All Company cars articles – Page 3
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ArticleIan Hodson: How do you encourage employees to use green commuting options?
More than ever, being able to demonstrate your values as an organisation is imperative not only to active employees but also to recruitment candidates looking for a match not only in respect of the role, but also the organisational culture. Encouraging employees to take greener travel options can be an ...
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ArticleCapita TVL staff accept pay deal
Credit: T. Schneider / Shutterstock.comField TV licensing workers employed by service provider Capita TVL have accepted a pay agreement, which will be paid out in this month’s pay roll.The deal, which applies to the firm’s 165 field staff, increases starting salaries on average by 9.5% from £23,680 to £30,000, provides ...
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ArticleAllianz introduces electric car salary sacrifice scheme
Insurance firm Allianz has introduced an electric car salary sacrifice scheme for its more than 8,000 UK employees.The scheme, which is provided by ElectriX, part of LV= General Insurance and CBVC Vehicle Management, is available to all employees. They can choose between electric and plug-in hybrid cars, while the cost ...
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Supplier articleARE YOUR FITNESS DISCOUNTS INCLUSIVE?
PHYSICAL WELLBEING SERIES: ARE YOUR FITNESS DISCOUNTS INCLUSIVE At Sodexo Engage, fitness discounts go beyond Corporate Gym Memberships and Cycle to Work Schemes since our Employee Discounts Platform gives your people fantastic savings with their favourite sports retailers, including Nike, Foot Locker, Adidas, Decathlon and Halfords. This ...
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AnalysisWhat does the modern company car scheme look like?
Modern company car schemes can offer a tax-efficient means to access new vehicles.A company car can be a useful attraction and retention tool for employers.Car salary sacrifice arrangements are popular with employees due to the low cost and access to low and zero-emission vehicles.The Covid-19 pandemic saw many employees work ...
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Case StudiesStephenson Harwood's electric company car scheme supports green goals
Stephenson Harwood offers its employees a car scheme that gives them the option to drive a brand new electric car of their choice through a salary sacrifice agreement, which, in turn, supports the law firm's commitment to reducing it's impact on the environment.The scheme, introduced in 2021, is open to ...
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Case StudiesThe benefits offered by XDesign
Benefits on offer at XDesign:Pension and group riskGroup personal pension (GPP) plan with salary sacrifice arrangement for all employees. Employer and employee contributions of 4%, matched up to 5%.Life insurance.Critical illness leave at full pay for the first six months, and half pay for the following six to nine months.Healthcare ...
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OpinionPaul Gilshan: Are employee benefits as important as salary?
Employee benefits are an important aspect of any job, but can be overlooked when thinking about changing roles. Depending on those on offer, benefits can be just as valuable as a pay rise, and in some cases, even more valuable.It is quite natural for us to focus on salary. After ...
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ArticleConfessions of a benefits manager: Candid cannot swerve company cars
I try to have as little to do with company cars as possible. That is because to get involved in cars is to be in the wrong, and I just hate that. You see in the US, company cars are a super special perk way beyond the reach of an ...
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Case StudiesBenefits on offer at Atradius
Pension and group riskTrust-based defined contribution pension with 12% employer, 3% employee minimum contributions.Additional voluntary contributions.Group income protection benefit that pays 75% up to state retirement age.Life assurance at 10-times salary.Healthcare and wellbeingPrivate medical insurance (PMI), subsidised for all employees. Employees pay £30 per month for individual cover and up ...
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ArticlePenderyn Distillery launches electric vehicle salary sacrifice scheme
Welsh whisky and spirits distillery Penderyn Distillery has introduced an electric vehicle salary sacrifice scheme for its workforce.The employer, which operates across two sites in the Brecon Beacons, appointed Edinburgh-based fleet management business Gofor to manage the scheme, designed to suit Penderyn’s specific objectives.Its goal was to make the switch ...
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ArticleSpring Budget 2023: Freeze on fuel duty for 12 months
Spring Budget 2023: The government has frozen fuel duty for another 12 months, according to Chancellor of the Exchequer Jeremy Hunt's speech to the House of Commons today (15 March 2023).Hunt told the Commons that he would extend the 5p per litre cut in duty on petrol and diesel and ...
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AnalysisBuyer’s guide to car salary sacrifice schemes
Car salary sacrifice arrangements remain a popular employee benefit; in its January 2023 Leasing Outlook, the British Vehicle Rental and Leasing Association (BVRLA) found a 20.5% year-on-year increase in company cars funded through salary sacrifice to quarter three in 2022.What are car salary sacrifice schemes?A car salary sacrifice scheme allows ...
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Case StudiesThe benefits offered by Wave
The benefits on offer at Wave:PensionA master trust pension scheme for all employees. Those aged 22 and over are auto enrolled, but it is open to all employees.Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer. Employees can contribute as much as ...
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OpinionPaul Gilshan: Salary sacrifice car schemes are a highly-valued benefit
With the current challenges for employers around the recruitment and retention of staff, and research showing that wage increases alone are not enough to combat these challenges, it is widely accepted that employers can instead focus on benefits packages that provide real-world benefits. Packages that employees genuinely value are what ...
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Case StudiesBenefits offered by Funding Circle
The benefits on offer at Funding Circle:PensionA group personal pension (GPP) plan for all employees once they have passed their probation, but they are able to opt-in. Matched employer contributions up to 5%.Healthcare and wellbeingPrivate medical insurance, employer paid for all employees at level one, including medical history disregarded. Employees ...
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ArticleDanny Morgan: Employers need to take a comprehensive approach to electric cars
The electric car ball is well and truly rolling.Fleets and businesses have been behind the initial spike in electric vehicle (EV) demand thanks to generous grants and tax incentives that meant a Tesla was more cost-effective than a BMW; the traditional darling of the company car scene.Now, though, EV sales ...
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Supplier article5 advantages of the Car Benefit scheme
The Car Benefit scheme is fast becoming one of the most popular employee benefit schemes available today.A salary sacrifice scheme, the Car Benefit scheme allows employees to drive a brand-new car, including electric vehicles and ULEVs, and pay through their salary making great savings in the process.The scheme provides one ...
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Case StudiesAnglian Water addresses environmental impact with electric car salary sacrifice
Utility firm Anglian Water has introduced a salary sacrifice arrangement for electric vehicles for its 5,000 employees.The scheme went live in early May and in the first six weeks around 20 orders have already been placed. Sally Purbrick, head of reward at Anglian Water, says: “We wanted to support our ...
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AnalysisAre car schemes still a valued employee benefit?
Need to know:Company car take-up has fallen in recent years as overall tax levels have risen.Electric cars benefit from lower rates and are now the focus for many employers.These are increasingly being offered via salary sacrifice rather than on a company-paid basis.For many years, the traditional company car scheme was ...