When setting up a flexible compensation plan, the company decides which products it makes available to employees and from this selection the employee can choose the ones that suit him or her best.
How does flexible pay fit into the payroll system?
As the agreed amounts are deducted directly from the salary, flexible compensation concepts must be created in the payroll so that they are not subject to personal income tax and pay social security contributions.
Can the social security contribution base be affected?
No, the contribution base will not be changed in any way.
How much money can I spend on Flexible Compensation?
You can spend up to 30% of your gross annual salary.