23% of employees can choose their company car freely
Somewhat surprisingly at times of growing harmonisation and efficiency, 23% of all employees can choose a new company car without any limitations. This implies these employees can choose any car manufacturer, any model, any powertrain - to some extent even any budget.
The numbers are the result of a survey executed by Belgian motoring site Gocar among around 3,300 Belgians. It remains to be seen if the same trends apply in other European markets but it wouldn’t be surprising as the pressure on the labour market was cited as a main motivator to give employees free choice.
The war for talent is fierce and it is inciting companies to introduce unconventional policies to attract and retain staff. A nice company car may still be a vital element in this war, but most employers are already offering similar company cars so it makes sense for companies that want to stand out to give their talent free rein.
Such liberal policies aren’t the preserve of top executives as one in seven young university graduates and even one in three blue-collar workers also get automotive carte blanche.
“This doesn’t mean that thousands of Belgians will start driving expensive cars,” said Gocar spokesperson Stephanie Popovic. “In most cases, employees can ask quotes in a number of car dealerships and hand them to their manager. Together, they can then decide which company car they can order. An additional benefit of this strategy is the fact that employers can demonstrate more appreciation and trust.”
And the other 75%...
Three quarters of employees that drive a company car still have to adhere to strict car policies. In many cases, the policy not only limits their budget but also the brand or models they can choose. Employees over 45 years old often get more flexibility in choosing their preferred car as they possess valuable expertise that employers are keen to retain.
Another reason why younger drivers mostly do not get carte blanche, is that employers take into account youthful foolishness, believing that more basic vehicle are less prone to being involved in heavy accidents.
Image: the Audi A3 is a popular company car in Belgium.