The work environment has changed so much in recent years that receiving a payroll at the end of the month for the work done It is not enough for the workers. This traditional and necessary link has been somewhat altered with the new job alternatives that have been emerging. Now, companies want to improve this economic consideration by adding more emotional and personal aspects.
And this happens because Talent is not satisfied with just a payroll at the end of the month. Your employees want to reconcile and have free time, they also want their company to value and recognize them and this is demonstrated with social benefits or flexible remuneration. In this ebook that Cobee presents to you, specialist in offering this type of services, they tell you how to improve the links between staff and company. In addition, you will learn how the company benefits from these plans and why your business will become much more attractive with them.
How could it be otherwise, in economically turbulent times, such as the inflation we are experiencing, problems and tensions arise within organizations. Businesses are suffering from the situation but, at the same time, they cannot ignore their most valuable asset: people. The staff are asking for a pay rise to cope with the rising prices, but the company finds itself against the wall as its profits are declining. How to reach a win-win situation for both parties?
The answer lies in flexible compensation
As they say in this ebook, salaries can be raised in times of inflation without this implying an extra expense for the employer. And the key is that they help reduce the annual tax burden.
As we have already seen in other articles, flexible remuneration is a type of remuneration that allows staff to allocate part of their gross salary to the consumption of certain products or services, at a lower price than the market price. When paying from this salary, the employee or employee avoid or reduce the corresponding personal income tax for such products or services. This translates into monthly savings, making the annual net salary higher.
According to data from Cobee, today, more than 70% of companies are committed to flexible remuneration as a way of improving the conditions of their employees. This kind of compensation has triple prize since it allows:
- Increase the net salary of employees without increasing salary costs and with a high impact.
- Improved motivation and well-being of the staff.
- Alternative where the crisis has prevented and prevents salary reviews.
With this mechanism, the salary is not raised directly, as we have seen, but products and services of habitual consumption are made available to the staff at a price below the market: Expenses on meals, public transport, nurseries, training, life and health insurance…
