{"id":1262605,"date":"2023-08-09T17:22:00","date_gmt":"2023-08-09T16:22:00","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/company-cars-are-falling-out-of-favour\/"},"modified":"2023-08-09T17:22:00","modified_gmt":"2023-08-09T16:22:00","slug":"company-cars-are-falling-out-of-favour","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/company-cars-are-falling-out-of-favour\/","title":{"rendered":"Company cars are falling out of favour"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Just 10 per cent of company employees value the benefit of a company supplied \u2018perk\u2019 car, according to a survey of 850 human resources professionals by recruiter Wade Macdonald.<\/p>\n<p>The revelation suggests that companies offering <a class=\"polaris__link -is-external\" rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.autoexpress.co.uk\/company-cars\">company cars<\/a> to sweeten job offers may want to reconsider their range of benefits, as new attitudes are being heavily influenced by working from home, sustainability issues and general economic uncertainty.<\/p>\n<p>Once an undisputed benchmark for success on the corporate ladder, the survey reveals that perspectives now differ slightly depending on which rung an employee has reached. Just five per cent of non-managers see company cars as a benefit, compared to 10 per cent of managers and 15 per cent of senior managers.<\/p>\n<p>But while more than a third of senior managers and 44 per cent of director level employees have access to company car offers, far fewer are actually taking them up. Wade Macdonald\u2019s results suggest only five per cent of managers use the car benefit they are entitled to. That figure rises to nine per cent of entitled senior managers taking up their company car offers.<\/p>\n<p>\u201cRemote working has certainly had an impact on organisational management since the COVID-19 pandemic,\u201d says <strong>Chris Goulding, Managing Director of Wade Macdonald<\/strong>.<\/p>\n<p>\u201cOur previous research showed that only 10 per cent of people now work in the office full-time. With less of a requirement to travel to and from work every day, it makes sense that people no longer see having a company car as a benefit that will improve their working life.<\/p>\n<p>\u201cThe rise of remote working can also be attributed to the costs of commuting. Rising fuel prices have impacted many commuters, and so having another tank to fill may be seen as more of a drawback than a benefit,\u201d he says.<\/p>\n<p>It\u2019s not good news for the car industry, which is currently relying on fleet purchasers for the majority of its sales volumes, particularly when it comes to <a class=\"polaris__link -is-external\" rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.autoexpress.co.uk\/electric-cars\">EV<\/a>s.<\/p>\n<p>\u201cWith less certainty around the economy in general, cutting costs on benefits that employees do not utilise will allow companies to allocate more resources into areas they will see value in,\u201d says Goulding.<\/p>\n<p><strong><em>Now read our list of the <a class=\"polaris__link -is-external\" rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.autoexpress.co.uk\/best-cars-vans\/89750\/best-company-cars\">best company cars&#8230;<\/a><\/em><\/strong><\/p>\n<\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.autoexpress.co.uk\/company-cars\/360760\/company-car-drivers-traditional-perk-car-falling-out-favour\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just 10 per cent of company employees value the benefit of a company supplied \u2018perk\u2019 car, according to a survey of 850 human resources professionals by recruiter Wade Macdonald. The revelation suggests that companies offering company cars to sweeten job offers may want to reconsider their range of benefits, as new attitudes are being heavily [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1262606,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1262605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-autos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Company cars are falling out of favour - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.autoexpress.co.uk\/company-cars\/360760\/company-car-drivers-traditional-perk-car-falling-out-favour\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Company cars are falling out of favour - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"Just 10 per cent of company employees value the benefit of a company supplied \u2018perk\u2019 car, according to a survey of 850 human resources professionals by recruiter Wade Macdonald. The revelation suggests that companies offering company cars to sweeten job offers may want to reconsider their range of benefits, as new attitudes are being heavily [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.autoexpress.co.uk\/company-cars\/360760\/company-car-drivers-traditional-perk-car-falling-out-favour\" \/>\n<meta property=\"og:site_name\" content=\"Business Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-09T16:22:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/08\/Company-cars-are-falling-out-of-favour.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1260\" \/>\n\t<meta property=\"og:image:height\" content=\"710\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"businesstelegraph\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"businesstelegraph\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.autoexpress.co.uk\/company-cars\/360760\/company-car-drivers-traditional-perk-car-falling-out-favour#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/company-cars-are-falling-out-of-favour\/\"},\"author\":{\"name\":\"businesstelegraph\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78\"},\"headline\":\"Company cars are falling out of favour\",\"datePublished\":\"2023-08-09T16:22:00+00:00\",\"dateModified\":\"2023-08-09T16:22:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/company-cars-are-falling-out-of-favour\/\"},\"wordCount\":374,\"publisher\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.autoexpress.co.uk\/company-cars\/360760\/company-car-drivers-traditional-perk-car-falling-out-favour#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/08\/Company-cars-are-falling-out-of-favour.jpg\",\"articleSection\":[\"autos\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/company-cars-are-falling-out-of-favour\/\",\"url\":\"https:\/\/www.autoexpress.co.uk\/company-cars\/360760\/company-car-drivers-traditional-perk-car-falling-out-favour\",\"name\":\"Company cars are falling out of favour - 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