership schemes still have a place?
If you read nothing else, read this…Ecos take the form of an agreement made between the employee and the leasing company.Demand for Ecos has reduced because of the popularity of salary sacrifice schemes.Eco schemes often still appear when organisations offer blended funding arrangements.Ecos could rise in popularity when new international ...
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Analysis
Top five tips for implementing car salary sacrifice
For employers that are thinking of implementing a car salary sacrifice scheme in their organisation, here are five top tips for getting it right.1 Be clear on your objectives This may sound simple, but many organisations move straight into the provider selection process without first being clear about their own ...
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Analysis
Buyer’s guide to salary sacrifice car schemes
The facts:What is a salary sacrifice car scheme? This is a car scheme in which an employee forgoes a portion of their gross salary in exchange for the use of a car for a period of time, and receives tax and national insurance breaks as a result.Where can employers get ...
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Analysis
What should a company car risk management strategy cover?
If you read nothing else, read this…Employers have a duty of care towards staff drivers. It is difficult for organisations to know when employees are driving for business. Checks, such as ensuring staff have a valid driving licence, are simple to make. Under the Corporate Manslaughter and Corporate Homicide Act ...