In the mining and resources (M&R) industry many organisations have implemented employee benefits programs to give them a competitive edge in the war for talent. But how do you know if you’re getting the best value from your existing employee benefits program and whether it will help attract and retain great employees?
M&R benefits
When it comes to salary packaging M&R employees sit in the Full FBT category. This is broken down into Concessional Taxed benefit items and FBT Free items. When salary packaging with an experienced salary packaging provider, M&R organisations can design a benefits program that offers both financial wellbeing and lifestyle benefits to their people. Packaged well, employee benefits programs could help employees enjoy a smaller tax bill and more disposable income – which has a positive impact on both their personal and financial wellbeing.
There’s a broad range of benefits available to employees including:
- Family & home – accommodation reimbursements, rental assistance, relocation costs, relocation to remote area utilities and employer-provided in-house childcare expenses
- Financial wellbeing – superannuation contributions, certain insurances, financial counselling fees and interest only investment loans
- Fly-in-fly-out (FIFO) – airport lounge memberships, parking and work related travel benefits
- Lifestyle – vehicle leasing and portable electronic devices
- Work related – memberships, subscriptions, education and home office related expenses
From ordinary to outstanding: bringing out the best in employee benefits
Maxxia is a specialist provider of employee benefits. We help Australian organisations deliver more value to your people, through competitive and measurable employee benefit programs.
At Maxxia we’re on a mission to enhance the impact of employee benefits for Australian organisations. Using proven methods to find the performance gaps in your program, we design employee benefits that bring genuine value, to you and your team, to your people and potentially your bottom-line. Our expert support and services are designed to help you be confident in taking action that drives results. Our goal is to ensure that you are measuring up to the best-in-class programs available.
Maxxia can measure the performance of your benefits program by performing a Benefits Assessment. This complimentary assessment benchmarks the effectiveness of your organisations program against other organisations, across different sectors and within your industry.
Offering great employee incentives helps improve employee experience, increases employee retention, does great things for your brand and assists with attracting the best talent to your organisation. If you want to know if you’re getting the most out of your employee benefits program download Maxxia’s Essential Guide to Benefits in Mining & Resources: How employee benefits can unlock loyalty in a remote workforce .
