Best value for employees – Retention and Recruitment

Ridiculous though it may seem your car scheme can make all the difference between taking on those key members of staff and seeing them go to your competition.  Even worse, it can be the catalyst for migration of the people who are already core to your business. The problem is that it isn’t simply a case of adding more and better choices, as tax can rapidly erode any additional benefit. You have to be more creative.

Whatever changes you wish to make to the car scheme, you should consider the effects both on the business and on the individuals.  From the business perspective, cost, emissions, and ease of management are likely to be the key factors, whilst for employees the main areas of concern will be choice and cost. This may seem contradictory, but it is relatively straightforward to adjust your car scheme to accommodate these objectives.