All Company cars articles – Page 10
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Article51% offer a car salary sacrifice scheme to boost staff morale
Just over half (51%) of employer respondents who offer a car salary sacrifice scheme to staff provide the benefit to raise employee morale, according to research by finance organisation Maxxia.Its HR views on salary sacrifice car schemes report, which surveyed 100 HR professionals in UK-based organisations with at least 250 ...
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Case StudiesUniversity of Reading sees momentum grow around salary sacrifice car scheme
The University of Reading launched a salary sacrifice-based car leasing scheme called Mycar through Leasedrive (now combined with Zenith) back in June 2014.The scheme has been something of a slow burn in terms of growth, with currently around 20 to 25 members, but is nevertheless seen as an important part ...
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AnalysisWhat would a future without salary sacrifice car schemes look like?
Need to knowThe government has said it is considering limiting the range of benefits available through a salary sacrifice arrangement.While providers are confident car schemes will not end up in the firing line, it is possible alternative models may need to be looked at.These could include affinity, employee car ownership ...
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AnalysisInfographic: 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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ArticleHull College Group launches car salary sacrifice scheme
Hull College Group has launched a car salary sacrifice scheme for its 1,200 employees.The organisation has introduced the scheme as part of a wide-ranging employee benefits package, provided by BHSF Employee Benefits.The scheme, TCH Salsa, provided by TCH Leasing, was launched in May 2016 and is available to all employees.It ...
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ArticleEXCLUSIVE: Royal Mail Group receives 1,200 orders for car salary sacrifice scheme
Royal Mail Group has seen staff place 1,200 orders for cars after launching a salary sacrifice car scheme in March.It launched its My Drive scheme, which employees can take up at any time and is provided by Zenith, in conjunction with the launch of its flexible benefits plan, branded My ...
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ArticleKing’s College Hospital NHS Foundation Trust launches car salary sacrifice scheme
King’s College Hospital NHS Foundation Trust has introduced a car salary sacrifice scheme for its employees.The car scheme, which was launched in mid-June 2016, is available to over 9,800 eligible employees among the organisation's 13,000-strong workforce.The scheme, provided by Tusker, also offers staff maintenance support, insurance, breakdown cover, tyres and ...
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Article56% plan to review their company car policy
More than half (56%) of employer respondents plan to review their company car policy in the next year, according to research by Willis Towers Watson.Its 2016 Company car benefits survey, which surveyed 1,187 UK organisations, also found that 51% of respondents that offer company cars enable staff to opt for ...
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ArticleSTV launch car salary exchange scheme
STV has launched a new car salary sacrifice scheme for its 15,000 employees, with all new users of the scheme entered into a prize draw to win a satellite navigation system.The Scottish digital media organisation launched the initiative in February as part of their total engagement strategy, ensuring staff can ...
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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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Case StudiesTravis Perkins unifies its benefits offering
Travis Perkins, which employs approximately 30,000 people across the UK, operates according to its five core values, known as cornerstones: upholding family values, keeping people safe, working for its customers, being the best, and making decent returns. The latter does not merely refer to financial returns, but also to the ...
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ArticleUniversity of Lincoln introduces car salary sacrifice scheme
The University of Lincoln has launched a car salary sacrifice scheme for staff.The university, which employs 1,600 core members of staff, is introducing the scheme to further enhance its employee benefits offering.The car salary sacrifice scheme, which will sit alongside existing travel benefits, aims to support employees’ commutes to work ...
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Article40% rank health insurance in their top three employee benefits
Four in ten (40%) respondents rank health insurance among their top three most-valued employee benefits, compared to 37% in 2015, according to research by Willis PMI Group, part of Willis Towers Watson.Its survey of 1,197 UK employees also found that 32% place health screenings among their top three benefits, which ...
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ArticleEXCLUSIVE: JLT achieves 18% engagement rate with car salary sacrifice scheme
EXCLUSIVE: Jardine Lloyd Thompson (JLT) has seen 18% of eligible employees register interest in its car salary sacrifice scheme in the three months since it was launched.The insurance, reinsurance and employee benefits consultancy firm introduced the scheme, which is provided by Fleet Hire’s Car Salary Exchange, at the end of ...
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AnalysisThe 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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AnalysisHow 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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AnalysisHow 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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ArticleTravis Perkins launches car salary sacrifice scheme
Travis Perkins has introduced a car salary sacrifice scheme in order to enhance its employee benefits package.Since the scheme's launch in March 2016, over 180 orders have been received.The scheme, provided by Car Salary Exchange, gives employees access to a choice of 4,000 new cars. The cars ordered thus far ...
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ArticleBuyer's guide to car salary sacrifice schemes 2016
What are salary sacrifice company car schemes?Salary sacrifice car schemes have become a popular benefit, allowing employees to sacrifice a portion of their monthly salary in return for a new car.Employees benefit from having a safe, maintenance-free car, while employers go some way to demonstrating compliance with their duty-of-care requirements ...
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ArticleGovernment retains freeze on fuel duty
Budget 2016: Fuel duty is to remain frozen at 57.95p a litre for 2016-17.This is the sixth consecutive year that the government has retained the freeze on the rate of fuel duty.The continued freeze was announced by Chancellor George Osborne during his Budget 2016 speech today (16 March).Osborne said: “In ...