Within the remuneration of each employee of the company, the flexible remuneration It is a very important part, since thanks to it, employees will be able to enjoy great savings in their daily services.
Being able to create and develop a flexible compensation plan is one of the best ways in which you can take care of the employee and their well-being, since thanks to this they will be able to opt for different training courses, eat healthy at an affordable price, access benefits that help family reconciliation and a long etcetera.
In addition, flexible remuneration not only has benefits for the employee, but the company can also benefit from it.
WHAT IS FLEXIBLE PAY?
As we mentioned before, the flexible remuneration It is a type of remuneration in which the employee can allocate part of his gross salary to the consumption of different products and services.
By making this consumption from his gross salary, the employee may benefit from a tax exemption, which may avoid or reduce the IRFP of the services and products he consumes. What is transformed into a higher annual net salary by having the personal income tax savings each month.
It should be noted that the employee may only allocate up to 30% of the gross annual salary. You can get discounts on:
- Meals
- Trainings
- Transport
- Day care centers
- Medical insurance
- And so on
HOW DOES THE FLEXIBLE REMUNERATION WORK?
so that the flexible remuneration work, the company will need to set up a plan where all employees can take advantage of the different services and products that are offered.
In order for the company to be able to decide what products and services to offer its employees, it is essential that they know what needs has these. And the best way to find out is to ask directly, such as through a survey, which will favor the work environment and the feeling of belonging of the employees.
It should not be forgotten that flexible remuneration is optional, so employees decide if they want to dedicate part of their salary to these services or not.
ADVANTAGES FOR COMPANIES:
ATTRACT AND RETAIN TALENT.
Being able to offer flexible remuneration to employees can become the decisive point when deciding on one job or another in a company. And furthermore, for employees already belonging to the company, the fact that they can opt for flexible remuneration increases their confidence in the organization, while increasing their loyalty to it.
SALARY INCREASE THAT DOES NOT AFFECT THE COMPANY.
Thanks to the tax exemption that employees obtain when consuming products or services with flexible remuneration, they can allocate 30% of their gross salary to it, being exempt from tax. IRPF and thus receiving a higher net annual salary.
MORE MOTIVATED AND COMMITTED EMPLOYEES
As we mentioned before, employees feel that the company is interested in them, facilitating improvements in their development and reconciliation. As a result, their commitment to the company is greater and their motivation to continue with it increases.
PRODUCTIVITY INCREASE.
Somewhat linked to the previous point, the more motivated the employees are, the lower the absenteeism and therefore the turnover rate will decrease. Also, a motivated employee You will always be much more productive and efficient.
IMPROVEMENT OF THE COMPANY IMAGE
Thanks to having a flexible compensation plan, the employee will see the company as a place where, in addition to working, they are cared for, thus improving their perception of it, and creating a great business culture.
ADVANTAGES FOR EMPLOYEES:
HELP WITH FAMILY CONCILIATION:
All workers who decide against a flexible remuneration will have the possibility of taking their children to a nursery, and will be able to count on all kinds of services to help reconcile their personal and work lives.
FREEDOM AS TO THE TYPE OF REMUNERATION:
All employees who take advantage of the flexible remuneration plan will be able to decide what percentage of their salary they want to allocate to services and products exempt from personal income tax.
IT IS COMPLETELY VOLUNTARY
It is not mandatory that all employees take advantage of the flexible compensation plan. Each one will be able to decide if he wants to or not, and the percentage that he is going to allocate to it, as long as the maximum limits are not exceeded.
IMPROVEMENT IN THE QUALITY OF LIFE OF EMPLOYEES
Being able to enjoy all the advantages offered by a flexible compensation plan creates a feeling of relief, since essential services such as food, transportation, medical insurance, etc., are covered. The employee's quality of life will improve, being happier and more productive.
