Salary packaging for employers
Competition for talented employees has never been stronger and the retaining of employees never more difficult.
High movement of qualified and skilled professionals directly impacts an organisation on a number of levels. The direct financial costs alone in the areas of agency recruitment costs, HR resources and training are easily measured, however there are also the additional ‘hidden costs’, particularly in the areas of the loss of intellectual property, service disruption and loss of clients, which all add to the financial cost.
As demand for skilled labour continues to outweigh supply, employees are now ‘shopping around’ for employers and considering all the benefits available to them. Employers seeking to compete for talented employees need to differentiate themselves and respond in new ways to retain experienced employees by offering benefits that reflect their concerns and lifestyles.
One area that is a great benefit and is offered by large employers but hindered smaller business is in the area of salary packaging private motor vehicles.
InterPrac now has the solution for Employers of any size from 1 employee to 1000s.
The recently launched salary packaging division of InterPrac can set up salary packaging for employers of any size without a cost to the employer. This service provides a significant employee benefit to those wanting to salary package their private vehicle.