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If employees are your greatest asset, why treat them unfairly with a driver reimbursement program? I have yet to hear of a company that reimburses at a rate that fully compensates drivers for the actual cost of operating a vehicle, especially in this era of escalating fuel prices.
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Although in-house management of an executive fleet is extremely time-consuming, reimbursement is a less cost-effective alternative. I argue that, in general, a company-administered executive vehicle fleet is a better choice than reimbursement.
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A perennial question facing corporate management is whether it makes better business sense to provide company vehicles for employees or to reimburse them for the use of their personal vehicles.
Read More →The computer spreadsheet program, which was developed by Deloitte & Touche, allows fleet managers to input variables specific to their business in making the decision. It includes personal use and reimbursement analyses.
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