Benefits to you as an employer
Organisations are realising that salary packaging is a key component of an effective remuneration and benefits strategy. It takes more than just good working conditions and competitive salaries to attract and keep good people.
Prosperity’s salary packaging services offer real advantages to both you and your employees. Our program can assist you to improve morale and, attract and retain high quality employees, without increasing costs or burdening administration.
The value of outsourcing
The administration of a salary packaging program in-house can be costly, time consuming and labour intensive for an employer, including cost of compliance, cost of specialised technology and the costs to employ tax (FBT and GST) experts.
Outsourcing reduces the pressure on company resources (HR, finance and payroll), who may currently be spending time managing salary packaging administration, including frequent employee queries and managing the company’s FBT requirements.
In many cases, where salary packaging is being managed in-house, Prosperity is able to increase the number of benefits available to employees, improving the overall value of the program.