Flat Rate Allowance Seems Fair…But it’s Not
It’s easy to pay a predetermined amount each month to employees who drive their personal vehicles on company business. Unfortunately, a flat rate vehicle reimbursement program doesn’t factor in variable costs. And it doesn’t acknowledge human nature. Customer relationships can suffer when an employee believes the flat rate does not cover their vehicle costs. CarData VRPs calculate the real costs and build in flexibility that makes the program fair to employees and valuable to the business.
VRP vs. Flat Rate, Head-to-Head
Let’s break the essential points down.
“The vehicle reimbursement program we were using had our people moving in and out of compliance with IRS rules. Continue reading “Vice President Human Resources – Fortune 500 Company” »
- Vice President Human Resources, Technology Industry
“The online application is simple to use, and our employees love being able to have access through their mobile devices. This technology has made a big difference in terms of compliance. Employee buy-in was almost seamless, which in our industry is worth its weight in gold! Continue reading “Testimonial – Modern Technology” »
- Benefits Director, Beauty Industry
“Placing our vehicle reimbursement program into the hands of CarData was one of the best decisions for our company. The modern technology and easy-to-use system that they offer is second to none. Continue reading “Testimonial – Driver Benefits” »
- Director Purchasing, Chemical Company
“Our company cars were costing us too much and they were getting older. We wanted a plan that was industry competitive and that produced some cost savings. Continue reading “Chief Financial Officer – Resource Industry” »
- Chief Financial Officer, Food Industry
“Prior to switching to CarData for our vehicle reimbursement plan, we managed an in-house fleet program. However the practicality of the program began a steady decline not long ago, both in terms of costing and resource allocation. Continue reading “Testimonial – Company Car Fleet” »