If you're an HR manager or otherwise responsible for employing staff, then you understand the importance of attracting high quality employees and hanging onto them at all costs. Good staff are the lifeblood of any successful business after all. It's never easy, but one simple solution is to set up a comprehensive salary packaging program offering money-saving novated leases on vehicles to reward your valued employees.
Here are five good reasons why novated leasing is great for your employees and great for business as well:
1. A great incentive
The promise of a shiny new car is a great incentive for any prospective new employee and a great way to reward the good work of existing staff. It allows you to show that you value their contribution and helps to boost their morale. A novated lease that's going to save them thousands on their new vehicle is the perfect solution for businesses of all sizes.
2. It costs you nothing
A Fleetcare Novated Lease won't cost you a cent to establish – nada, nothing and zilch! There's no set up, administration or support fees and Fleetcare takes care of everything for you.
3. Not just for work
Your employees are perfectly free to use their vehicle for personal use, not just for work. They get to pick the new vehicle of their choice and they don't have to use it for work at all if they choose not to. They can even choose a used vehicle under certain conditions.
4. The pay rise you get when you don't get a pay rise
Because the total cost of running that new vehicle comes out of your employee's pre-tax income, rather than their pay after the tax man's taken his slice of it, they're left with more money in their pocket thanks to the reduction of their taxable income. They're bound to thank you for it.
5. Easy to administer
Now, you might be thinking that novated leasing sounds like a good idea but a lot of work, but you'd be wrong about that. That's because Fleetcare does all the administrative work for you, leaving you and your HR and payroll departments to get on with other things. You'll find Fleetcare's administration systems straightforward and easy to implement and they're supported by the experienced experts here at Fleetcare including a dedicated account manager.
The more you think about it, the more the benefits of novated leasing just add up for your employees and your business. What's more, it's a totally risk-free option for your business. Should your employee leave and start work elsewhere, is the lease goes with them leaving you free of any financial risk.
Need to find out more about novated leasing? Call Fleetcare today on 134 333.