Unlike one-size-fits-all car allowance or cents-per-mile reimbursement programs, fixed and variable rate (FAVR) programs reimburse employees for their fixed and variable costs. . What does that mean?
Fixed costs are constant month over month but vary from employee to employee due to factors such as type of vehicle and number of miles driven as well as geography. They include things like:
License and registration fees
Taxes and depreciation
Variable costs vary month over month and are based on number of business miles driven and geography. They include things like:
With Motus, it’s easy to administer a tax-free, fair and accurate FAVR program with our real-time, cloud-based technology platform that calculates the exact cost of driving specific to each individual employee.
By reimbursing employees based on how much they drive and where they drive, businesses achieve hard cost savings. And with a fully automated process for capturing business miles, employees get valuable time back in their day to be more productive. It’s a win-win for everyone.
of surveyed Motus customers re-invested the cost savings from Motus into their organization by investing in other areas of the business.
of surveyed Motus customers increased the productivity of their mobile employees by 10% or more with Motus.