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.
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.