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
If your car allowance is not based on current data, you are over-reimbursing some while under-reimbursing others.
If you operate a one-size-fits-all policy, it’s going to cost you in productivity losses or attrition rates.
Insufficient reimbursement can violate labor codes, and untaxed allowances can violate tax codes.