Bayer brings in car scheme as retention drive

is introducing a scheme to make new cars available to its 2,200 staff as part
of its recruitment and retention strategy.

The chemicals conglomerate has an arrangement that will allow employees who are
not part of a company car scheme to lease purchase one directly from
Fleetlease, at low interest rates and without paying a deposit.

Ian Peacock, group HR director at Bayer, said, "I believe that giving
staff more choice and flexibility when it comes to their remuneration package
ultimately helps Bayer attract and retain quality people."

He added, "We wanted to cut back the cost of running such a large
vehicle fleet and part of this rationalisation was to put in place a dedicated
personal leasing scheme that can benefit all staff."

The scheme has been individually tailored to Bayer’s requirements. Peacock
said, "Many employees relocate to other countries – sometimes at short
notice – so it was important that the scheme included early termination cover,
decreasing the penalties normally associated with returning a vehicle

Staff pay for a new or used vehicle, either by individual direct debit or
money can be deducted from the employee’s pay.

So far, 42 employees have participated.

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