All Company cars articles – Page 41
-
Article
Cars and fleet - definition - Outright purchase
This is when an organisation actually buys the company car, usually in bulk for discounted deals, and loans it to employees. In this instance, employers are responsible for the administration and will also have to ensure, subject to employee contracts, that the car is adequately maintained, fit for purpose and ...
-
Article
Cars and fleet - definition - Contract hire
Contract hire is where a company hires a car from a car leasing company for a determined period of time and for an agreed monthly cost, and the car leasing company deals with the fleet administration.Contract hire leasing schemes are often thought to remove the responsibility of running the fleet ...
-
Article
One Stop Stores makes move towards green cars
Retailer One Stop Stores hopes to move two-thirds of its company car drivers into low-emission vehicles within 12 months.To encourage staff to make this move, it has offered its 160 contract hire drivers a far greater choice of low-emission cars.It is also making sure that staff are aware of the ...
-
Analysis
Employee engagement: Company cars can engage staff if well managed
The company car is part of many benefit packages, but unless a wide choice is offered and policies are well communicated, Mike Roberts says not all staff will be fully engagedThe provision of a company vehicle plays its part in attracting quality employees, but handing over a set of car ...
-
Article
Cars and fleet - definition - Employee car ownership scheme
As the cash alternative to contract car hire and outright purchase, an employee car ownership scheme allows an employee to spend a certain amount of cash, determined by their employer, on a car of their choice through monthly payments.The employee signs a contract with a car leasing company to purchase ...
-
Article
Barclays fleet records its lowest carbon emissions
Barclays has recorded its lowest monthly average CO2 emissions for its company car scheme.This month, it has recorded a level of 155 grams of CO2 per kilometre.The company has been measuring its drivers’ emissions since March 2005, and last December made changes to its company car policy by introducing financial ...
-
Analysis
Assess employee behaviour before issuing company car
Employee behaviour can significantly increase fleet risk, so employers are learning that policies can help them target resources effectively to curb it, says Sarah ColesSome people are accidents waiting to happen. According to the Royal Society for the Prevention of Accidents, 3,695 people end up in hospital every year because ...
-
Case Studies
Pfizer anticipates smoking ban's impact on its company cars
Global pharmaceutical company Pfizer, which has 2,200 company car drivers, is currently grappling with the introduction of the smoking ban in England.Lynne Bundle, fleet and mobile phone manager, explains: "We have sent out some guidelines but there are still some grey areas in that [we] have 635 opt-out drivers [who ...
-
Article
Cars and fleet - definition - All employee car ownership plan (AECOP)
An all employee car ownership plan (AECOP) allows all employees who are not entitled to a company car of any description to purchase a vehicle at a discounted rate. An all employee car ownership plan usually favours larger companies which have a strong buying power with car manufacturers.Both McDonald's and ...
-
Article
Advisory fuel rates on the rise
HM Revenue & Customs (HMRC) is to increase the advisory fuel rates for company car drivers from August 1 so that they fall in line with rises in fuel costs.The move means that employers will now be able to reimburse drivers in large petrol 2000cc company cars that pay for ...
-
Case Studies
T-Mobile addresses drivers attitudes to keep them safe
T-Mobile believes it is not enough to impose rules and checks on employees, it also works on addressing driver beliefs and attitudes to help keep them safe.The firm's policies cover document checking, effective accident management and the use of mobile phones when driving.But it also thinks more strategically. Frank Arthur, ...
-
Article
Small fleets unconcerned by green issues
Employers with fleets of less than 100 company cars do not see environmental issues as a key concern.instead, some of their key issues include: driver licence checking; making employees aware of the smoking ban; risk management issues; keeping on top of fleet administration and reducing overall vehicle operating costs. Environmental ...
-
Article
Vigilance needed when vetting overseas driving licences
Employers should carefully check the driving licences of foreign staff who are eligible for company cars in the UK or they may risk prosecution if these are subsequently found to be invalid.Many foreign drivers are thought to be on the roads illegally because employers have no robust procedures to check ...
-
Article
Hybrid vehicles can reduce company's tax load
Company car tax is increasingly based on green credentials, so hybrid vehicles can lighten an organisation’s tax load, says Jenny KeefeWhile Leonardo DiCaprio is frequently snapped driving around LA in his eco-friendly Toyota Prius, hybrid cars are still a rare sight in UK car parks. Yet picking a hybrid can ...
-
Article
JVC switches to green cars
JVC has changed its contract hire provider to encourage more of its 120 fleet drivers to use environmentally-friendly cars.Its new provider, Tuskerdirect, offers cars that emit no more than 169g of carbon dioxide per kilometre, which meets the requirements of the electronic firm's environmental policy. An online tool enables JVC's ...
-
Article
More than half of organisations are unprepared for proposed manslaughter bill
Just over half (51%) of organisations are not prepared for the Corporate Manslaughter and Corporate Homicide Bill, yet over a third (38%) think that it will affect them when it comes into force. The Bill is due to come into effect from 1 July.A further 48% that are aware of ...
-
Article
HMRC consultation open on Amaps
HM Revenue & Customs (HMRC) has published an open letter asking for comment on three possible changes to the current structure of Approved Mileage Allowance Payments (Amaps).In looking at possible ways that the current structure of Amaps might be changed, HMRC indicates it will be looking at: an option for ...
-
Case Studies
Conchango offers its staff Amaps
Business and technology consultancy Conchango ditched its company car scheme, after it became too costly and complex.The Egham-based company, which employs 300 people in the UK, now offers authorised mileage allowances for staff (Amaps). Mike Altendorf, CEO at Conchango UK, says: "We moved to this current model from the fleet ...
-
Article
Grosvenor launches online risk management system
Grosvenor Contract Leasing has launched an online fleet risk-management system.Its web-based Go4 product, which is aimed at fleet managers and drivers that are permitted to choose their own vehicles, includes a licence-checking facility and reminder service of when an employee's road tax and insurance is due. It costs between £2.50 ...
-
Article
Environmental issues impact on fleet policy
Environmental issues are having an impact on employers' company car policies. Just under a quarter (22%) have adopted a green transport policy, while a further 40% encourage staff to car share. More than a quarter (27%), meanwhile, have restricted drivers' choices to lower consumption diesel engines, according to the Company ...