Flat allowances are failing drivers. Different jobs mean different distances. Some drivers cover 25,000 miles a year, others cover 5,000. But if you're giving everyone the same flat rate allowance, some drivers are losing out. That's why you need to implement a smarted system, one that factors in mileage bands. See what Paul and Torben have to say about this in the clip below.
𝗙𝗹𝗮𝘁 𝗮𝗹𝗹𝗼𝘄𝗮𝗻𝗰𝗲𝘀 𝗮𝗿𝗲 𝘂𝗻𝗳𝗮𝗶𝗿 𝘄𝗵𝗲𝗻 𝗽𝗲𝗼𝗽𝗹𝗲 𝗰𝗼𝘃𝗲𝗿 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗺𝗶𝗹𝗲𝗮𝗴𝗲 𝗿𝗮𝗻𝗴𝗲𝘀. That’s a problem for both employees and employers. HR teams are all about equity these days, but flat allowances are equal but not equitable. If you have someone driving 50,000 miles per year and someone driving 5,000 miles per year, you shouldn’t be giving both of them $600 per month. But many companies are. To attract and retain talent, you need to factor in different mileage bands, and pay people based on how far they’re actually driving. Although vehicle allowances may seem like the simplest option, there are other options that are just as easy but allow for more equitable reimbursement. Listen to the short clip below to learn more. #mileagereimbursement #allowance #cardata #unfair
