INDUSTRY KNOWLEDGE
How to Save on Employee Mileage Reimbursement: Fixed and Variable Rate (FAVR) Programs
In a competitive hiring market, it's crucial to provide your employees with fair and efficient reimbursement for driving their personal vehicle for work. FAVR, or Fixed and Variable Rate, is an IRS-compliant program that's designed to be the fairest method because it personalizes reimbursements to each employee.
Download the guide to learn about:
- The advantages of FAVR reimbursement programs
- How FAVR programs work
- The differences between FAVR and other vehicle programs
- Key considerations to decide if FAVR is right for your company