Car Benefit Solutions MD Paul Taylor

The phrase ‘if you stand still, you’ll get left behind’ has arguably never been more relevant in today’s automotive industry, which finds itself amid massive upheaval and uncertainty. There are huge financial pressures and demands for greater efficiency that have led to massive changes in the world of work. In that scenario, coupled with an economy that is impacting our day-to-day lives, it comes as no surprise that businesses are looking at new fleet solutions.

What was once the norm, isn’t anymore. Companies need flexibility and solutions that have a car option for every driver, regardless of what their circumstances are. Although we’re all sustainability conscious, it might not be right for every company to have a full fleet of electric vehicles immediately – the more important consideration right now is the transition – and how we get there. So, if traditional fleet solutions don’t suit all businesses anymore, what could a new fleet solution look like?

A modern-day employee population

To achieve a solution that really works for your business, you need to look at the bigger picture. Today, your employee population has varied needs and to keep all your employees happy – which assists in retaining staff – a solution that works for everyone is required.

For traditional company car drivers who cover a lot of miles and might have range anxiety or infrastructure concerns over EVs, the best option might be an Employee Car Ownership Scheme (ECOS). This method of providing an employee car benefit is cost-effective for both employers and employees as it removes company car tax and Class 1A National Insurance Contributions.

For businesses moving towards a green goal, offering EVs as a company car would satisfy this fleet requirement. You also have the option to offer a cash benefit that employees then use to source and maintain their own vehicle.

It’s a tricky balance to tailor a fleet solution to satisfy all employees and have benefits for the business too – but it is possible. Offering a variety of ways to deliver a car benefit allows the most flexibility and also means the solution management can be agile too, future-proofing the fleet. The ‘one-size-fits-all’ approach is looking like a thing of the past.

What’s best for your business?

The likelihood is, most businesses would benefit from a single fleet solutions provider that is able to offer a consistent benefit, using multiple ways to deliver it. From beginning to end, here at Car Benefit Solutions (CBS), we’ll take care of everything. We manage your fleet solution from consultation and design through to implementation – and we ensure all technical and compliance requirements are met, too. We also offer in-life management included as standard, leaving you free to focus on driving your business forward.

Flexible and agile fleet solution management

With more than 20 years of expertise in the automotive and corporate employee benefits sector, we can provide our flexible and agile fleet solution management to suit your business needs. We don’t do out of the box; we do car benefits differently.