Company welfare
Company welfare refers to the provision of services and non-monetary benefits that the company offers to employees to enhance their well-being and personal life alongside their regular remuneration.
What are the advantages of company welfare for a company?
You can increase your employees’ real wages and, at the same time, reduce the tax wedge with significant savings on social security and tax contributions.
What types of products and services can employees receive through company welfare programs?
Companies provide their employees with services and non-monetary benefits, whose value, compared to costs incurred by employers, exceed payroll net pay.
These supplementary benefits encompass a wide range of services, including but not limited to additional healthcare, education-related expenses such as school fees and university tuition, babysitting and transportation services, vouchers, loans, insurance policies, gym memberships, travel, and more.
Welfare benefits: an example of calculation
Payroll increase
Welfare goods or services
(e.g. gym membership)
1.000 €
1.000 €
Cost to the company
1.400 €
600 €
Net income
1.400 €
(payroll)
1.000 €
(amount received by the employee)
As it shown, both the company and the employee benefit greatly from the cost savings.
Myèsis as a partner for your welfare program
A comprehensive understanding of the rules is vital for successfully implementing an efficient plan that adheres to pertinent regulations. A range of variables must be considered, including, among others, working hours, the company’s size, the geographical scope of its operations, and the sector of reference.
At Myèsis, we help designing, constructing, and implementing a welfare plan tailored to your company’s specific needs and objectives. We work closely with you to identify the needs of your employees and develop a corporate welfare plan that truly meets those needs.
- We collaborate with you to analyse and design an employee benefit plan that meets your needs and preferences.
- We work together to identify potential proposals and accurately assess the effective benefits the company could gain from tax breaks.
- We analyse the feedback, actual benefit usage, and costs to monitor and measure the plan’s impact.
- We offer training courses to keep you abreast of the latest welfare developments. Our courses equip you with the knowledge and skills to recognize the most appropriate methodology for your specific needs.
Service costs
Myèsis is a highly reputable research institute that offers top-notch services to companies.
By utilizing our services, not only will you receive expert assistance, but you can also benefit from tax credits.
