After knowing that you got tough competition in Australia‘s business market, you need to do something different that can hold your staff in your company and also help you in running your business. One of the out box idea is providing vehicles to your staffs for making their journey easy. Not like you are going to buy vehicles for them, but you can take vehicles on lease. You may be familiar with the term of novated leases; it’s a one of the famous and recommended way of buying a vehicle on lease. There are many companies like LeaseXpress Australia, who is offering these services. By this you don’t have to pay more and also you will get your vehicles.
How it is going to work for employees?
You need to have an understanding of how does novated lease work. Your employee will sign a lease agreement of vehicle under your company’s name. The company will pay the leases according to the agreement and it will deduct from the employee’s pre tax account. You don’t have to do anything regarding maintenance of vehicle or insurance. These things are employee’s responsibility and they have to look for all other obligations. If a employer leaves the company than they have to pay their vehicle‘s lease.
How it is going to work in the favor of company?
Novated lease works great in increasing employees’ benefit and allows business to run smoother. Not only that, it help you in saving your money on hiring a company’s car and paying for its maintenance or insurance. Your staff will get their vehicle on lease that helps them in shorting their travelling period to office from their home. Also, it will help you in making company and staffs relationship stronger. You can offer novated lease in the form of rewarding your workers. It will not only help in making your profit but also employees will feel praised and they will give their best for performing well.