One in three Belgian employees has a company car
Counting down to the annual Motor Show in Brussels, human resources company SD Worx said, reporting on their annual research into the salary of employees in Belgium, that the percentage of Belgians benefiting from a company car remains stable at 33.4%. One in three employees has got one. That is about the same percentage as in 2013, when 34.9% of employees was awarded a company car.
The median list price of Belgian company cars was €31,959 in 2018, including accessories and VAT.
For employees at the start of their career, the average number that has a company car, however, is under one in five (17.7%). For them, the median list price lies at €25,706.
SD Worx also says that for employers, a company car is still an important element in the “war for talent” in the Belgian employment market. It comes as no surprise that commercial representatives and consultants more often do than do not have a company car. Project managers, ICT consultants, ICT developers and ICT engineers, and a lot of management level jobs almost automatically are eligible for a car. To summarise: the more commercial, specialised or strategic the job of the employee, the more probable that he will get a car in his salary package.
Most company cars are to be found at companies with up to fifty employees (43.4%). At big companies employing more than 500 people this percentage is lower because a relatively lower number of job profiles are eligible for a car in these companies.
In conclusion, the study mentions the fact that the company car, mostly through a leasing contract that is renewed every four or five years, cannot be missed, because a company car remains a fixed element in the salary package for many profiles, given the war on talent.
SD Worx’s research is based on the salary information of more than 100,000 Belgian employees working for more than 10,000 employers in 2018. Belgian car federation Febiac said that last years, company cars made up for about one fifth of all cars on the road.
Photo: SD Worx