EXCLUSIVE: Just over one-third (39%) of benefits professionals receive a company car or car allowance as part of their overall reward package, according to research by Employee Benefits .
The Employee Benefits Salary survey 2014 , which questioned 361 people responsible for managing benefits and reward in UK organisations, found that, of this 39%, more than one-third (38%) receive a company car rather than a car allowance.
The average approximate value of company cars for 62% of respondents in receipt of one is between £20,001 and £30,000, with just 2% in possession of a car worth more than £40,000.
One-third (34%) of respondents that receive an annual car allowance receive between £5,001 and £6,000, 11% receive less than £4,000 and 3% receive get more than £10,000.
Are you provided with a car or car allowance as either a business driver or perk driver as part of your reward package?
No 62%
Yes 39%
Source: Those responsible for reward and benefits for staff in their own organisation (291)
Do you receive a company car (as opposed to a car allowance)?
No 63%
Yes 38%
Source: Those responsible for reward and benefits for staff in their own organisation who receive a car or car allowance (112)
Source: Those responsible for reward and benefits for staff in their own organisation who receive a company car (42)
If you receive a car allowance, what is its annual value?
Less than £4,000 11%
£4,001-£5,000 13%
£5,001-£6,000 34%
£6,001-£7,000 19%
£7,001-£8,000 14%
£8,001-£9,000 6%
More than £10,000 3%
Source: Those responsible for reward and benefits for staff in their own organisation who receive a car allowance (70)