In a competitive employment market, we need to pull out all stops to attract and retain the best talent. Finding ways to increase team members’ financial remuneration and work/life balance without impacting your bottom line can be extremely effective. Novated car leasing is a great way to do it. Novated leasing is a type of vehicle leasing arrangement that enables employees to lease a car or other vehicle, with the lease payments deducted from their pre-tax salary. This ensures they have a fresh, new, reliable car to get i in, and can result in significant savings over time. For employers, the cost of providing a novated lease can be less than the cost of providing a company car, as there are no upfront costs or ongoing maintenance expenses to worry about. Tax Benefits Novated leasing can also provide tax benefits for both employers and employees. For employees, the lease payments are deducted from their pre-tax salary, which can reduce their taxable income and potentially result in a lower tax bill. For employers, the costs associated with providing a novated lease can be tax-deductible, which can result in significant savings over time. Improved Work-life Balance Access to a vehicle through a novated lease can help employees achieve a better work-life balance. By providing them with a reliable and convenient means of transportation, you can help them to manage their time more effectively and reduce the stress and strain associated with commuting. This can lead to improved job satisfaction, higher productivity, and reduced absenteeism. The Ayers Group Can Help If you are looking for ways to improve your employee benefits package and demonstrate your commitment to your staff, offering a novated lease is a great place to start. If you’re interested in finding out more about novated leasing, talk to an expert at The Ayers Group. With over 20 years in the business, we can connect you with reputable novated leasing consultants who will smooth the way for you and your employees.