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I Need Advice

Ok, thoughts and opinions welcomed!!

Mileage reimbursement versus Monthly Stipends for employees who drive their personal vehicle for company business.
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I would say Mileage, even that can be fairly costly, i know many employees love it as they make money off it. How about providing them rental for a day, if it is not daily/frequent travel. Our company adopted to a 60 mile radius personal vehicle use. Policy.