How to stay ahead of the curve and keep abreast of crucial socio-legal changes? Pour yourself a cup of coffee and choose your topic.
The cafeteria plan, also known as flexible reward, is a way of giving your employees a say in the make-up of their pay package. As an employer, you establish the benefits you are offering and allow your employees to pick and mix from the range of benefits on offer. In doing so, the pay package better suits employees’ personal needs, with everybody choosing whether or not they wish to join the plan. A cafeteria plan is also budget-neutral: there are additional costs as an employer, but the wage cost remains unchanged. Which makes this a real win-win, as your employees get more value (and appreciation) for the same money.Read more
The corona year 2020 rocked the foundations of the economy. Yet the economic malaise has not prevented companies from paying bonuses to their employees. In 2021, a quarter of the white-collar employees received a bonus. Moreover, the average bonus amount is unprecedentedly high, at just over EUR 5300. Surprising? It is, because the bonuses paid out in 2021 are based on the business results and/or the performance of employees in the corona year 2020.Read more