Companies
are prepared to dismiss company car drivers who lose their driving licence after
being caught speeding, according to a new survey.
The
HSBC Business Car Expectations report suggests that over half of UK businesses
would sack an employee for losing their licence.
The
proliferation of speed cameras and the fact that three offences are enough to
constitute a ban mean that many high-mileage company car drivers could run the
risk of losing their job.
The
poll also finds that the tough new taxation system, due to commence in April,
has lead to a re-think in the provision of company cars.
Four
out of ten firms are now considering reimbursing staff for using private
vehicles and 35 per cent are offering
cash instead of a company car.
Nearly
40 per cent of respondents believe tax is the most important issue facing fleet
buyers.
The
survey reveals that despite the move toward private cars two thirds of
businesses don’t check insurance cover, while 17 per cent do not check driver
details or records.
