Xtrac, a supplier of high-performance transmissions for top-level motorsport and high-performance automotive applications, has extended its range of employee benefits with an EV salary sacrifice scheme from Fleet Alliance.

Kirsty Knight, HR director, Xtrac

The Thatcham-headquartered business provides specialised motorsport and high-performance automotive transmission systems for internal combustion engine, hybrid, and electric vehicles, with in-house, high-value manufacturing as well as extensive design, testing and engineering capability.

Following extensive research in the salary sacrifice arena, the company has now introduced the Fleet Alliance scheme for all permanent part- and full-time staff, who make up the large proportion of the 440-plus staff based in the UK.

HR director Kirsty Knight commented: “The straightforwardness and total package on offer was attractive and workable for our business. Our employees have reacted very positively and welcome the opportunity to purchase a new electric vehicle at a reasonable cost along with the simplicity of the process to access one.”

In terms of communicating the benefits of the scheme to its employees, Xtrac uses various channels including a monthly newsletter, business communications screens, quarterly face-to-face business updates and business news articles.

“We see it as an excellent addition to our already extremely competitive and industry leading employee value proposition and it also supports our ESG credentials which are at the core of our business.

“We have been very pleased with the progress and uptake so far and, to accommodate more employees onto the scheme, have installed an additional 20 electric car charging points for staff to be able to charge their cars at work,” added Knight.

Fleet Alliance CEO Andy Bruce said Xtrac was a good example of the UK businesses of all sizes that were signing up to the benefits of the Fleet Alliance salary sacrifice scheme.

“Our scheme is a great way to offer a company car at no extra cost to the business, as well as encouraging staff to make the timely transition to electric cars and helping reduce the carbon footprint, while rewarding and retaining staff through more attractive benefits.”