All Company cars articles – Page 3
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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 ...
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ArticleThe top 10 most-read articles between 17 June – 23 June 2022
The top 10 most-read stories on employeebenefits.co.uk between 17 June and 23 June 2022 were: Biffa awards refuse staff a minimum 24% pay riseFunding Circle introduces wellness allowance and enhances benefitsPremier Foods introduces modern working policiesRolls Royce awards staff £2,000 to help with cost of livingUber drivers strike over pay ...
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ArticleEXCLUSIVE: 9% of UK employers have amended fleet policy due to homeworking
Just 9% of UK employers have amended their fleet or mobility policy following the increase in homeworking, according to research by Arval Mobility Observatory.According to its 2022 Barometer report, which surveyed fleet decision makers in in Europe and the UK, 86% in the UK have not made a change to ...
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ArticleHSBC offers electric car leasing to 35,000 UK employees
Global banking organisation HSBC has launched a benefit enabling its 35,000 UK-based staff to lease a new all-electric vehicle through a salary sacrifice arrangement, with the option to buy at the end of the term.The business has implemented this benefit with a view to helping employees become more sustainable in ...
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ArticleUnum UK introduces electric vehicle salary sacrifice scheme
Employee benefits provider Unum UK has launched an electric vehicle (EV) salary sacrifice scheme for its 800-plus permanent employees, to coincide with Earth Day (22 April).The initiative, backed by the Octopus Electric Dreams Car Scheme, allows staff to choose from a wide range of EV models with no up-front payment ...
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Case StudiesThe benefits offered by London City Airport
The benefits offered by London City Airport:PensionDefined contribution pension scheme with salary sacrifice option. Employer contributions range from 4% to 10%, depending on length of service.Healthcare and wellbeingEmployer-paid private medical insurance (PMI) for all employees after five years' service. After 10 years, they receive family PMI cover. Any employee can ...
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ArticleStantec UK launches electric vehicle salary sacrifice scheme
Stantec UK, an international services provider to the design and consulting industry, has introduced a flexible salary sacrifice scheme to encourage employees to use electric and hybrid vehicles.The business, which has 20 offices in the UK and is a part of a global consultancy with 350 locations and 22,000 employees ...
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ArticleThe top 10 most-read articles between 18 February – 24 February 2022
The top 10 most-read stories on employeebenefits.co.uk between 18 February and 24 February 2022 were: How to make the case for electric company car schemesEXCLUSIVE: 80% rise in worker Covid death pay outsWhat is the key to happiness at work?K2 drives sustainability through electric vehicle schemeAccu to move to four-day ...
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Case StudiesK2 drives sustainability through electric vehicle scheme
With sustainability a key focus for employee relocation firm K2 Corporate Mobility, electric vehicles were an obvious area to explore when the business sought to add to its benefits package.Andrew Hayward, chief financial officer, who oversaw the project, says: “We wanted to do something that would support our employees financially ...
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OpinionProfessor Peter Wells: There’s never been a better time for employers to go electric
There has never been a better time for employers to encourage electric car ownership, or for employees to appreciate the benefits.There are major savings to be had for individuals, including with the plug-in car grant, benefit in kind, and salary sacrifice schemes, while several car manufacturers are offering to help ...
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AnalysisHow to make the case for electric company car schemes
Need to know: Businesses are under pressure to cut carbon emissions, and employee vehicles are an obvious target. Salary sacrifice schemes mean this can save companies money, and make electric vehicles affordable for staff. Subscription models mean firms are no longer tied into long leases should ...
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ArticleDF Capital introduces electric car salary sacrifice scheme
DF Capital has launched an electric vehicle salary sacrifice scheme for its 95 employees.The lending and personal savings bank said the initiative, run in partnership with Octopus Electric Vehicles, will make driving a new electric car more affordable for employees. Payments are made directly from gross salaries, creating savings on ...
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ArticleThe top 10 most-read articles between 3 December – 9 December 2021
The top 10 most-read stories on employeebenefits.co.uk between 3 December – 9 December 2021 were: Aviva launches electric vehicle salary sacrifice schemePoundstretcher gives staff 10% pay riseHC-One launches new pay and reward schemeTesco warehouse and driver staff to strike in pay rowAnchor to pay staff real living wage rates5% of ...
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ArticleAviva launches electric vehicle salary sacrifice scheme
Insurance giant Aviva has introduced an electric vehicle salary sacrifice scheme for its 16,000 UK employees.Under the initiative, workers can give up part of their pre-tax income in return for the opportunity to drive a fully electric vehicle such as a Nissan Leaf or Mini Electric for a two or ...
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ArticleThe top 10 most-read articles between 12 November – 18 November 2021
The top 10 most-read stories on employeebenefits.co.uk between 12 November – 18 November 2021 were: Centrica introduces electric car salary sacrifice schemeLidl gives pay rise to 21,000 employeesUniversity of Lincoln wins Grand Prix at Employee Benefits Awards 2021 What are employees looking for in the employee experience of the future?Train ...
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ArticleCentrica introduces electric car salary sacrifice scheme
Energy services business Centrica has launched a fully electric salary sacrifice company car lease scheme for its more than 25,000 employees.The company, which has nearly 700 Vauxhall Vivaro-e British Gas vans for engineers and 3,000 set to be delivered by the end of 2022, is operating the provision through salary ...
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ArticleThe top 10 most-read articles between 5 November – 11 November 2021
The top 10 most-read stories on employeebenefits.co.uk between 5 November – 11 November 2021 were: Charlton Morris launches four-day weekHow can employers address presenteeism and leavism in the workplace? Glen Dimplex UK staff to strike in living wage disputeTetley recruits graduate buyers to taste tea62% of staff said employers took ...