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| Benefits of Salary Packaging for an Employer | |
| • |
Staff Attraction and Retention Strategy One of the most critical challenges facing business owners today is the ability to attract and retain valued employees across all levels. Salary Packaging delivers substantial after tax savings to an employee at no cost to the employer. By adopting a Salary Packaging strategy you become an Employer of choice. You keep abreast of current remuneration strategies while transferring the risks of owning & operating a motor vehicle to the employee. |
| • | Reduces the Administration Burden A Lease & Asset managed Novated Lease relieves your organisation of the administration burden, as the employee pays our management fee as part of the vehicle operating expenses. |
| • | No Risk of Ownership With a Novation arrangement the vehicle is retained by the employee should they leave their employment. The employer is not left holding a surplus or redundant vehicle. |
| • | No Balance Sheet Liability As the employee assumes the risk and ownership of the Lease, the employer does not assume the requirement of Balance Sheet reporting. |
| • | Total Cost of the Vehicle is met by the Employee A managed and budgeted novated lease spreads the total whole of term operating cost of the vehicle into regular monthly payments which are deducted from the employee's salary package. |
| • | The Employer Keeps Control Lease and Asset will e-mail you and the employee regularly reporting on the actual income and expenditure of the vehicle against budgeted costs. Lease & Assets reports also track kilometres travelled against budget for F.B.T tracking. The employer also has online access to the employees account for monitoring purposes. |