Final answer:
A company car is considered a perk that some employers choose to include in the total rewards statement. It provides convenience, saves employees from incurring personal vehicle expenses, and can contribute to overall job satisfaction.
Step-by-step explanation:
A perk is an additional benefit or advantage that an employer offers to employees, often in addition to their regular salary or wages. It is considered a form of total rewards, which includes both financial and non-financial elements. A company car is one example of a perk that some employers choose to include in the total rewards statement. This means that the employer provides a car for the employee to use for both work-related and personal purposes.
Having a company car can be an attractive perk for employees, as it provides convenience and can save them from incurring expenses related to owning and maintaining a personal vehicle. It can also be seen as a status symbol and may contribute to the overall job satisfaction of employees.
However, it's important to note that not all employers offer company cars as a perk, and the availability of this perk may vary depending on the industry, job level, and company policies. Employers may choose to offer other perks such as flexible work schedules, health and wellness programs, employee discounts, or professional development opportunities.