What is Corporate Welfare?
Corporate welfare is an ecosystem of services and initiatives that a company offers to its employees to improve their quality of life, both professional and personal.
From family support to training, from health to physical well-being, corporate welfare is a strategic tool that not only enhances people, but also strengthens corporate culture, increases productivity and fosters a more serene and
motivating.
Eighty percent of professionals consider the welfare plan decisive in choosing a job.
OUR VISION
We know welfare solutions for individuals and their families and can guide them in their choice and accompany them step by step in their use.
BENEFITS FOR COMPANIES AND PEOPLE
For people
- Bringing welfare closer to people's needs
- Information and awareness raising
- Awareness of needs and solutions
- Involvement and listening
For companies
- Increased use of benefits
- Increasedengagement
- Strengthened corporate culture
- A company that takes care of you
- Reduction in the tax wedge
STATE REGULATIONS IN ITALY
Stability Law
The 2016 Stability Law introduced the possibility, at the employee's option, of converting the performance bonus into welfare. It also expanded the scope of services that can be included in both contracts and company regulations. Subsequent budget laws have expanded the possibilities of corporate welfare.
TUIR
Article 51 of the Income Tax Consolidation Act regulates what income does not constitute employee income. Therefore, such income can be paid by the company to employees without contribution and tax charges.
Other sources
Circulars, resolutions and interpellations of the Internal Revenue Service interpret and define aspects of budget and stability laws and the rules found in the TUIR.
CORPORATE REGULATIONS
Stability Law
Some collective bargaining agreements introduce mandatory corporate welfare measures. Active collective agreements include goldsmiths and jewelers, telecommunications, and metalworkers.
On Top
On-top welfare is provided voluntarily by the company, according to specific company regulations. It can be intended for the entire corporate population or replace forms of rewards.
PdR
Under specific second-level company agreements, performance bonuses may qualify for preferential taxation and thus be converted into welfare goods and services.