Corporate welfare encompasses initiatives aimed at improving the well-being of employees and their families. It allows employers to offer benefits in the form of goods and services with tax and social security exemptions, providing economic advantages for companies. This service strengthens the bond with employees, reduces turnover, and increases productivity. The introduction of a Corporate Welfare plan can be linked to a national collective agreement, a unilateral company decision, or an internal union agreement, such as in the case of converting the so-called untaxed production bonus.

Corporate Welfare is a set of organizational and economic policies aimed at:

– Increasing trust in the organization

– Incentivizing personnel

– Reducing turnover and absenteeism

– Encouraging superior performance

– Improving corporate image and reputation

– Reducing the employee/labor cost tax wedge

Corporate welfare, therefore, is based on the premise that the employment relationship should achieve not only economic satisfaction but also the fulfillment of needs beyond mere monetary compensation; thus, welfare policies include these aspects:

– Supplementary pensions

– Integrated assistance (health and non-health)

– Work-life balance organization

– Economic support through monetary and non-monetary compensation

A Welfare plan provides employees with resources for family services like kindergarten, medical expenses, supplementary pensions, transport subscriptions, sports, wellness, leisure, culture, and education.

Consulting and Operational Support

Terrazzini & Partners offers its expertise to assist companies in adopting a Corporate Welfare system, providing support throughout the entire administrative process. They offer advice on tax and contribution benefits provided by regulations, also collaborating with specialised external companies.

Employees can easily access and select desired goods or services through a dedicated online platform.