Improve your Employees financial outcome with Salary Packaging
“Proactive benefits done the right wasy, can contribute to higher staff retention, better productivity & higher level of output”
what is salary Packaging / Sacrificing ?
SAME PAY - MORE MONEY
NATIONAL SALARY PACKAGING
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Salary Packaging is a great employee benefit that is available to all businesses and is fully approved by the Australian Taxation Office.
It allows employees to pay for certain items before tax, which means employees get more from their salaries by paying less tax – increasing their disposable income.
Employee Engagement Solutions
what can i package?
Making a Start
The first step is to select a list of benefits for your employees to package. We recommend the following list to start with. If you have more benefits
The following items are exempt from fringe benefits tax (FBT) when they’re used primarily for business purposes.
- Novated Leases for cars
- Associate Lease for cars
- Laptop & Portable devices
- Superannuation (additional to the 9.5% compulsory employer contribution)
- Airport lounge memberships
- Remote Area benefits
- LAFH (Living Away From Home) benefits
- Relocation benefits
- NFP (Non For Profit) concessional benefits (living & entertainment)
- NFP (Non For Profit) Private expenses (GST-exclusive up to $15,900 per annum)
Why offer perks to your employees?
Here's the psychology summarised
Increase the value proposition of your remuneration offering
Attract & Retain the right People
Position your business as an Employer of Choice
Generate better Employee Experiences, Loyalty & Engagement
Protect your 'Employer Reputation'
A WIN WIN Perk
Employees and Employers benefit from salary packaging
Financial benefits help underpin your company’s success & your employee’s happiness and motivation!
Offering extra financial rewards attract highly skilled people. In fact, according to the HR Institute has found, "the lure of better pay elsewhere is reported as the second strongest factor in why employees say they leave" Moreover, financial rewards help sustain your employees' lifestyles - and are a major determinant where someone chooses to work.
Happy Employees Drive your Business forward
Firms that consistently attract & Retain motivated committed staff, THRIVE. That means, while money is just one factor, salaries and bonuses are directly linked to your company’s success which means employees’salaries and benefits are vital business decisions.
Extra Perks contribute to higher staff retention, better productivity & higher level of output.
Giving employees additional financial benefits supports their financial security and encourages them to deliver above average work and effort. This is because when money is less of a concern, workers can more fully focus on their projects. They have fewer worries about staying financially afloat, which makes them more present in the office, leading to higher levels of productivity and better quality of work.
What is the cost of staff Retention to your business?
Frequent turnover has a negative impact on employee morale, productivity, and company revenue. Recruiting and training a new employee requires staff time and money.