Asda runs a fleet of more than 700 contract hire cars, but allows staff to opt out and take a cash allowance instead. In the past 12 months, cash allowance takers have been returning to company cars, however.
Staff who opt into the car scheme benefit from corporate discounts and a wide range of cars, insurance cover, fully inclusive maintenance, servicing, accident management and breakdown recovery. In all cases, Asda can show cost savings from providing a car through its car scheme relative to the cost of providing a cash allowance.
As well as providing savings to its staff, Asda can reduce the burden of managing cash-takers from a duty-of-care perspective, managing its risk exposure better. In the last year, its funded company car fleet has grown by 150 cars.
Mike Hazelgrave, reward manager, says: “[This includes] utilising a whole-life-cost model to evolve our [car] choice lists and encourage employees to select greener [cars]. This has led to a reduction in our average fleet emissions.”
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