Fleet Alliance selects the right gear for Xtrac's salary sacrifice scheme

HIGH performance transmission maker Xtrac has extended its range of employee benefits with an EV salary sacrifice scheme from Fleet Alliance.

While the Thatcham head-quartered business provides specialised motorsport and high-performance automotive transmission systems, its new salary sacrifice proposition will be about offering its 440 UK staff electric vehicles.

Our employees have reacted very positively and welcome the opportunity to lease a new electric vehicle at a reasonable cost along with the simplicity of the process to access one. We see it as an excellent addition to our already extremely competitive and industry leading employee value proposition and it also supports our ESG credentials which are at the core of our business.

Kirsty Knight, HR director, Xtrac Tweet

To promote the benefit, Xtrac uses a monthly newsletter, business communication screens, quarterly face-to-face business updates and business news articles. It has also installed 20 electric charging points at work.

“We are well known for our industry-leading and award-winning apprentice scheme with our in-house academy but, with this encouragement of staff to move to low carbon vehicles, we know we are leading our industry in the ESG space,” added Kirsty Knight who is pictured above.

Fleet Alliance CEO Andy Bruce said Xtrac was a good example of the UK businesses of all sizes that were signing up to the benefits of the Fleet Alliance salary sacrifice scheme.

“Our scheme is a great way to offer an electric car at no extra cost to the business, as well as encouraging staff to make the timely transition to electric cars and helping reduce the carbon footprint, while rewarding and retaining staff through more attractive benefits.

“To keep costs as low as possible, we can deliver monthly savings of hundreds of pounds for employees due to our excellent procurement processes and the fact that we competitively tender each new vehicle via a panel of up to 11 funders. This ensures our clients, and their employees benefit from the lowest rental rate available in the market,” he said.