Employee satisfaction is vital for businesses. Businesses with happy employees can save thousands on additional costs. Before we break down the reasons our fuel cards can help with employee satisfaction, let’s explore some of the business benefits of employee satisfaction:
- Staff Retention – Happy employees tend to remain at the business. However, when dissatisfied employees leave, the cost of hiring a new driver can go into thousands of pounds. Recruitment fees, retraining, onboarding, and screening costs, along with other administrative expenses such as setting up a new hire on your company’s systems and payroll, can take its toll on a company’s expenses. Additionally, between an employee leaving and a new hire starting, the business is without a driver, which can result in lost revenue.
- Increased Productivity – Studies have shown that happy employees are around 12% more productive than dissatisfied employees, who are 10% less productive. Productive employees can lead to higher business profits and an even stronger competitive position.
- Attract Top Talent – While satisfied employees help with staff retention, increased profitability can lead to you needing to hire new staff. Your staff benefits (including fuel cards) can help you attract top talent. This can include recommendations from current and previous staff.
How can Fuel Cards Improve Driver Satisfaction?
Now that we have explored some of the business benefits of employee satisfaction, let’s look at how fuel cards can help make employees happier. While this may seem like a tenuous link, there are a lot of benefits fuel cards have for both employer and employee.
- All-Inclusive Services – Drivers spend long hours on the road and need to ensure they have proper breaks and are well rested (for their own and other road users’ safety). At many of the service stations on our network, drivers can have a one-stop shop. This means the driver can take a restful break, use the toilet and wash facilities, have a comfortable place to rest, and have access to food. All of this makes the life of a driver much easier. No more driving around looking for individual services!
- Loyalty Points and Rewards – Drivers can earn reward points that can be redeemed for personal use. These can include vouchers for money off and even special offers. A simple perk that goes a long way to making drivers feel valued and cared for.
- Eliminates Out-of-Pocket Expenses – For drivers, there is nothing worse than having to pay for purchases and fuel and having to wait for the company to reimburse them, as this can take several weeks to sort out. Fuel cards eliminate the need for this. No out-of-pocket fuel expenses for drivers.
- No Driving Around Looking for the Best Fuel Price – With Cambrian Fuel Cards, our fixed weekly pricing means that the price we send you on a Friday is the price you pay, no more fluctuating pump prices and looking around for the best price!
- Increased Safety – With fuel cards, employees do not need to carry cash, which can be a security risk in itself…and money can easily be lost!
- Less Paperwork Stress – No need to make sure drivers get the correct receipt (and not lose it) and then submit it to the office.
How do Fuel Cards Benefit an Employer?
We have already looked at how fuel cards can benefit your employees, but how can they also benefit YOU?
- Employee Satisfaction – Saves you time and money on recruitment, because you have happy and satisfied employees who want to work for you.
- Reduced Business Admin – No more keeping receipts for years (or indeed trying to get the receipts in from everyone). With Cambrian Fuel Cards, all transactions are automatically updated in the portal, which is VAT-compliant, reducing stress for both driver and employer. Did we forget to mention this is available 24/7!
- Fixed Weekly Pricing – Much easier to budget your fuel spend with fixed weekly pricing rather than fluctuating pump prices.
- Enhanced Safety and Security – To prevent fraud and misuse, with our fuel cards, you can restrict purchases. This can mean the card is only used for refuelling the company vehicle, or for any additional products (you can choose) such as ad blue and oils.
Closing Thoughts
Employee satisfaction and driver wellbeing should be at the forefront of businesses’ minds, as content and satisfied employees can save the business thousands of pounds on additional costs.
Fuel cards can go a long way in helping a business save money on these costs while also offering significant and tangible benefits to both employees and employers.
Contact Cambrian Fuel Cards today to discuss your fuel card needs with our friendly and expert consultants.
Useful Links
To apply for a fuel card with us today, click here
To learn more about our selection of fuel cards, click here
Click here to find out more about Cambrian Fuelcard Services
