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Wednesday, October 01, 2008

Vehicle Reimbursement Program

A lot of companies are investing nowadays not only with their products and services, but to their employees as well. I have not stayed at the corporate life for over 5 months, and my knowledge of some employee benefits are quite limited. My husband recently told me that they are currently tied up with a Vehicle reimbursement company , and i was clueless at first on what is it all about. Basically it is a firm that administers highly flexible and customizable vehicle reimbursement programs for companies with mobile employees.

Part of their services includes personalized driver reimbursement schedules where they will conduct an analysis of each driver to determine a fair reimbursable rate. Driver safety training is also part of their list, consulting services and motor vehicle record checks. On the other hand, employers also gains benefits from this program. It is sure to provide them cost savings. The costs for providing, maintaining and administering a company owned or leased car program go far beyond the monthly lease payments or bank fees. It will also appeal easy for the company since a separate firm will manage the entire program.

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