A recent GE Capital Fleet Services survey indicates businesses that provide company cars are more likely to retain employees than those that reimburse personal vehicle usage for work purposes. Notably, 87 percent of current company car users and 63 percent of personal vehicle users would not consider another company if it did not offer a company vehicle.
With the impact of not providing a company vehicle being felt in both human resources and on the bottom line, businesses should evaluate if a company-provided vehicle can better contribute to their combined cost-saving and employee retention goals.
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The Article Businesses Providing Company Vehicles Are More Likely to Retain Employees, Finds GE Capital Fleet Services Survey appeared first on Automotive Digest.