Salary Sacrifice Facts: 1. 39% of employees believe the opportunity to acquire a laptop by salary-sacrifice is the most important and preferred packaging benefit. Why? They save 30% – 50% plus 10% GST. 2. 70% of companies offer salary-packaging. This is a benefit that can be provided to employees at no cost to the company. [...]
In today’s workforce the notion of employee loyalty is becoming increasingly apparent as employers are competing with each other to attract and retain the best employees. Research shows that companies that don’t offer employee benefits will eventually pay the price and undoubtedly lose key workers to competitors in years to come. So, how do [...]
Up until 2008, Salary sacrifice was seen as the number one way to show staff that they mattered to a business – and prior to 2008, hundreds of thousands of Australian workers chose to use salary sacrifice as a means to get computers and notebooks at a large discount. So what went wrong? The Fringe [...]
Taxpayers Australia Inc. http://www.taxpayersassociation.com.au 04 August 2011 Salary sacrifice can be a great way for your employees to get a part of their remuneration in a form other than cash, where they agree to take part of their wage as a benefit of some kind, equal in value to the salary it is exchanged for. Having [...]
Taxpayers Australia Inc. http://www.taxpayersassociation.com.au 29 July 2011 Salary sacrifice can be a great way to get a part of your remuneration in a form other than cash – and not personally pay tax on it. This is where you agree to take part of your wage as a benefit of some kind, equal in value [...]
John Scorza www.shrm.org Society for Human Resource Management 1 April 2011 The American workforce is growing more dissatisfied and disloyal. Companies that fail to respond to those trends are likely to pay a high price. When the job market improves, those companies will lose key workers to competitors—and suffer from reduced employee productivity. “We are [...]
Derek Irvine Recognize This! – Measuring employee engagement and employee satisfaction are not the same thing. What’s the point of employee engagement? Why not just measure good-old trusty employee satisfaction? Have you ever been asked (or asked yourself) these questions? The answers are many. 1. Employee engagement is a “better metric and more strongly related [...]
By Jon Bird Legend has it that only two people in the world know the secret recipe for Coca-Cola, and that corporate policy bans them from flying in the same plane together, for fear of the formula being lost forever. The directions for Kentucky Fried Chicken’s “11 secret herbs and spices” are also closely guarded. [...]
Preston Diamond, Managing Director and Co-Founder, Institute of WorkComp Professionals Manufacturing.Net – April 26, 2011 Healthier employees lead to lower premiums, according to numerous studies. If companies can help their workers improve their health without cutting benefits or shifting more premium costs to employees, where is the downside? After all, Fortune 1000 companies have been [...]
www.thewisemarketer.com While American consumers earn approximately US$48 billion worth of loyalty points and miles each year, a surprising one in three reward points goes unused, according to a study into the perceived value of loyalty programmes published by Colloquy and Swift Exchange. The ’2011 Forecast of US Consumer Loyalty Program Points Value’ study found that, [...]