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Flexibility of the Fringe Benefits

Flexibility of the Fringe Benefits. Welcome. Evelyne van Dyck Plantijn University Antwerpen Belgium Brigitte K ö nig HfWU Nürtingen - Geislingen Germany Michele Bazzi University of Bologna Italy Cecilia Orlandini University of Florence Italy

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Flexibility of the Fringe Benefits

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  1. Flexibility of the Fringe Benefits

  2. Welcome Evelyne van Dyck Plantijn University Antwerpen Belgium Brigitte König HfWU Nürtingen - Geislingen Germany Michele Bazzi University of Bologna Italy Cecilia Orlandini University of Florence Italy Lina Pileicikaite Kaunas College Lithuania Asta Benetyte Mykolas Romeris University Lithuania Sylvana Janssen INholland University The Netherlands Anna Puigdecanet University of Girona Spain Coaches: Horst Blumenstock, Luc Broes

  3. FLEXIBILITY OF THE FRINGE BENEFITS • THE “IDEA” OF WAGE • FRINGE BENEFITS • CONSEQUENCES • RECOMMENDATIONS

  4. 1. THE ”IDEA” OF WAGE

  5. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations "IDEA" OF WAGE • Definition - Employment benefit • - Family wage • Contract • Law situation

  6. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations WAGE CALCULATION • Taxes • Social contributions • Payment - in money • - in kind • Type of wage - per unit of time • - per unit of work

  7. WHAT WE HAVE LEARNED… • …wage is obligatory in the contract • …the wage calculation is in most countries similar • …wage is the basis to talk about fringe benefits

  8. 2. FRINGE BENEFITS

  9. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations OUR UNDERSTANDING OF FRINGE BENEFITS Fringe benefits are a form of remuneration offered by the employer not strictly connected to the employee’s individual tasks.

  10. MAIN TYPES OF FRINGE BENENFITS

  11. MAIN TYPES OF FRINGE BENENFITS

  12. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations LEGAL SITUATION OF FRINGE BENEFITS • No legal regulations • Collective agreements • Company agreements • Contract of employment • Operational practice

  13. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations TAXATION

  14. WHAT WE HAVE LEARNED… • …different understanding of fringe benefits • …different taxation system in every country • …groups of fringe benefits: - non-cash benefits - insurance benefits - monetary benefits - benefits in form of sparetime

  15. 3. CONSEQUENCES

  16. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations CONSEQUENCES FOR THE EMPLOYER

  17. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations TAXATION

  18. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations CONSEQUENCES FOR THE EMPLOYER

  19. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations CONSEQUENCES FOR THE EMPLOYEE

  20. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommendations CONSEQUENCES FOR THE STATE • Lack in social security system • Is there a connection between fringe benefits and economic growth? Flexibility Economic Growth Use of benefits

  21. WHAT WE HAVE LEARNED… Flexibility for the employer Tax reduction Social & economic security for the employee Lack in Security System

  22. 4. RECOMMENDATIONS

  23. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommen- dations RECOMMENDATIONS • Implement the use of those benefits concerning equal opportunities (women) • - The gender pay gap • - Family benefits

  24. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation • Concequences - for the employer - for the employee - for the state • Recommendations RECOMMENDATIONS 2. Extend “CAFETERIA SYSTEM” to other countries • Possibility to combine fringe benefits • in a flexible way • The employee can choose fringe benefits according to his needs

  25. Wage in general • Fringe Benefits - Definition - Main types - Legal situation - Taxation - Cafeteria- System • Legal differences between countries • Concequences - for the employer - for the employee - for the state • Recommendations CAFETERIA SYSTEM • possibility to combine fringe benefits • in a flexible way • the employee can choose fringe benefits • according to his needs • known in Germany, Belgium and the • Netherlands

  26. The “idea” of wage • Fringe Benefits - Definition - Main types - Legal situation - Taxation • Concequences - for the employer - for the employee - for the state • Recommen-dations RECOMMENDATIONS 3) Wage policy – a way to flexicurity... FLEXIBILITY FRINGE BENEFITS (higher flexibility) FIXED WAGE (bargaining) MINIMUM WAGE (fixed by law) SECURITY

  27. Wage in general • Fringe Benefits - Definition - Main types - Legal situation - Taxation - Cafeteria System • Similarities • Legal differences between countries • Concequences - for the employer - for the employee - for the state • Fringe benefits and Flexicurity • Recommendations

  28. Thank you for your attention!

  29. Questions?

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