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Company cars: an attractive benefit?

Mike Moore and Nathan Male look at whether company cars are still considered an attractive benefit

The provision of a company car or car allowance is seen by many employees as a critical component of their employer’s benefit offering. Entitlement to a company car is an aspiration held by many employees. However whilst employees decide what colour their new company car should be and which optional extras to choose let’s focus on the considerations required by the employer in designing the policy.

Policy design: art or science?

The car policy the document employees will be guided by is a critical document. It is generally owned by HR with key stakeholders across the business contributing including tax finance procurement and increasingly those with responsibility for corporate social responsibility (CSR). Despite the importance of the car policy which determines the provision of a...

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