Grade your car allowance. Today.

Is your car allowance competitive? Or is it limiting your ability to attract and retain top talent?

A car allowance isn’t just an allowance. It affects

  • Productivity
  • Attrition rates
  • Recruiting costs
  • Your risk

Grade your car allowance.

THREE REASONS YOUR CAR ALLOWANCE MAY BE HURTING YOU:
It's not based on data

If your car allowance is not based on current data, you are over-reimbursing some while under-reimbursing others.

All costs are not equal

If you operate a one-size-fits-all policy, it’s going to cost you in productivity losses or attrition rates.

It's exposing you to risks

Insufficient reimbursement can violate labor codes, and untaxed allowances can violate tax codes.

Your car allowance or mileage reimbursement policy must mitigate risk, control spend while protecting employees income from the volatile costs of utilizing their vehicle for business.
(Robert Evans, Human Resources)

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