The company has had 82 employees sign up to the scheme, with predicted savings of more than £1,000 per car per year compared to a traditional company car. Provecta Car Plan was chosen to launch the scheme after Henkel decided to offer employees a transport alternative that didn't incur company car tax.
Paul Ryan, human resources operations manager at Henkel, said: 'You have to strike a fine balance between the complexity of what you can offer employees with the benefits for the employer and employees. Ultimately, if companies can offer employees good benefits, they will be rewarded with better staff morale and retention.
'Cash allowances may be simpler, but they do not take individual drivers' circumstances into account, which often results in higher costs to the business. Also, even though these plans are complex it should be remembered that they are a choice – not imposed.'
Provecta has been working with Henkel for the past 18 months to educate its employees about the benefits of owning their own car under an employee car ownership plan.