Flexible Remuneration Planning
Australia's comprehensive system of taxing
salary and fringe benefits has meant employees can design
their remuneration package to suit their individual needs and
preferences
Superannuation/RBLs
After cash salary, Superannuation is the most commonly
provided fringe benefit. While increasingly requiring
supplementary investment vehicles, superannuation will retain
its pre-eminence as the mainstay of retirement based
investment benefits.
Employee Car Plans
After salary and superannuation, novated and associate
leases are the most popular and effective means of providing
employees with cars as a part of their remuneration.
Childcare
One of the most effective fringe benefits is FBT exempt,
employer provided Childcare. Surveys have shown that Mums and
Dads need childcare that is of high quality, affordable, near
their place of work and part of their remuneration package.
Living Away from Home Allowance
For organisations needing to attract the right person for
the job from overseas or interstate, the provision of
appropriate and legitimate Living Away from Home Allowances
and Fringe Benefits can mean the difference between a focussed
and committed employee performing at peak efficiency or a
distracted employee with an "attitude" problem.
Remuneration and Financial Planning
There can be no more challenging task for employers than to
attract, retain, motivate and protect valuable employees.
People at every level of an organisation (from the Managing
Director to the Janitor) can either be its most valuable asset
or its major liability. One of the major objectives facing
management is to transform its workforce from the latter to
the former, thereby creating an empowered employee for the
organisation.
|