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The fastest-growing funding method in the UK, a salary sacrifice employee benefit plan has been rolled to employees of Danske Bank UK, the largest bank in Northern Ireland.
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Since fleet drivers spend most of their workdays on the road, they may feel more detached from their companies. Managers can help drivers feel more connected by offering opportunities for them to communicate their opinions, participate in company discussions, and take part in incentive programs.
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A fleet cost reduction program goes straight to the corporate bottom line. If a company operates at a 10% annual net profit margin, reducing annual fleet expenses by $100,000 is the equivalent of generating $1 million in sales. Although fleet managers manage hundreds of thousands to tens of millions of dollars in corporate assets, only half are incentivized to achieve targeted performance goals. I advocate incentivization should be a universal best practice extended to all fleet managers.
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The use of incentives may be a productive part of a well-rounded and well-executed fleet driver safety program, but it should never be used as a shortcut to deliver results when underlying practices may be incomplete.
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Learn how four fleets use driver input — and driver accountability — along with rightsizing, route optimization and new technology to achieve fuel savings of 10-20 percent.
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A little more than three years after adding Audi vehicles to its sales fleet, Panasonic is reaping the benefits of that decision.
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Benefits of BMW’s new Executive Preference Program (EPP) include zero-cost maintenance for four years/50,000 miles, roadside assistance for four years, a safety program, fleet-trained personnel at dealerships, and special fleet pricing.
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With proper fleet planning techniques, having 25 cars on the lot and 100 expected reservations that day is a very manageable situation.
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