Unlocking Employee Benefits: A Comprehensive Guide to Novated Leasing for Australian SMEs

Welcome to the future of employee benefits! Novated leasing is a game-changer for SMEs in

Australia, offering a unique way to enhance your employee value proposition. In this guide, we’ll

walk you through the steps of setting up novated leasing for your team, providing them with a perk

that goes beyond the ordinary.

Step 1: Embracing Novated Leasing

Understanding the Power of Novated Leasing

Novated leasing isn’t just about getting a new car; it’s a strategic move that benefits both employers

and employees. Dive into the world of novated leasing to grasp the potential it holds for your SME.

To understand more around the benefits of novated leasing for both the Employer and Employee

follow this link: Benefits of Novated Leasing

Step 2: Selecting the Right Partner

Navigating the Novated Leasing Landscape

During your exploration of novated leasing providers, it is crucial to identify a partner that resonates

with your company’s values. Seek out a collaborator renowned for their exceptional reputation,

transparent pricing structures, and a steadfast dedication to ensuring customer satisfaction. In doing

so, you can align your SME with a partner committed to delivering bespoke solutions tailored to your

company’s specific needs. It is crucial to find a service provider catering to the SME market.

Remember that Novated leasing, once primarily extended as a perk to large corporations and

government employees, is sometimes prioritised by certain companies over serving SMEs.

Step 3: Enlightening Your Workforce

Educating Your Team

Allow your Novated Lease supplier to host engaging information sessions or webinars to introduce

novated leasing to your company and employees. This will equip your team with the knowledge they

need to make informed decisions and take advantage of this exciting benefit.

Step 4: Embracing Employer Responsibilities

Formalising the Relationship

Once you’ve chosen a novated leasing provider, establish a solid agreement. Clarify the roles,

responsibilities and ensure a smooth collaboration. Your novated leasing provider should take care

of the heavy lifting and ensure minimum administration from for the Employer.

Step 5: Facilitating Employee Enrolment

Guiding Your Team Through the Process

Your novated lease supplier should be available on hand to assist your employees in navigating the

application process. They should offer support as they choose a vehicle that suits their needs and

aligns with eligibility criteria.

Step 6: Effective Communication Strategies

Spreading the Word

Internally communicate the novated leasing program to all stakeholders. Leverage various channels

such as emails, intranet, or team meetings to create awareness and excitement. Your novated lease

supplier should supply you with the relevant educational information which you can promote

internally to ensure your staff are aware of the perk! As well as this, the novated lease supplier

should offer onsite or virtual educational sessions with your staff. Lunch and learns are a great way

of doing this.

Step 7: Providing Ongoing Support

Guiding Your Employees

Select a provider that offers continuous support to employees participating in novated leasing. They

should be proactive in addressing any concerns promptly to ensure a positive and seamless

experience.

Step 8: Periodic Review and Improvement

Enhancing the Experience

Collect feedback from your employees periodically to understand their novated leasing experience.

Use this valuable input to make improvements and ensure the program remains competitive.

Provide this feedback to your supplier to ensure continuous improvement. A novated lease company

that has a proactive approach to this is a good one!

Conclusion: Elevating Your Employee Value Proposition

By following this guide, your SME can not only offer a unique and attractive employee benefit but

also streamline the novated leasing process for everyone involved. Embrace novated leasing as a key

element of your employee value proposition and stand out in the competitive landscape!