More than a third (36%) of respondents offer employees a salary sacrifice company car scheme, according to research by the Association of Car Fleet Operators (AFCO).
Its research, which questioned fleet decision-makers who collectively operate more than 19,000 company cars and employ more than 100,000 staff, found that this figure is significantly higher than the fifth (20%) of respondents that answered the same to a similar survey 18 months ago.
The research also found:
- 48% of respondents which do not currently offer a scheme were evaluating the merits of introducing the benefit to employees.
- 52% of respondents have not considered a salary sacrifice car scheme.
- 23% of respondents had no interest in introducing a salary sacrifice car scheme and ruled one out for a variety of reasons.
- 4% of respondents which do offer a salary sacrifice car scheme said it had triggered a reduction in the number of employees driving their own cars on business trips.
Damian James, chairman of ACFO, said: “Salary sacrifice is one of many useful tools in the car funding and employee benefits toolboxes, and it is clear from the survey that demand is growing.
“From the survey results, it is also clear that some employers with several thousand employees and large fleets are using salary sacrifice as an alternative funding mechanism for company cars.”