Purchasing power of employees: the car benefit to finance the increase in fuel prices
"Auto Advantage" - what is this new benefit?
This new feature adds to the range of benefits managed by Worklife: sustainable mobility package, meal vouchers, personal services, telework allowance, etc., helping companies to support the purchasing power of their employees at lower cost.
Since the beginning of March 2022, the increase in fuel prices has been a constant difficulty for some employees who use their personal vehicle for work. According to the 2021 edition of the annual "Mobility and Business" barometer, 85% of working people in urban areas of less than 100,000 inhabitants use their vehicle regularly. However, the same study reveals that only 17% of working people benefit from mileage reimbursement and 38% would like to benefit from it. This demand is likely to increase in the current context.
Despite the exceptional "fuel discount" introduced by the government, the price at the pump is well above the €1.40 that was still the norm last year. In this context, the coverage of mileage allowances becomes an essential lever to participate in the defense of the purchasing power of employees, at a lower cost for the company.
The "Avantage Auto" scheme proposed by Worklife allows an unprecedented gain in purchasing power for employees, at a lower cost for the company compared to a salary increase. Worklife proposes to companies to set up, via a payment card for employees, a monthly allowance calculated according to the mileage allowance scale and to benefit from total exemption from social charges. This allowance can also be combined with the sustainable mobility package, also managed by Worklife on the same payment card, which allows for the financing of soft mobility such as cycling or carpooling and makes the company's mobility plan more equitable by offering an advantage to employees who are far from public transport.
The Worklife smart card recognizes and monitors the type of expense employees incur and automatically directs it to the appropriate allowance. This technology saves companies money by only paying for what employees actually use.
In short, thanks to this new employee benefit scheme, companies will limit the impact of rising fuel prices on the purchasing power of their employees, be part of an inclusive and equitable approach, and consequently gain in attractiveness