Salary packaging benefits such as novated leases have traditionally been seen as an incentive for employees. However, there are huge benefits for employers to offer salary packaging.
While your employees take advantage of reduced tax obligations and an increased take-home pay, you can also stand to benefit in a number of ways including:
- Effectively increasing employee salaries with no additional salary costs to the company
- Raising the value of your company in the eyes of your employees
- Rewarding the hard work of your employees with minimal effort on the part of the company
- Staff retention – reducing training costs due to staff turnover
Depending on the type of organisation you are, there are different types of benefits you can offer to your employees. We’ll help you put together a program appropriate to you.