Good businesses are built on the back of good people and in a competitive employment market, attracting and hanging onto good staff should be imperative for any growing business.
Sure, good wages are an important part of attracting and keeping the right staff, but smart employers know there's more to attractive wages than just that gross salary figure. I'm talking about salary packaging. Salary packaging is the ideal way to maximise the value of any pay deal for your employees. It offers them a way to get their hands on the things they need in their daily lives while reducing their taxable income at the same time. In other words, it's a real win-win for them.
Employee retention
A new car obtained through a novated lease agreement is a crucial component of many, if not most, salary packaging arrangements and it's the perfect way to lure quality employees, reward existing ones and boost employee morale all-round. Look at it from your employee's perspective – they're offering me a brand-new vehicle, hey the boss must really value me, right! This has got to be a great place to work! It's quite an ego-boost for them. But not only that, you're saving them a bundle of money by reducing the cost of owning that new vehicle of their choice while reducing their taxable income
So it's a win-win for them, but you know what? It's also a win-win for you as their employer as well. How? Well for starters, your business benefits because it makes it easier to attract new staff and hang-on to those valuable employees while boosting their overall satisfaction. You know how important that is for business growth. But you'll also gain from the reduction in payroll tax, which is going to make your finance team very happy indeed. And another thing guaranteed to put a smile on their dial is the easy FBT reporting that comes with every Fleetcare Novated Lease.
Easy set-up
Perhaps you've been hanging back from offering novated leases to your employees. While you can see the benefits it sounds like a lot of work to implement and right now you've got a lot on your plate, right? Well the good news is that it really doesn't have to be. Fleetcare has over 30 years' experience helping businesses just like yours set up novated leases, so you can relax and leave all that time-consuming paperwork to us.
Once that novated lease is established you can rest assured that we'll always be there for you and your employees whenever you, or they, need us. Even if one of your employees leaves the business, the lease goes with them. We'll help them transfer their novated lease to their new employer. We're always trying that little bit harder to make it easy for you.
If it's time to discuss the benefits of novated leasing with your fellow company managers and you'd like further information, then please contact Fleetcare today on 134 333 for a chat about your business' needs.