The National Living Wage structure and changes over the past several years have come full swing and are having dramatic impacts on businesses at every end of the spectrum. Companies have multiple obligations that they must meet in relation to the National Living Wage, or potentially face large fines and public citation. First and foremost, the National Living Wage, or National Minimum wage, help to develop the ground rules for companies, making it a criminal offence for employers to not pay someone the set wage, or to fake payment records.
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There is a societal trend that continues to move more and more away from ownership of vehicles, and leaning toward usership and shared services. This trend has increased rapidly over the past several years, extending to both personal and business use, and is also beginning to make its way to the discussion of business fleets. Usership for shared living spaces, vacation rentals, and vehicles on a day-to-day basis have become rampant on a personal needs basis. However, the discussion is now focused toward businesses and wondering if the same philosophies can be beneficial to the large-scale logistics that are maintained with business fleets.
So, your business has made the exceptional decision to grow a fleet of vehicles to help deliver the vision and strategic initiatives implemented. Now it is time to decide on how to finance your fleet and get to action on serving the needs of your organisation. It can be somewhat challenging to know where to turn to when it comes time to begin financing your fleet of vehicles, so this article will be geared at helping to explore several options of financing to help you better meet the needs of the specific business environment and financial structure upheld by your growing company.
The importance of proper fuel management and developing an effective fleet fuelling programme is essential in providing an overall successful business fleet. Recent studies have indicated that over 1.5 percent of a business fleet’s fuelling budget goes to theft, and of that rate, 81 percent of fuel thefts are from a company employee with the remaining percentage being sources from outside siphoning of fuel or improper authorisation of a fleet fuel card.
The good news, as we look forward to the remainder of 2018, is that estimated fuel costs throughout Europe for both gasoline and diesel have an outlook for decreasing throughout the year by approximately 2 percent. However, fuel costs are on the same playing field for every organisation operating a fleet of vehicles, meaning that it becomes critical to identify competitive advantages in reducing overall costs and improving productivity. So, how do we now become more efficient and reduce your fuel costs across your fleet to help become the leading organisation among your competitors? The answer is defined by the following categories: vehicle tracking technology and reducing lifecycle costs.
Predictive maintenance of fleet vehicles has become more essential as cost-saving measures with a focus on overhead expenses become more and more critical, with emphasis on the bottom line. Servicing your fleet vehicle on a regular basis as well as having predictive technology built in with each vehicle will be a critical step in keeping your organisation competitive with the leading industry.
The United Kingdom workforce is expected to receive a pay boost from April 1st when new National Living Wage changes come into effect. At last November’s Budget, the chancellor announced that the National Living Wage would increase 4.4% for those aged 25 or over. To help business owners understand what the changes will mean and how it will affect their bottom line we’ve compiled a quick and easy guide below.
With the clocks going forward on March 25th, we decided to explore whether it influences commuter driving habits to and from work and, more importantly, what impact could it have for businesses with commercial vehicles.
With Valentines Day just round the corner here's 5 reasons why our customers love their RAM Tracking!
Any business who has some sort of company fleet will admit that this part of the business can be the backbone of the operations side. It’s the difference to completing a transaction with a customer or client, and essentially, without it, a business could struggle to deliver products or even end up paying out far more than needed for someone else to deliver for them. So protecting these assets are vital, and a vehicle tracking system could help you do just that.
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