Paying your end-of-year premium in cash? Your employee retains far less than you might think. In most cases, employees receive no more than 40% net of the gross amount – or roughly a third of the employer's cost.
Would you like to give the option to your employees to retain more value in their end-of-year premium? It may be worth checking whether your sector foresees the option to convert the end-of-year premium into an alternative benefit. This is the case, for example, in Joint Committee 200, which covers many white-collar employees, and in the metal industry (for both blue and white-collar employees).
The sectoral provisions also determine which benefits you can choose, and what procedure applies.
Important: conversion can only be applied for the future.
An example:
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