Almost two-thirds (65%) of respondents do not receive a car or car allowance as part of their benefits package, either as a business or perk driver, according to the Employee Benefits Salary survey 2017, which surveyed a total of 249 respondents in November-December 2016.
More than a third (39%) of respondents in the Employee Benefits Salary survey 2009 received a car or car allowance as part of their reward package, revealing a slight drop in the proportion of HR and benefits professionals who do so today (35%).
Proportion of respondents who are provided with a car or car allowance as either a business driver or perk driver as part of their reward package
Sample: All respondents (234)
No: 65%
Yes, provided with a car allowance: 26%
Yes, provided with a company car: 9%
A car allowance is the most popular way in which respondents receive this benefit (26%), with 32% of this group offered an annual allowance in the region of £5,000-£5,999. Just 5% of respondents are provided with an allowance under £4,000, while 3% are given an allowance of more than £10,000 a year.
The annual value of respondents’ car allowances
Sample: All respondents that are provided with a car allowance (60)
£5,000-£5,999: 32%
£6,000-£6,999: 28%
£7,000-£7,999: 15%
£4,000-£4,999: 13%
Less than £4,000: 5%
£8,000-£9,999: 3%
£10,000 or more: 3%
Of the 9% of respondents who are provided with a company car, 41% value the vehicle at between £30,000 and £39,999. More than a quarter (27%) value their company car at £40,000 or over.
While 32% of respondents who have a company car value it in the range of £20,000-£29,999, no respondents value their company car at less than £20,000 at new price.
The approximate value of respondents’ company cars (at new price)
Sample: All respondents that are provided with a company car (22)
£30,000-£39,999: 41%
£40,000 or more: 27%
£20,000-£29,999: 32%
