Employees’ compensation may be monetary or non-monetary. In practice, it most often takes the form of wage (or salary) remuneration and possible employee benefits. The Labour Code lists examples of possible other benefits and benefits in addition to wages. As the list is non-exhaustive, it allows the employer and the employee to agree on different forms of remuneration as long as it follows the statutory rules. 

The distinction between wages and “the rest” is proving to be long outdated, which is why we set up flexible remuneration so that each employee can find their own way to satisfy their needs.  

When looking for new forms of remuneration, employers want to meet the needs and expectations of their employees, but they also need to consider their financial or organisational capabilities. Our team of experts is ready to share with you the latest trends and insights in the field of remuneration, and we will be happy to help you put them into practice.

EMPLOYEE BENEFITS

Benefits are now offered by almost every employer to varying degrees and have become a standard that employees expect and usually use extensively. But can they remain a common part of remuneration after the government package is adopted and will they continue to be worthwhile? Or will the phrase “we offer a wide range of benefits” become a thing of the past?

IMPACT OF THE GOVERNMENT PACKAGE

You too may have more questions than answers when it comes to benefits in relation to the government package materially restricting the existing tax exemptions. We would be happy to share our perspective on the upcoming changes and support you in finding the right path to take once the government package is adopted.

Our team of Deloitte experts from the field of employment law, tax and HR consulting offers a comprehensive solution for this purpose, including specialised, multi-disciplinary advisory services regarding employee benefits and assistance with the subsequent implementation of the identified changes.

WHAT IF THE GOVERNMENT PACKAGE DOES NOT AFFECT BENEFITS?

If you think that the final form of the government package does not significantly affect your company, we recommend that you conduct a comprehensive audit of the benefits offered and evaluate both their legal and tax treatment and their current composition and suitability for your company’s employees.

BENEFITS OF OUR SOLUTION FOR YOUR COMPANY

• Review of the benefits provided in terms of financial costs – suggesting possible changes in the benefits composition
• Consideration of current trends in remuneration and responding to employee needs – personalisation of benefits and reflection of company culture
• Audit of legal and tax compliance of employee benefits