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How to implement a Corporate Welfare plan with the new Stability Law
The Stability Law contains a series of rules that further incentivize corporate welfare, that is, a series of benefits and services provided by companies (from nurseries to vouchers for groceries to supplementary care) instead of unilateral or union-negotiated cash bonuses linked to results (productivity, profitability, quality, etc.). This is an important issue, not only because this type of benefits, thanks to tax breaks, could be extended from large companies to small and medium-sized ones, but also because it could find the space it deserves in the next collective bargaining reform.
But why do companies focus on corporate welfare? Because they save on labor costs, while providing workers with benefits that have a higher value than the net amount that would end up in their paychecks by receiving a traditional cash bonus.
Edenred Italy, together with the Women and Technologies Association, has organized a conference on Wednesday, February 24th dedicated to workers and companies entitled "The revolution of Corporate Welfare: simplification and social innovation", where the topics regarding the benefits and innovations introduced by the Stability Law 2016 were discussed.
