Ever wished you could customize your salary package just like picking items from a menu? That's exactly what flexible rewards lets you do!
How Does It Work? 🎯
Through your employer's flexible rewards plan, you can transform parts of your 'traditional salary' (typically your bonus and/or end-of-year premium) into benefits that bring you more satisfaction. Think of it as your personal salary shopping experience!
Your Budget 💰
You'll receive a budget to spend in your flexible rewards plan. This budget reflects the total employer cost, which means you get more value than a regular cash payment would give you.
Key Benefits ⭐
1. Freedom of Choice
You're in the driver's seat! Create a salary package that matches YOUR needs
Choose from a variety of benefits your employer has made available
Even the decision to participate is entirely up to you
2. Financial Advantage 🏆
By converting your gross salary into benefits, you'll pay less in social security contributions and taxes
Example: Converting a €1,000 year-end premium into an (electric) bike could save you more than €700 compared to receiving it in cash!
Available Benefits 🎁
Standard options typically include:
IT equipment (PC, smartphone, tablet, and accessories) 💻
Bike lease 🚴♀️
Individual pension savings reimbursement 💰
Health insurance for family members 🏥
Extra vacation days 🏖️
Important Considerations 🚨
Social Security Rights
Most choices in the flexible rewards plan reduce social security contributions
Impact on pension and unemployment rights is usually minimal if your monthly gross salary stays above €2,700
Ownership of Benefits
Benefits aren't immediately your property
Example: A €500 smartphone remains company property for 2 years
After the period ends, you can purchase it for a percentage of the original value (minimum 20%)
Ready to Get Started? 🌟
Activate your budget by signing the employment contract appendix once, and you're all set for future end-of-year premiums and bonuses!
Remember: Cash remains the default option for any unspent budget, so there's absolutely no risk in activating your flexible rewards plan!
Need help? We're just a chat away! 💬
Your Payflip Team 💜