What is Flexible Compensation for companies?
The Flexible Compensation is a system of compensation which enables companies to offer their teams the possibility of to allocate part of their salary gross to the payment of services such as Edenred Mobility,, Edenred Nursery o ticket restaurant. As a company you can decide which services to include in your plan, and each team member can adjust their usage according to their needs. They reduce their tax matters, stretch their salary and increase their take-home pay. annually, with savings of up to 30%, while the company offers benefits at no additional cost and reinforces the motivation of the teams.
Advantages of Flexible Compensation for companies
What products can be included in Flexible Compensation?
Ticket Restaurant
Edenred Mobility
Edenred Nursery
Learning & Development
Health insurance with Flex
Social Benefits VS Flexible Compensation
The difference between a Social Benefit and the Flexible Compensation is in who bears the cost and how it is managed. A Social Benefit is support that the company offers to individuals directly, covering the full cost of services such as transport, childcare or food, without affecting wages. On the other hand, with the Flexible Compensation, In the case of a pension plan, it is the individual who decides to allocate part of his or her gross salary to cover the same services, thus saving on taxes and optimising his or her net annual salary. Both options aim to improve the quality of life, but work in different ways.
Do you want to create a Flexible Compensation Plan? We make it easy for you
With the Edenred Flex platform, you can manage your Flexible Compensation plan online in a simple and clear way.
The advantages?
- Reduction of management time
- All-in-one platform
- Assistance from the Edenred team
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Frequently Asked Questions on Flexible Compensation
Does Edenred help us in the implementation of the Flexible Compensation plan?
Of course! From Edenred we accompany you through the great journey of Flexible Compensation. We guide you and help you in the launch and configuration of the platform.
Which platform to use for the management of Flexible Compensation products?
The Edenred Flex platform helps companies and teams to easily manage Flexible Compensation plans.
How much money can be allocated to Flexible Compensation?
Under the legislation, each person can spend up to 30% of their gross annual salary on Flexible Compensation.
How does flexible pay fit into the payroll system?
As the agreed amounts are deducted directly from the salary, the Flexible Compensation concepts must be created in the payroll so that they are not subject to income tax and pay Social Security contributions. Discover an example of a payroll with flexible compensation!
Can the social security contribution base be affected?
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They already trust us
Iberdrola Spain needed to implement benefits related to Flexible Compensation for the more than 9000 professionals distributed throughout Spain and Edenred gave us those characteristics of adaptation, of being able to reach the whole territory.
Iberdrola Spain needed to implement benefits related to Flexible Compensation for the more than 9000 professionals distributed throughout Spain and Edenred gave us those characteristics of adaptation, of being able to reach the whole territory.
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Iberdrola Spain needed to implement benefits related to Flexible Compensation for the more than 9000 professionals distributed throughout Spain and Edenred gave us those characteristics of adaptation, of being able to reach the whole territory.
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