Flexible retribution
It is a remuneration system that allows the employee to distribute the collection of his remuneration, one part in cash and another through products or services offered by the company.
The most common products and services are those that have tax advantages and are not considered taxable income for income tax (Health Insurance, Retirement Savings Plans, transportation, training, restaurant, daycare, etc.)
For the company, flexible compensation is a key benefit to include in its human resource management strategy.
Employees will access services with:
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Improved prices, taking advantage of synergies in collective bargaining.
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Tax advantages. Without increases in the cost of the wage bill for the company, the remuneration of employees is improved.
With flexible remuneration, the net remuneration of employees is increased.
How does it affect the emotional salary?
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Reconciliation of family and work.
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Greater motivation of employees to achieve objectives.
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The work environment is positively encouraged.
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The productivity of each employee is increased.
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Work absenteeism decreases considerably.
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Brand positioning improves.
Practical example
