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How to build a strategic HR planning checklist

Beginning the process of strategic HR planning needs careful attention because when it’s done well, human resource forward thinking is a valuable process which will ensure that the employees you currently have, match well with the tasks which need attention, integrate into your company and culture, and feel at home. Also known as workforce planning, strategic HR planning is about matching your people to your overall business objectives. 

Properly managed human resource planning goes beyond the now and forecasts future labour demands within an organisation. It’s a continuous process of systematic planning which takes place to help an organisation achieve the best use of their workforce. 

At first glance, human resource planning sounds quite simple but it’s a precise art and one which can vary from organisation to organisation because a company’s goals and objectives need to be taken into account and no single company’s goals are the same.

These processes, plans and systems assist businesses to sift through the ‘maybes’ and learn to anticipate workforce variations instead of living in a constant state of surprise, or making up the HR strategy as you go!

Why care about HR planning? Forecast demand. Accomplish shared goals. Increase your bottom line. Retain employees.

Strategic HR planning comprises four comprehensive steps

When creating a human resources plan, these are the main considerations for any HR professional. The four steps which are integral in any human resource planning are all important but one of them is vital. That point is forecasting demand. Without covering one of the steps, you cannot achieve the overall goals of the strategy. Start with broader goals narrow them down to strategies, evaluate your business, and build a workforce that will grow alongside your business. 

Before getting results, businesses need not only a clear picture of their company but a good understanding of several other factors before they can put their plan into action. 

Think about this in actionable terms. If your company currently has fifty employees but you expect to double in size over the next five years, how will you maintain your culture? How will you encourage an atmosphere of learning and growth? Can your staff keep up with the technological changes and your company objectives of the future?

 

STEP 1: Analyse company objectives and HR needs

What gives one company a record of success with human resources while others do not have a strong reputation? Much of this is due to a strategic planning effort on the part of the organisation.

Strategic aims within an organisation must be aligned to human resources practices in order to ensure that a human resources plan is as effective as it can possibly be. For example, FedEx is a corporation with a track record of success in their industry and among customers. They obtained this reputation with a clear focus on strategic aims. They even follow the philosophy “People-Service-Profit” for every employee, customer, and stakeholder. Employees are trained to follow this philosophy and their feedback is collecting annually for consideration.

Moving forward with analysing your company objectives next to HR needs involves asking yourself some questions. It also should include C-suite executives, managers, and HR team members. Questions to ask include what growth or decline is expected? How might this impact the workforce? What are predicted sales for the forthcoming year?

Goals need to be shared; CEOs should be on the same page as HR professionals so that the focus on human resources is fully embraced by all of the people involved in the planning. Some ways to invest all people in the creation of the strategic plan include: 

  • Incentivising staff members to give honest opinions
  • Allowing an open forum between staff members at different organisational levels
  • Reverting back to the mission statement or vision in all organisational goals
  • Focusing on the expected growth of the business

The human resources plan should cover every part of a businesses from sales to expansion, from recruitment to training. An excellent way to ensure that everyone is on the same page is to implement a strategic plan for human resources to utilise.

This plan should include factors such as upcoming retirements, staff who will be undertaking further training which will advance their skills and any other factors which will affect the future of your workforce. 

ACTION – Create a strategic plan for HR and ensure it aligns with company objectives. Consider using cloud-based HR solutions to centralise and save valuable time.

It costs $5,000 AUD to replace an employee

STEP 2: Determine recruiting strategy and evaluate current human resources

Recruitment strategy is a powerful tool when well implemented. Consider Starbucks; this is a company ranked at 120 on 2022’s Fortune 500 and with projected growth of global and U.S. comparable store sales between 7% and 9% year over year until 2025. 

How does a company this massive, even begin to successfully manage their human resource plans?

A vital aspect for Starbucks is their recruitment strategy which targets potential employees who are ‘on-brand’ and who pass a carefully structured interview process. Starbucks also put a lot of energy into employees’ well-being and as a result, the company have an extremely low turnover in staff. Their somewhat unusual practices are working extraordinarily well and have been for many years.

Starbucks is a large company with operating goals that are a struggle to implement. Yet, they focus on their goals and design targeted programs that eventually lead to the desired result. By treating people as their biggest resource, Starbucks has lowered employee turnover while building a booming brand.

You can begin by looking at the number of people currently employed, taking into account their skills and potential for future development, you should be able to determine which positions will need to be filled in future. Creating a profile for your ‘ideal employee’ which covers the gamut of openings within your business will also ensure your staff turnover is lowered.

Digitising employee onboarding can be a powerful way to not only cut the costs of recruitment, retention and management, but can also help your employees to feel more empowered and engaged.

Also consider which jobs will be created or phased out, how can the new positions best be filled? A performance evaluation strategy can help here as you review your employees’ performances. Cost-effectiveness of external hiring depends on the position you are filling, your current workforce, and required training costs for your team. 

Once your plan is in place you can implement the best options for recruiting the best people for future gaps in the workforce. Hiring before the skills are highly sought out can get you ahead of the competition with employee selection. Always look internally at the potential growth of your current employees.

ACTION – Create a performance evaluation strategy and implement it across the organisation.

STEP 3: Predict need

This is the practice of estimation. Looking at the potential numbers of future employees in an organisation and ensuring that they are of the best quality. It’s not an exact art. There is some estimation involved and because of this, it’s quite challenging. Gathering the data needed to predict the future of your workforce is tricky in itself and involves both statistical data and ordinary observation. Utilise data you already have access to including predicted sales and slumps. A few established ways to predict need would be to:
  • Check out industry trends
  • Track the economic forecast for your product and country
  • Assess company sales and historical growth numbers
  • Know the common trends that occur within your individual sales cycle
 

ACTION – Gather statistical data to predict the future staffing needs of the business

STEP 4: Planning training and development

The previous steps will show you where, if at all, there are gaps. Will there be skills shortages within your workforce? Do you need to implement training for certain individuals now to ensure that you have the right workforce in place at the right time? Upcoming retirements for example can necessitate further training for individuals on lower rungs. This also serves as an opportunity to develop some of your more stellar, but lower-level staff members. 

Some changes can’t be predicted; long-term illness for example and employees changing careers or the shifting needs of their families can all impact your team but there’s no effective way to predict these changes. You can however forecast some variables and these should be carried out with care. 

Ensure that you keep records of the skills your workforce currently have and update them as the staff receive further training and development. An aspect of Human Resource planning would be to invest in the proper training of staff, enabling your team to feel confident in spearheading programs, and building a business able to handle the future. Knowing the current gaps in your workforce can propel you toward a fully-prepared future.

ACTION – Carry out strategic forecasting to ensure that the company is well prepared for future changes.

Boost your employer brand and attract top talent with our EVP Cheat Codes

STEP 5: Build out your EVP

As the employment landscape becomes more competitive, and the fight to attract and retain workers is subject to a range of post-pandemic economic pressures, companies need to consider what matters most to their potential hires. Companies with a strong employee value proposition (EVP) seek to identify and align with their employees’ needs and values across workplace benefits including flexible working, career development opportunities, competitive salaries, and expanded benefits packages.

Using an EVP in job postings

At a time when digital portals are clogged with posts and offers, strategically including your EVP in your job ads can help you stand out from the competition. Begin with language that talks about your company’s unique culture, values, and benefits. This can help job seekers understand what makes the company different and why they should want to work there.

Mastering job ads

Structure, placement and guidelines that work Job boards don’t just randomly post ads on their platform — they consider many different factors when deciding where (and how far up the page) to place them. And, although there may be some differences from site to site, the following elements constitute best practice.

Syndicated content

Digital content syndication is a powerful way to get brand cut-through with your EVP. It involves distributing or republishing your own content like articles, blog posts, videos or infographics through third-party websites, social media platforms and other channels. Digital content syndication can expand your reach and attract new audiences, all while showcasing your unique value proposition and building brand awareness. Content syndication can also position your brand as a thought leader in your industry — something that can be leveraged for both sales and talent acquisition.

Novated leasing as a pay boost

Emerging businesses don’t necessarily have the budget to spend on meal services and other costly benefits that have traditionally acted as drawcards for employees at larger companies. But novated leases, FBT-exempt mobile phones, employee discounts at local stores and other in-kind benefits can increase pay packages for your employees and potentially save you money on payroll tax. These benefits are meaningful ways to reduce the out-of-pocket expenses of your employees, especially during times of inflation and financial stress. Novated leasing in particular allows employees to lease a car for private use, with payments deducted from their pre-tax salary. This helps employees save money on their private vehicle expenses while supporting their work-life balance. What’s more, employers can benefit from novated leasing by claiming GST on most associated running costs.

ACTION – Build out your EVP with our free cheat codes.

How to build a strategic HR planning checklist infographic

Small businesses: How to compete with the big players for top talent

Small businesses often face significant challenges when competing with larger companies for top talent. Limited resources, a lack of growth opportunities, and limited brand recognition are just a few of the obstacles that can make it difficult for small businesses to attract and retain the best employees. Moreover, the current cost of living crisis only exacerbates these challenges, as employees struggle to maintain their quality of life amidst rising expenses.

In today’s competitive job market, small businesses need innovative solutions to compete with big business for top talent, and we’re excited to be leading the way. Our workplace solutions offer small businesses a range of innovative tools to address common talent challenges, especially during the current cost of living crisis. By providing cost-effective salary packaging solutions and compelling employee benefits packages, small businesses can compete more effectively with larger companies for top talent. We’ve put together several low-cost methods to bolster your brand, put you in front of more top candidates, and give you meaningful cut-through.

Innovative salary packaging solutions

One of the biggest challenges small businesses face when competing for top talent is limited compensation and benefits packages. Flare’s innovative salary packaging solutions can help small businesses offer competitive salary packaging that appeal to employees, at no cost. Our car novated leasing program, for instance, provides employees with a cost-effective way to finance a new car through pre-and-post-tax salary deductions. This can help alleviate the financial burden of purchasing a car, especially in the current cost of living crisis. Additionally, Flare’s electric vehicle (EV) novated leasing program can help businesses promote sustainability and reduce the carbon footprint of their employees, which is an increasingly important consideration for many job seekers.

Lead the way with Electric vehicles

In recent months, thanks to generous new legislation, novated leasing on electric vehicles has become an increasingly affordable option for businesses looking to offer sustainable transport options to their employees. This provides a significant opportunity to offer considerable tax savings to attract, engage and retain staff, and minimise payroll tax, while also taking a leadership position on sustainability. All at no cost to your business. See how Melbourne driver Danny was able to drive away in a brand new Tesla model Y thanks to his employer and Flare. 

Free employee benefits

Another key aspect of attracting and retaining top talent is offering compelling employee benefits. Flare’s employee benefits platform provides small businesses with access to a range of discounts and cashback offers on everyday expenses such as groceries, retail, and entertainment – at zero cost to your business. By providing employees with these savings opportunities, businesses can help alleviate financial stress and improve overall job satisfaction. In fact, a family of four could save over $650 a year on food* with Flare’s grocery and retail discounts. This can also help small businesses differentiate themselves from competitors and enhance their employer brand.

Crack the code with our EVP Cheat Codes

As the employment landscape becomes more competitive, and the fight to attract and retain workers is subject to a range of post-pandemic economic pressures, small businesses need to consider what matters most to their potential hires. Companies with a strong employee value proposition (EVP) seek to identify and align with their employees’ needs and values across workplace benefits including flexible working, career development opportunities, competitive salaries, and expanded benefits packages.

We’ve put together the top cheat codes to help you build an Employee Value Proposition (EVP). From understanding the employee of the future, to mastering job ads and syndicated content – we’ll show you how to attract and retain the right people for your small business.

*Savings based on annual grocery and eating out costs discounted at 3% and 5% respectively.

3 ways your business can stand out with electric car Novated leasing

40% of Aussies say they’d get an Electric car (EV) if subsidies assisted the initial purchase price*. Furthermore, thanks to generous new legislation, electric car novated leasing has become a more affordable option for businesses looking to offer sustainable transport options to their employees. In addition, a workplace benefit called novated leasing enables employees to lease a car using their pre-tax and after-tax income, potentially offering big savings. Today we’ll explore the benefits of Novated leasing Electric cars and how businesses can stand out by offering this benefit.

Why Novated leasing an electric car is a smart choice

Electric vehicles offer several advantages over traditional petrol or diesel vehicles when it comes to novated leasing. Firstly, EVs have lower running costs, making them an attractive option for both employees and businesses. We spoke to Melbourne driver Danny, who recently purchased a Tesla Model 3 through a Flare novated lease, about how his running costs have reduced thanks to his new vehicle. Secondly, EVs produce fewer emissions than petrol or diesel vehicles, helping businesses to reduce their carbon footprint.

According to the Electric Vehicle Council, the number of EVs on Australian roads has doubled in 2022 with more than 83,000 EVs currently on the road**, and this trend is likely to continue as the cost of EVs decreases and the availability of charging infrastructure improves.

See how Melbournian Danny drove away with a brand new Tesla.

3 ways your business can stand out by offering Novated leasing with electric cars

Attract and retain talent

Offering novated leasing on electric vehicles (EVs) can help businesses differentiate themselves from their competitors. It can also provide sustainable transport options for its employees, thereby increasing employee satisfaction and retention. Recent analysis from Deloitte found that nearly 2 in 5 Gen Z and millennials have rejected a job or assignment based on their personal ethics. So, by offering an employee benefit that supports their values, businesses can tap into the preferences of the next generation of workers who are increasingly interested in environmentally responsible employers.

Demonstrate support for employees’ financial wellbeing

EVs have lower running costs than petrol or diesel vehicles, which can save employees money in the long run. This is because EVs have fewer moving parts, require less maintenance, and have no fuel costs. Novated leasing provides employees with a cost-effective way to finance a car through pre-and-post-tax salary deductions, which could help alleviate the financial burden of purchasing a car, especially in the current cost of living crisis.

Demonstrate environmental responsibility

By offering novated leasing on EVs, businesses can demonstrate their commitment to sustainability and reducing their carbon footprint. This can be an important factor for customers and investors who are increasingly looking for environmentally responsible businesses to support.

Attract and retain top talent with novated leasing Electric cars

Electric vehicle and plug-in hybrid adoption in Australia is set to explode. With the introduction of no Fringe Benefit Tax (FBT) tax for eligible electric vehicles through a novated lease arrangement, these vehicles are more accessible than ever. For businesses, this is a significant opportunity to offer considerable tax savings to attract, engage and retain staff, while also taking a leadership position on sustainability. At no cost to your business.

  • Meet the demand for EVs 40% of Aussies say they’d buy an EV if subsidies assisted the initial purchase price. With the introduction of no FBT on eligible EVs and PHEVs only through a novated lease, employees will be seeking employers who proactively offer this benefit.
  • Give your employees’ salaries a boost, at no cost With no FBT on eligible EVs and PHEVs, you could save your employees on average $9k per year at no cost to your business.***
  • Simplify your balance sheet with no FBT With no FBT to pay on eligible EVs and PHEVs, simplifying your balance sheet.
  • Take leadership on sustainability You’ll be leading the transition to EVs, and demonstrating innovation and a commitment to sustainability.
*https://electricvehiclecouncil.com.au/news/australians-ready-to-embrace-electric-cars-and-want-their-pollies-to-back-the-switch-poll/
**https://electricvehiclecouncil.com.au/2022-australian-electric-vehicle-industry-recap/
***Flare comparison data between ICE Mazda CX5 vs. EV Tesla Model 3 on 50 month lease term, 15,000kms pa

Flare’s car picks of April

If you’re in the market for a new car, Novated leasing could be an excellent option to save money on a car purchase and running costs. It’s one of the cheapest ways to buy and own a car, and thanks to generous legislation regarding electric vehicles, you can even go green for much less than you’d think! We’ve taken a closer look at some of the most popular cars available for novated leasing in Australia and asked our team to share their insights on the Ford Ranger, Tesla Model 3, Mazda CX-5, and Mitsubishi Outlander. Whether you’re in the market for an adventure vehicle, an eco-friendly sedan, a versatile SUV, or a capable mid-size SUV, we’ve got you covered. So, let’s dive in!

Mazda CX-60

Experience the ultimate in SUV driving with the Mazda CX-60 PHEV. This impressive vehicle offers exceptional beauty, with purity of design and surfaces that reflect light. It is powered by a four-cylinder engine, delivering 241 kW and 500 Nm of torque, and a 76km electric vehicle range. It also features Smart Brake Support, Blind Spot Monitoring and a 10.25-inch full colour widescreen display (Mazda Connect). With 18-inch grey metallic alloy wheels and a 50L fuel tank capacity, the Mazda CX-60 PHEV offers the ultimate SUV driving experience.

Features include:

  • Cutting-edge facial recognition technology automatically adjusts the car settings to your ideal driving position for optimum comfort and safety.
  • Electric driver and passenger seats feature 3-stage ventilation at the front and 3-stage outer heating at the rear.  
  • Interiors feature nappa leather trim, maple wood and an instrument panel finished with Kakenui stitching, adding depth and charm to the interior.

The Mazda CX-60 PHEV offers a harmonious blend of beauty, power, and innovation. Its stunning design, powerful engine, and advanced features make it a top contender in the SUV market. With cutting-edge technology, luxurious interiors, and impressive fuel efficiency, the CX-60 PHEV delivers a driving experience like no other.

Tesla Model 3

The Tesla Model 3 is an all-electric, mid-sized sedan that offers impressive performance, cutting-edge technology, and a sleek, minimalist design. With a range of up to 547km on a single charge, the Model 3 is not only efficient but also fun to drive, thanks to its instant torque and responsive handling. The interior of the Model 3 is equally impressive, featuring a large touchscreen display, an advanced autopilot system, and a spacious, open cabin with comfortable seating for up to five passengers. Whether you’re a tech enthusiast, a performance aficionado, or simply looking for a stylish and eco-friendly ride, the Tesla Model 3 is definitely worth considering.

Other features include:

  • Dual motor all-wheel drive
  • 20” Überturbine Wheels
  • Performance brakes for total control in all weather
  • Carbon fibre spoiler improves stability at higher speeds

The Tesla Model 3 is the future of driving. With its advanced autopilot system, large touchscreen display, and spacious cabin, this car offers a driving experience unlike any other. And with a range of up to 547 km on a single charge, you can go further than ever before without stopping to refuel.

Mazda CX-5

The Mazda CX-5’s sleek new front-end design captures both the eye and the imagination, featuring a signature wing that extends outward from the 3D textured grille. Its Kodo Design principles are reflected in the minimization of character lines in favour of surfaces that play with light. With next-generation technology, the CX-5 ensures a smooth and quiet ride for passengers, complemented by comfortable seats that support the S-curve of the spine. Whether you’re commuting to work or embarking on a long road trip, the CX-5 is designed to provide a comfortable and enjoyable driving experience.

Features include:

  • The Mazda CX-5 features advanced safety technology, including i-Activsense, which includes features like adaptive LED headlights, blind spot monitoring, and rear cross traffic alert, among others.
  • The CX-5 offers a premium driving experience with a refined interior, SKYACTIV Technology for superior fuel efficiency, and a range of engine options to suit different driving needs.
  • The CX-5 has a stylish and sporty exterior design, with a sleek profile and bold front grille, as well as a range of customizable options for both exterior and interior trim.

Looking for an SUV that's versatile, practical, and fun to drive? Look no further than the Mazda CX-5. With its range of engine options and advanced safety features, the CX-5 offers a premium driving experience that's hard to beat. And with its sleek exterior design and customizable options, you can make it truly your own.

Mitsubishi Outlander

The next generation Outlander is a revolutionary SUV that boasts cutting-edge features and rally-bred performance ingrained into its DNA. Its powerful presence, impressive stance, and state-of-the-art technology are designed to inspire confidence on any journey. With a bold and striking appearance, the Outlander is built to impress and equipped with the latest technology to provide a superior driving experience. Whether you’re cruising around town or venturing off-road, the Outlander’s impressive features and performance make it a top choice for those seeking a truly exceptional SUV.

Including:

  • The Outlander comes standard with a variety of safety features, including forward collision warning, automatic emergency braking, lane departure warning, and adaptive cruise control.
  • The Outlander is a mid-size SUV, which means it’s larger than some of its competitors. It has three rows of seating, making it a good option for families or those who need to transport a lot of passengers.
  • The Outlander has a modern design that is both sleek and functional. It’s available in a variety of colours and trim levels, so you can customise it to your liking.

The Mitsubishi Outlander is a great choice for anyone looking for a mid-size SUV that is both reliable and efficient. With advanced safety features and three rows of seating, it's the perfect family vehicle. Plus, its sleek design and customizable options make it a stylish addition to any driveway.

MG ZS

The MG ZS is a great option for those looking for a stylish and affordable SUV. Its standard 1.5-litre four-cylinder engine provides a reliable and efficient ride, while higher trim levels offer an even more powerful turbocharged engine. The ZS also boasts a modern and well-designed interior, complete with a standard 8-inch infotainment screen and push-button start. Despite its smaller size as a subcompact SUV, the ZS still offers plenty of cargo space and seating for up to five passengers. Its sporty and stylish design is available in a variety of colours and trim levels, allowing you to customise it to your liking. Overall, the MG ZS is an affordable and practical SUV that is perfect for those looking for a reliable and stylish ride.

Features:

  • The ZS comes standard with a variety of safety features, including forward collision warning, automatic emergency braking, lane departure warning, and adaptive cruise control.
  • The ZS is a subcompact SUV, which means it’s smaller than some of its competitors. It has plenty of cargo space and room for up to five passengers.
  • The ZS has a sporty and stylish design that is both eye-catching and functional. It’s available in a variety of colours and trim levels, so you can customise it to your liking.
  • The ZS is a very affordable SUV, with a starting price that is lower than many of its competitors.

The MG ZS offers a stylish and affordable option for those in search of a practical and reliable SUV. With its modern design and advanced safety features, it provides a comfortable and enjoyable driving experience without breaking the bank.

A Flare Novated lease could get you in the car you want, now.

These five popular cars available for Novated leasing give buyers who want to step up their driving game a lot of options. Our team is here to help – our car experts know a lot about all kinds of models, including plug-in hybrids and electric vehicles. With a Flare novated lease, you’ll be helped by a car concierge, and we’ll take care of everything, from finding you a new car to bringing it to your door. You can also get better prices on vehicles because Flare has a lot of buying power. Our team of experts does all the hard work to negotiate on your behalf and get you great deals on both new and used cars in our fleet network.

The 5 best cars that will make your next road trip a guaranteed adventure

Are you looking for the perfect vehicle to take your friends or family on an epic road trip? Look no further! We have compiled a list of five of the best family cars that will make your next journey one to remember. From luxury SUVs with plenty of space to efficient EVs that save on fuel, these cars are sure to provide all the amenities and features needed for a comfortable ride. With our top picks, you can enjoy a worry-free vacation knowing that your trusty car has got you covered. So buckle up and get ready—it’s time for an adventure!

MG 3

The interior of the MG 3 is the perfect combination of sporty and refined, with tartan fabric trim and contrast stitching that gives it a unique look. And when you hit the road, you can keep your hands tapping on the steering wheel because the reliable torque-convertor automatic transmission does all the hard work. Plus, with 307 litres of spacious boot space, road-tripping with your friends has never been so easy. The leather-stitched steering wheel and 8″ touchscreen infotainment system with Apple CarPlay© make it easy to stay connected and entertained while you’re on the road. And with standard LED ‘London Eye’ daytime running lights, you’ll always have a stylish look that turns heads. Plus, the Yamaha 3D Sound Field gives you the ultimate audio experience, making this car perfect for anyone who loves music.

Mini Hatch

When it comes to road trips, the Mini Hatch is the perfect choice for those who want to hit the open road in style. With 4 different colours to choose from and 2 bonnet stripes options, you can personalise your Mini to your heart’s content. And it’s not just about looks – the Mini Hatch is built for performance too. With 16′ alloy wheels available in two different styles and run-flat tyres, you won’t have to worry about getting stuck on the side of the road. The Union Jack taillights and LED headlights also provide excellent visibility and give the car a distinctive look that’s sure to turn heads. And with roof rails in matte black, you can bring all your gear along for the ride. The interior is equally impressive, with comfortable cloth/leatherette sport seats and a sleek piano black interior surface. All in all, the Mini Hatch is the perfect car for anyone who wants a stylish, practical, and fun ride on their next family road trip.

Toyota Camry 

The Toyota Camry is the perfect sedan for any family road trip, offering a unique blend of comfort, safety, and performance. Equipped with a more powerful 4-cylinder petrol engine, producing 152 kW, the Camry has ample power to tackle any highway or mountain pass. Its intelligent Toyota Safety Sense technologies enhance safety features, giving you peace of mind while on the road. The connected technology is designed to connect you to help in the event of an emergency, making it a reliable and safe choice for long journeys. All in all, the Toyota Camry is a top choice for individuals looking for a safe, comfortable, and efficient car for their next road trip.

 

 

Tesla Model 3

The Tesla Model 3 is an electric sedan that offers a unique and exciting driving experience, making it a great choice for road trips. With a range of up to 358 miles on a single charge, the Model 3 provides reliable long-distance travel. The instant torque and responsive handling make for a smooth and engaging ride. The interior of the Model 3 is spacious, comfortable, and modern, with a large touchscreen display that provides easy access to entertainment, navigation, and climate control. The advanced autopilot system allows for a safer and more relaxing drive, and the seating accommodates up to five passengers comfortably. Whether you’re a tech-savvy enthusiast or simply looking for an eco-friendly and stylish ride, the Tesla Model 3 is the perfect choice for your next family road trip.

Mazda CX-5

The Mazda CX-5 is the ideal SUV for your family road trip, offering a versatile and comfortable ride. Its standard 2.5-litre, four-cylinder engine delivers impressive power, while higher trim levels offer even more performance for those who love a thrilling drive. With excellent fuel economy of up to 25 city/31 highway mpg, you can enjoy a long road trip without constantly stopping for fuel. All-wheel drive is available on all models, which provides better handling in slippery conditions, making it a safe choice for the whole family. The CX-5’s interior is designed to keep your family comfortable, with features like a standard 7-inch infotainment screen to keep everyone entertained, push-button start for easy access, and available leather seats for added luxury.

Save on family cars with a novated lease

Cars are one of our biggest household expenses, yet many of us haven’t been exposed to the significant savings and convenience that a novated lease can offer. It’s one of the cheapest ways to own and run your car. By salary packaging your car with a Flare novated lease, you could enjoy significant tax savings as well as GST savings on your car purchase, fuel, tyres, servicing and maintenance.

Our fully digital novated lease process is completely paperless from start to finish, making it faster, easier, and better for you and the environment. You’ll be supported by a Flare cars concierge, and we’ll manage every step of the process, from trading in a car, to sourcing a new one, and having it delivered to your door. Furthermore, our Flare car experts have an extensive understanding of all cars, including electric vehicles and plug-in hybrids. 

Electric vehicles: Why the best time to act is now.

The future of clean, green motoring is here – and it’s time to take the plunge into the world of electric vehicles (EVs). Australia is leading the way in this exciting shift towards sustainable transport, and now more than ever, we have fantastic options for those looking to upgrade their existing car with an EV choice. With current generous government incentives such as the FBT (Fringe Benefits Tax) exemption, plus all-new models hitting the market, there has never been a better time to embrace clean energy transportation. Whether you’re a driver wanting a vehicle that will save you money on fuel costs, or an environmentalist looking to make the world just that bit greener each day; investing in an EV may be the perfect next step.

How much do electric vehicles cost?

As of November 2022, new EVs and PHEVs* purchased after July 1st, 2022 and priced under the luxury car limit of $89,332 are exempt from FBT. This tax exemption gives employees the opportunity to salary package an EV from their employer to enjoy a sizeable tax benefit.

Here’s a few things to note:

  • To be eligible for the exemption, the car must be classified as zero or low emissions, i.e. battery electric vehicles, hydrogen fuel cell electric vehicles and plug-in hybrid electric vehicles.
  • The bill applies to fringe benefits on an eligible vehicle that is first held and used on or after 1 July 2022.
  • The EV must be priced under $89,332, the luxury car tax threshold. 
  • If the EV was purchased before 30 June 2022 but wasn’t delivered by this date, it might still be eligible for the exemption.
  • The FBT exemption can also apply to second-hand electric cars as long as they are considered a car for fringe benefits purposes**

Before this bill was passed, you would have expected to pay 20% of the FBT base value of the vehicle as a post-tax deduction from your salary. Now, with this change, the total amount is calculated and deducted before-tax so you, as the employee, is not paying any FBT or income tax on your new eligible EV or PHEV. In a nutshell, if the EV price is under $89,332, you can get that vehicle on a novated lease completely tax-free and the government has projected potential savings of $4,700 for employees based on a $50,000 EV. 

Which electric vehicles are available in Australia?

For anyone in the market for an electric vehicle, it can be quite confusing to understand which vehicles are eligible for which state and federal incentives. At the time of writing, there are 36 fully electric models from 18 different car makers available in the Australian market. We took a look at the top ten EV’s available in Australia and which incentives they’re eligible for. From the starter Hyundai Konda (starting at $29,490) all the way up to the luxury Kia EV6 – ‘Wheels Car of the Year 2022’ and 2022 ‘Carsales Car of The Year’ we take a look at each model and which governmental incentives they are eligible for. 

 

“Generous new exemptions have opened up electric vehicle ownership to a whole new cohort of Australians."

How do electric vehicles work? 

Electric vehicles (EVs) are cars or other vehicles that are fully or partially powered by motors that run on electricity rather than liquid fuels. There are currently four main types of EVs: fully electric or Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs) and Fuel Cell Electric Vehicles (FCEVs).

What are the differences between BEVs, PHEVs, HEVs and FCEVs?

  • Battery Electric Vehicles (BEVs) are fully-electric cars, meaning they do not have a petrol, diesel or LPG engine, fuel tank or exhaust pipe. BEVs are also known as ‘plug-in’ EVs because they use an external electrical charging outlet to charge their batteries. Since they don’t produce any harmful emissions, they are classified as ZEVs (Zero Emission Vehicles).
  • Plug-in Hybrid Electric Vehicles (PHEVs) are powered by both electricity and liquid fuel. They are plugged in to charge the battery and use a liquid fuel engine when the electricity is depleted. PHEVs are also called LEVs (Low Emission Vehicles) since their exhaust emissions are lower than similar liquid vehicles.
  • Hybrid Electric Vehicles (HEVs) recharge their batteries without plugging in. They use regenerative braking to convert kinetic energy into electricity and recharge the battery. Hybrids are also classified as LEVs.
  • Fuel Cell Electric Vehicles (FCEVs) use hydrogen and oxygen to generate electricity through a chemical reaction in a fuel cell. FCEVs provide a greater range than batteries or supercapacitors, which power BEVs. Since they only emit water vapour and warm air, they are also considered ZEVs (Zero Emission Vehicles).

How much does it cost to charge your electric vehicle?

Leading electric vehicle websites and EV charging station operators suggest that the cost of charging an electric car relies on three primary factors: the location of the charging, whether it is at a commercial station or home, the type of charging station utilised, and the battery size of the electric vehicle.

While it is relatively straightforward to calculate your petrol usage, the formula for calculating energy usage for an electric vehicle is a bit more complicated – EV Battery Size (kWh) x Electricity Rate ($ per kWh) = Charging Cost ($). The specificities of how much an electric vehicle would cost to charge rely on the model and battery model. To make it even cheaper, you can use your charger off-peak, or make use of solar panels to reduce your footprint. 

Don’t forget to consider the cost of the charger, too. AGL have electric vehicle chargers priced from $1399 all the way up to $1899, excluding installation costs. 

 

Did you know that with a Flare EV Novated lease you get:

  • The car you want, now. You don’t need a deposit, just a refundable order fee, plus our team will help you source your new car and organise a test drive.
  • The best pricing. Benefit from Flare’s buying power and save yourself the hard work. Our car experts negotiate on your behalf and secure the best EV and hybrid deals for you.
  • Save on tax and running costs. Enjoy significant tax savings and less GST on your car purchase, electricity mileage, servicing and maintenance.
  • Easy budget management. Avoid hidden expenses and spread your bills throughout the year by bundling up your finance and running costs like electricity mileage, servicing, maintenance and rego into one convenient monthly payment.

 

*The legislation includes a sunset clause on PHEVs – they will be exempt from FBT before the 1st of April 2025.

**For fringe benefits tax (FBT) purposes, a car is any of the following: a sedan or station wagon, any other goods-carrying vehicle with a carrying capacity of less than one tonne, such as a panel van or utility (including four-wheel drive vehicles) or any other passenger-carrying vehicle designed to carry fewer than nine passengers.

The top four benefits employees are demanding in 2023

In today’s highly competitive job market, a comprehensive benefits package is one of the most powerful ways you can set your business apart from others. Finding out what the most popular benefits are, what your competitors offer, and most importantly, what your own employees need, is key. We look at some of the current trends in employee benefits in 2023 and how you can tailor a package to attract the best people to your team and keep them there for longer.

Why do employee benefits matter? 

The tight labour market is posing a major talent acquisition challenge for HR leaders and business owners in 2023.

For employees, rising mortgages, escalating rents, higher grocery bills and the increased cost of running a car are top of mind. Being part of a healthy workplace culture, and having access to flexible and remote work and meaningful wellbeing programs are equally pressing concerns.

Unfortunately, as an employer, managing a business during tough economic times can involve cutting expenditure and operating under a tighter budget. This means that you need to “do more with less” and come up with innovative and affordable ways to meet employee needs that go beyond simply increasing pay.

Benefits like salary packaging, car leases, goods and services discounts and access to financial and health-related wellbeing programs can go a long way to provide employees with a way to ease economic burdens and improve their lifestyles.

What benefits are job-seekers and employees looking for in 2023? 

We look at a range of benefits that are sought after by employees, are easy for you to create and administer, and come at little or no added cost to your business.

1. Salary packaging

Salary packaging or salary sacrificing gives your employees access to phones, motor vehicles, work related insurances, entertainment, portable electronic devices, self-education and retail discounts (to name just a few potential benefits) by way of a pre-tax deduction.

Research shows that the demand for salary packaging is on the rise. In fact, when EY and Flare surveyed 7,000 Aussie workers, they found that three quarters would take up a financial benefit like salary packaging if it was offered. 

Owning a car is one of Australians’ biggest household expenses, and offering a car salary packaging benefit through a novated lease gives your employees a way to free up disposable income without costing your business. 

With fuel, registration, insurance, and maintenance included, car salary packaging offers a cost-effective way for employees to finance their vehicles and manage ongoing expenses with pre-tax dollars and lessen their tax liability as a result. 

On average, Flare leaseholders have saved a substantial sum of $6,000 a year in tax and car running costs*. An added benefit is that they can choose a car to suit their budget, whether it’s new, used or one of the latest models of hybrid or electric vehicles (EVs).

As Flare customer Healius has found, novated leasing can also give staff a compelling reason to join or stay with you. The business is currently experiencing a retention rate of 98% for employees with a Flare novated lease as part of their salary package.  

2. Discount and wellbeing employee benefits

Discounts on products and services, especially ones that your employees already regularly buy, can help with weekly shopping budgets and make their pay packets go further.

An employee discount scheme isn’t only a welcome money saver for your staff, but it also allows you to provide valuable benefits without having to shoulder additional costs or pay anything out-of-pocket.

Flare offers a free benefits and perks platform for your entire workforce, giving them access to cheaper groceries and petrol, clothing and electronics, and entertainment and leisure activities from a whole host of Aussie retailers and wellbeing brands.

3. Remote access to employee benefits 

Pandemic-related pressures have led to a very different way of working in 2023 with more and more Australians joining the ranks of hybrid, remote, or geographically flexible employees.

Importantly, how you make benefits available in these circumstances can affect the success of your program. Customised mobile and app-based HR solutions are saving the day by giving workers flexible options whether they’re in the office or away from it.

Skout Solutions is one employer using the Flare app to engage a diverse team that’s constantly on the go. “You can always put out an email with information about your benefits package, but our teams are often on the move, so we needed to find a way to make the information available at employees’ fingertips,” says Jac Dircks, Operational Analyst at Skout Solutions.

“I get a lot of positive feedback about the discounts and rewards that are available. Keeping the cost of living down by having a discount on everyday items makes a big difference for staff in the long run,” she adds.

4. Personalised employee benefits

Programs that offer only a few core benefits with limited appeal are being replaced with ones that provide a more aware, multigenerational workforce with truly useful and meaningful options.

In fact, the best perks packages that you can offer your employees should be designed with personalisation in mind and based on the unique wants and needs of a diverse employee pool.

Flare’s free benefit solution gives your employees choice with hundreds of discounts at over 9,000 locations across Australia and pre-tax savings on salary packaging, so there’s something of value for everyone.

Businesses can even add their own benefits to the app and employers like Skout Solutions have customised further by adding specific benefits like leave, EAP and events.

How to use benefits to attract and retain top talent

Forward-thinking recruitment and retention strategies are essential as job seekers continue to have leverage in a tight job market. 

A comprehensive benefits package can be one of the best and most cost-effective strategies to position yourself as an employer of choice and provide your employees with options they will value.

Learn more about how Flare can give you the edge in attracting and retaining top talent to your team through personalised and meaningful salary and benefits packages.