A LITTLE CLARITY

What is Corporate Welfare?

Corporate Welfare means the complex of services, services and services that a company recognizes to its employees with the aim of improving their private life and work performance.

The benefit of a good corporate welfare program is seven times greater than the economic benefit because the company transmits attention to its people fueling engagement.

A good corporate welfare plan is developed in several steps:

  • listen to their people in order to identify the real needs of the collaborators: in this way it will be much easier to identify the most suitable welfare solutions to meet their needs
  • choose a competent and reliable partner able to provide the right support in the activation of a welfare plan
  • after activation, employees will have access to the many benefits and services through a platform

The proprietary platform of Eudaimon is the Welfare Experience: designed specifically to enhance the contents of the company welfare program and facilitate navigation by the user so that it can manage requests easily and quickly.

Where can we start again

It's called corporate welfare, Eudaimon does it

SOURCES

Reference regulations for corporate welfare

CONSOLIDATED LAW ON INCOME TAX (TUIR)

At article 51, this law governs which income does not constitute income from subordinate employment. The company can therefore pay this income to the employees without contribution and tax burdens.

Areas of action

The world of welfare services

A group of services designed and built with the purpose of responding effectively to the needs of employees and their families.

Parenthood

Support for the education and care of children

People Caring

Personal care and care for family members

Wellbeing and health

Health services, psychological support, prevention and check-up

Culture and leisure

Promotion and enhancement of culture

Work-life balance

Support reconciliation between private and professional life

Economic support

Saving and pension
A benefit for all

Advantages for the company and the worker

Corporate welfare is the most efficient form of transferring resources between the company and its people. For the worker, welfare does not contribute to income generation and for companies having a welfare plan offers significant tax advantages.

Where provided by the CCNL, the provision of welfare initiatives is mandatory.  In this case the value of the services to be provided is also indicated.

Advantages for the company
  • Employer branding
  • Improvement of social reputation
  • Greater productivity
  • Engagement
  • Reduction of tax wedge
Advantages for the worker
  • Greater purchasing power
  • Wellbeing
  • Motivation
  • Cohesion and sense of belonging
  • Work-life balance
Obligatory measures and company regulations

Sources of funding

NCLA

Some national collective labour agreements introduce obligatory measures of corporate welfare. Among the active collective employment contracts, we find goldsmiths and jewellers, telecommunications, metalworkers.

PREFORMANCE BONUS

In the presence of specific second level business agreements, the performance bonuses can benefit from preferential taxation and be converted into welfare goods and services.

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