Attracting and retaining technology talent is one of the biggest challenges facing start-ups in Spain. Engineers, developers and product managers are in high demand, and competition with multinationals and consolidated scale-ups is fierce.
In the early stages of the project, budgets are tight and every euro counts. Raising gross salaries to match the offers of large companies is not always feasible.
However, people remain a company's most valuable asset. start-up culture, and your commitment can make the difference between growing or falling behind. Therefore, delivering “more value” without raising labour costs has become a strategic necessity.
The flexible remuneration allows professionals to allocate part of their gross salary to products or services exempt from personal income tax (such as food, transport or childcare), thus increasing their net disposable income without the company incurring a higher cost.
For start-ups, this translates into some key advantages:
In the technology sector, professionals tend to place a high value on autonomy, continuous learning and personal balance. Flexible remuneration plans can be tailored to these interests with benefits such as:
These benefits, in addition to enhancing the employee experience, reinforce the commitment to sustainability, diversity and holistic wellbeing - three essential pillars of modern employer branding.
The implementation of a flexible remuneration scheme doesn't have to be complex. With the right partners, it can be as simple as activating a digital tool and communicating it to the team. A few steps:
Consider a Spanish fintech company in the midst of expansion. After losing some key profiles due to strong market competition, its founding team decided to implement a flexible remuneration plan with the support of a specialised partner such as Edenred.
Within a few months, the internal environment began to change: people appreciated being able to choose the benefits that best suited their lifestyle and felt that the company really listened to their needs. In addition, they saw significant savings month after month on their payroll.
Without increasing salary costs, the start-up managed to strengthen commitment, reduce turnover and consolidate a culture of trust and well-being. A small change in its remuneration policy had a big impact on the team's motivation and sense of belonging.
Flexible remuneration allows you to offer more value to your team without driving up wage costs., reinforcing the image of a modern, human and sustainable company.
Implementing such solutions can be the turning point that makes the difference between a start-up that competes and one that leads.