Who wants an employee vehicle? The answer is potentially everyone. There are few bad results of having an employee vehicle, especially under the point-of-view of the employee. There are, however, many cons to buying employee vehicles at the end of the employer, and these cons are rather substantial. Take the money part out of the equation entirely. There are still some things to be concerned about. Is there a greater chance of liability? Yes, there is. Is there a greater chance of employee’s gaining additional freedom, opening up the potential for systemic abuse? Yes, there may be.
Employee Cars and Loyalty
But, there is one clear benefit that almost single-handedly overrides all potential costs, financial and not. The benefit of an employee vehicle is loyalty. An employee vehicle can harness long-term employee development. This may be enough to reconsider the idea entirely.
Employers can learn How to Get Into The Right Gear With Your Work Vehicles. Consider adding more or adding less. But, make sure that every additional vehicle is valued. It has to prove its worth, and many companies just adopt employee cars by the truckload without giving each one value.
The Hierarchy of “Specialness”
One way to do this is by establishing a hierarchy. If employees reach mid-tier management, they get a car. There is no blatant favoritism. There is no muddying of the waters by mixing the company hierarchy. Mid-management and above has a car. This provides a specialness to every car owner because it requires reaching a certain level. If utilized fairly, it can drive performance.
This adds additional authority to every person at this level. It also builds what was mentioned before- loyalty. One person may have multiple job options open to them. The one with the car automatically acts as a major (and rather massive) benefit. The benefit can’t be ignored. Employees will stick around even longer, especially if they are valued and treated well with a brand new car.
Employee cars are often ill-used. if utilized as a tool, not the end but a part of continuation, every vehicle can serve the greater purpose of building a brand and a team of loyal and respected people.