Employers not only have to consider the lengthening age range of their staff, but also the diversity of employees’ aspirations, expectations, lifestyles and the variety of situations they may find themselves in: factors that cut across generational divides. The diverse requirements and desires of staff can extend to their approach towards company cars, impacting the value they place on company car schemes as a benefit.
Fortunately, the variety of cars, products and financing models offered by the fleet industry has developed to cater for this choice. In an improving jobs market, such choice can help employers to recruit and retain top talent by offering a car scheme that appeals to a varied workforce.
In a roundtable discussion that brought together industry experts, the question was not what the advantages of company car schemes are, but whether employers and their staff are fully aware of these advantages, or indeed the potential risks surrounding compliance and regulations.
Many company car products comprise offerings that help to reduce the costs of running a car, such as maintenance and insurance, while arrangements such as salary sacrifice can provide savings on tax and National Insurance contributions.
With the support of providers, company car schemes can be tailored to control costs, align with corporate goals, address safety and duty of care issues, improve employee engagement and lower an organisation’s carbon footprint.
In line with this emphasis on the comprehensive communication of company car schemes, this special supplement, sponsored by Lex Autolease, touches on some notable industry trends, examines how schemes can meet the needs of a varied workforce, and looks at how employers can control costs and boost engagement.
Louise Fordham
Deputy Editor
