The advantages – for the company and the employees – deriving from the introduction of a welfare plan can be substantially three:
Tax optimization for the company, in accordance with current legislation and, in particular by art. 51 and 100 of the Consolidated Income Tax Law;
Reduction of the tax wedge with consequent increase in purchasing power for the employee;
Increase in corporate well-being: improvement of the corporate climate, decrease in turnover and absenteeism.
The advantages for the workers are therefore multiple, starting with the increase in the purchasing power of their salary, with consequent optimization of savings and improvement of tax efficiency in the allocation of resources. The corporate welfare also allows to increase the well-being of the worker and helps to improve the conciliation of time between private and family life and the professional one.
There are also benefits for companies : company welfare increases the level of ” loyalty” of its employees by reducing the “turnover” and allowing the maintenance of good levels of work, encourages the increase of business productivity and the improvement of the company climate with a decrease in absenteeism.
On the basis of current legislation, with the same direct or indirect remuneration of the employee, it therefore allows reducing tax and social security costs and, consequently, reducing the tax and contribution wedge , theoretically favoring other forms of investment in technology, productivity and development which, of course, can once again positively reverberate in favor of employees.
Labor consultant Dr. Ivan Allegro of Studio Allegro di Rovigo, former collaborator and consultant of our association, represented Apindustria at a round table on corporate welfare at the beginning of February organized by the Este publishing house in Milan. At the table were representatives of other trade associations and delegates from large and medium-sized enterprises.
The Small and Medium-Sized Associations (APIs) group 6,035 companies in the Veneto that employ 87,252 workers, with an average of 14.46 employees (INPS data). In 2014, 81 agreements on tax relief were signed (less than 1.50% of companies). These are the numbers pitted by Dr. Allegro who explains: “The limited number of second-level contracts in the Veneto SMEs of these years is undoubtedly due to problems of tightness of the SMEs themselves: in the last decade we have seen the disappearance of many companies small and medium in our territory, even historical. The economic crisis that has suffered our production fabric has in many cases been devastating in many sectors. ”
The possible solutions for an economic recovery, according to the consultant, are greater access to credit thanks to the collaboration with banking institutions and the ability to seize the opportunities , albeit reduced, of the current market:
“Certainly the 2017 Stability Law can give impetus to corporate welfare and if well organized and guided, it will allow a greater participation of SMEs that, when they are very small in size, have a complicated access to second-level bargaining, given also the scarce entrepreneurs’ propensity to open the doors to trade unions These incentive initiatives, certainly positive for companies, must be just the beginning of a new path for the revival of an Italian economy supported by SMEs In the future, they will be ever more numerous Small and Medium-sized companies that will access corporate welfare and choose to adopt plans for their employees, if well followed by employers’ associations that will also open to unions prepared for this new challenge. ”
“The training will be fundamental to transmit to all workers the benefit of these initiatives with the advantage for the company in terms of loyalty and consequent increase in productivity and quality of work. Only through this awareness of workers on the actual connection between quality of their work and the increase in collective well-being , there may be a growth of Italian SME companies and specifically of Veneto ones,
on the other hand, there will have to be greater collaboration between SMEs that can bring benefits on a large scale, effectively recreating the advantages that can be enjoyed by large companies: an example could be the creation of structures that provide services to more SMEs. “