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The competition for talented and experienced executives can be brutal, but a compensation package that includes a company vehicle can provide an edge. Some companies prefer reimbursement. Here are the pros and cons.

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Why Reimbursement Doesn't Work

Reimbursement doesn’t work from an HR or safety & liability perspective, is counter-productive to corporate ‘green’ initiatives, can negatively impact the company image, and FAVR reimbursement programs may not be SOX-compliant.

Reimbursement is Unfair to Employees

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.