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For a business to succeed, it needs to have access to the best possible talent. Attracting this talent might mean offering a generous salary. But that’s not the only factor that skilled applicants will consider before taking the time to fire off a CV. Increasingly, fringe benefits like paid sick leave, flexible hours, and working-from-home arrangements are valued.
Among the top list of most desirable benefits is a company car. It’s perhaps understandable that employers would hesitate before making an investment of this size, particularly if the benefits of doing so aren’t immediately clear. Let’s examine a few reasons why a company car might be worthwhile for both employee and employer.
It Provides Flexibility
For some roles, employees will need to be able to travel at any given hour of the day. Clients may need to be visited, conferences may need to be attended, and impromptu meetings might be declared during a sudden crisis. A car will help any employee to get to where they need to be. Moreover, a car will grant employees greater flexibility when choosing their working hours.
It’s Cost Effective (sometimes)
If a given employee is racking up huge amounts of mileage, then the efficiency of their existing car might place a significant burden on the company’s finances. The employee has no incentive to care about this if their fuel is being paid for. By investing in a company car, you’ll be able to control the cost of fuel more closely. This is especially the case for employees who are driving older cars.
It Can Foster the Right Relationships
A high-quality car can help your employees to create the right impression on would-be clients and collaborators. If the employee is having to transport those third parties from place to place, … Read More
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