Allianz has unveiled a new electric vehicle (EV) offering for its 8,000-strong UK workforce as part of its new rewards and benefits strategy.
The insurance company introduced the salary sacrifice scheme – which gives employees the choice of electric and plug-in hybrid cars – through a partnership with ElectriX and CBVC Vehicle Management.
Calculated monthly, staff can pay back the cost of the lease directly from their gross salary via payroll.
Julie Harrison, chief HR officer at Allianz UK, said: “We are always looking at ways to improve our employee offering to make Allianz a fantastic place to work and this scheme is particularly important as it combines our role as an employer and insurer. Unlike a personal lease, there is no upfront deposit or credit check required so the scheme removes upfront costs and opens up a wealth of choice. We know it’s something our people have been looking forward to and is a big milestone on our new benefits roadmap.”
The new provision also offers access to a portal which allows employees to research the available vehicles, an all-in-one service from LV= providing servicing, maintenance and breakdown cover, as well as a home charger, three-year fixed-price car insurance and lifestyle protection should their circumstances change.
Guy Spence, managing director at ElectriX, commented: “We’re so excited to have launched this scheme for Allianz employees. Sustainability is at the core of our business and by offering nearly 8,000 people the opportunity to move to an EV is a huge step forwards in managing our own ‘grey’ fleet. “
He explained that it also a great addition to its employee benefits as a cost-effective way to introduce EV ownership.
Mike Manners, managing director at CBVC Vehicle Management, added: “Salary sacrifice offers such a brilliant option for both employers and employees and makes an electric car an affordable option. Introducing salary sacrifice at this scale, means that together we can make a real difference to the environmental, social and governance agenda and reduce carbon emissions.”