Tusker launches salary sacrifice car scheme for SMEs
Dubbed ‘Accelerate’, the off-the-shelf salary sacrifice product has been designed with a simplified implementation process to make it ideal for companies employing between 250 and 1,000 people.
Accelerate works in the same way as Tusker’s Salary Sacrifice for Cars (SS4C) Scheme, where employees are provided with all their motoring needs, including insurance, maintenance and early termination protection for a fixed monthly reduction to their salary, meaning all they need to do is add fuel.
It’s also being targeted at larger companies looking for an ‘express option’ to introduce salary sacrifice very quickly because of the shortened and simplified implementation process.
David Hosking, chief executive officer for Tusker, said: “Up until now there hasn’t been a salary sacrifice product that is suitable for mid-sized businesses. The demands of tailoring schemes properly for large employers and the detailed implementation process has meant that they are not usually viable for employers with fewer than 1,000 eligible employees. With Accelerate we have designed a scheme that works ‘out of the box’. It’s ready to go immediately, giving employees instant access to information, videos, case studies, quotes and orders.”
Tusker added that its experience in bringing the first Salary Sacrifice for Cars Scheme to market in 2008 means that the company is ideally placed to open up the benefits to a wider audience.
Hosking added: “We are quite used to dealing across all departments, including fleet, HR, finance, purchasing and payroll. However, our greatest strength is in dealing with drivers. It is what we do to great effect, all day and every day. Now we have opened up the market to allow businesses of all sizes to offer their staff the most highly valued of employee benefits with the upmost simplification and ease.”