Salary Packaging With An HR Focus
When you’re employing a new member of staff, it’s important to ensure that you are willing to pay market rates so that the best candidates are attracted to your organisation. As HR consultants, we constantly research the market to ascertain what pay levels apply to each market sector and state, so that we can advise you on an appropriate salary package. We are also able to establish the correct salary level for existing employees, so that salaries are kept fair and equal amongst your staff. We look at the total salary package including cash, car and superannuation components.
Bonuses & Incentives – HR Management
Establishing a financial reward system for your staff is an essential part of the HR function. Some bonus schemes are extremely complex, however it is always advantageous to give performance incentives. When sales targets are met or even exceeded, a bonus scheme can really help you keep your staff highly motivated. Other benefits such as salary sacrifice for motor vehicles or technological equipment as well as superannuation play a large role in staff retention.
For assistance with salary packaging, please contact us