Admission in Admission in India 2015 India 2015 By: By: admission.edhole.com
admission in india 2014
Nov 17, 2014
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Admission in Admission in India 2015India 2015
By:By:admission.edhole.com
admission.edhole.com
Evelyne van DyckEvelyne van Dyck Plantijn University AntwerpenPlantijn University Antwerpen BelgiumBelgium Brigitte KBrigitte Köönig HfWU Nürtingen - GeislingenHfWU Nürtingen - Geislingen GermanyGermany Michele BazziMichele Bazzi University of BolognaUniversity of Bologna ItalyItaly Cecilia OrlandiniCecilia Orlandini University of FlorenceUniversity of Florence ItalyItaly Lina PileicikaiteLina Pileicikaite Kaunas CollegeKaunas College LithuaniaLithuania Asta BenetyteAsta Benetyte Mykolas Romeris UniversityMykolas Romeris University LithuaniaLithuania Sylvana JanssenSylvana Janssen INholland UniversityINholland University The NetherlandsThe Netherlands Anna PuigdecanetAnna Puigdecanet University of GironaUniversity of Girona SpainSpain
Coaches: Coaches: Horst Blumenstock, Luc BroesHorst Blumenstock, Luc Broes
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FLEXIBILITY OF THE FRINGE BENEFITS
1.THE “IDEA” OF WAGE
2.FRINGE BENEFITS
3.CONSEQUENCES
4.RECOMMENDATIONS
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1. THE ”IDEA”1. THE ”IDEA”
OFOF
WAGEWAGE
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The The “idea” of “idea” of wagewage
Fringe BenefitsFringe Benefits
- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
"IDEA" OF WAGE
• Definition - Employment benefit
- Family wage
• Contract
• Law situation
admission.edhole.com
The The “idea” of “idea” of wagewage
Fringe BenefitsFringe Benefits
- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
WAGE CALCULATION
• Taxes
• Social contributions
• Payment - in money
- in kind
• Type of wage - per unit of time
- per unit of work
admission.edhole.com
WHAT WE HAVE WHAT WE HAVE LEARNED…LEARNED…
……wage is obligatory in the wage is obligatory in the contract contract
……the wage calculation is in the wage calculation is in most countries similarmost countries similar
……wage is the basis to talk about wage is the basis to talk about fringe benefitsfringe benefits
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2. FRINGE 2. FRINGE BENEFITSBENEFITS
admission.edhole.com
The “idea” of The “idea” of wagewage
Fringe Fringe BenefitsBenefits- -
DefinitioDefinitionn- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
Fringe benefits are a form of remuneration offered by the
employer not strictly connected to the employee’s
individual tasks.
OUR UNDERSTANDING
OF FRINGE BENEFITS
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Belgium Germany Italy Lithuania Netherlands Spain
Company cars X X X X
Vouchers X X X X X
Hospitalisation insurance
X X X
Additional pension X X X X X
Saving schemes X X X X
Bonus X X X X
Child care X X X
Additional holidays X X X
Flexible working time X X X X
MAIN TYPES OF FRINGE BENENFITS
admission.edhole.com
Belgium Germany Italy Lithuania Netherlands Spain
Company cars X X X X
Vouchers X X X X X
Hospitalisation insurance
X X X
Additional pension X X X X X
Saving schemes X X X X
Bonus X X X X
Child care X X X
Additional holidays X X X
Flexible working time X X X X
MAIN TYPES OF FRINGE BENENFITS
admission.edhole.com
The “idea” of The “idea” of wagewage
Fringe Fringe BenefitsBenefits- Definition- Definition
- Main types- Main types
- Legal - Legal situation situation- Taxation- Taxation
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
LEGAL SITUATION OF FRINGE BENEFITS• No legal regulations
• Collective agreements
• Company agreements
• Contract of employment
• Operational practice
admission.edhole.com
The “idea” of The “idea” of wagewage
Fringe Fringe BenefitsBenefits- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- - TaxationTaxation
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
TAXATION
Taxed like normal income
Tax-free until certain limits
Tax-free
The Netherlands
X X X
Italy X X
Belgium X
Germany X X X
Lithuania X X X
Spain X
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WHAT WE HAVE WHAT WE HAVE LEARNED…LEARNED…
……different understanding of fringe different understanding of fringe benefitsbenefits
……different taxation system in every different taxation system in every countrycountry
……groups of fringe benefits:groups of fringe benefits:- non-cash benefits- non-cash benefits- insurance benefits- insurance benefits- monetary benefits- monetary benefits- benefits in form of sparetime- benefits in form of sparetime
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3. 3. CONSEQUENCECONSEQUENCE
SS
admission.edhole.com
The “idea” of The “idea” of wagewage
Fringe BenefitsFringe Benefits
- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
ConcequenConcequencesces
- for the - for the employeremployer- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
CONSEQUENCES FOR THE
EMPLOYERPROS CONS
LoyaltyAdministration
costs
Infrequent turnover
Match with employee‘s
needs
Public image of the company
Tax savingsadmission.edhole.com
The “idea” of The “idea” of wagewage
Fringe Fringe BenefitsBenefits- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- - TaxationTaxation
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
TAXATION
Taxed like normal income
Tax-free until certain limits
Tax-free
The Netherlands
X X X
Italy X X
Belgium X
Germany X X X
Lithuania X X X
Spain X
admission.edhole.com
The “idea” of The “idea” of wagewage
Fringe BenefitsFringe Benefits
- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
ConcequenConcequencesces
- for the - for the employeremployer- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
CONSEQUENCES FOR THE
EMPLOYERPROS CONS
LoyaltyAdministration
costs
Infrequent turnover
Match with employee‘s
needs
Public image of the company
Tax savingsadmission.edhole.com
The “idea” of The “idea” of wagewage
Fringe BenefitsFringe Benefits
- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
ConcequenConcequencesces- for the - for the employeremployer
- for the - for the employeeemployee- for the state- for the state
RecommendationRecommendationss
CONSEQUENCES FOR THE
EMPLOYEEPROS CONS
Economic and social security
Economic and social security
Tax reductionse.g. lack in pensions
Satisfaction
Motivationadmission.edhole.com
The “idea” of The “idea” of wagewage
Fringe BenefitsFringe Benefits
- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
ConcequenConcequencesces- for the - for the employeremployer
- for the - for the employeeemployee
- for the - for the statestate
RecommendationRecommendationss
CONSEQUENCES FOR THE STATE
•Lack in social security system
•Is there a connection between fringe benefits and economic growth?
Economic Growth
Use of benefits
Flexibility
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WHAT WE HAVE WHAT WE HAVE LEARNED…LEARNED…
Flexibility for the Flexibility for the employeremployer
Social & Social & economic economic
security for security for the employeethe employee
Tax reductionTax reduction
Lack in Lack in Security Security SystemSystem
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4. 4. RECOMMENDATIONSRECOMMENDATIONS
admission.edhole.com
The “idea” of The “idea” of wagewage
Fringe BenefitsFringe Benefits
- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommRecommen-en-
dationsdations
RECOMMENDATIONS
1.Implement the use of those benefits
concerning equal opportunities (women)
- The gender pay gap - Family benefits
admission.edhole.com
The “idea” of The “idea” of wagewage
Fringe Fringe BenefitsBenefits- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
2. Extend “CAFETERIA SYSTEM” to other
countries
RECOMMENDATIONS
•Possibility to combine fringe benefits
in a flexible way
•The employee can choose fringe benefits according to his needsadmission.edhole.com
Wage in generalWage in general
Fringe Fringe BenefitsBenefits- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
- - CafeteriaCafeteria- System- System
Legal differences Legal differences between between countriescountries
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommendationRecommendationss
CAFETERIA SYSTEM
• possibility to combine fringe benefits
in a flexible way
•the employee can choose fringe benefits
according to his needs
•known in Germany, Belgium and the
Netherlandsadmission.edhole.com
The “idea” of The “idea” of wagewage
Fringe BenefitsFringe Benefits
- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
RecommRecommen-en-dationsdations
FLEXIBILITFLEXIBILITYY
RECOMMENDATIONS
MINIMUM WAGE (fixed by law)
FIXED WAGE (bargaining)
FRINGE BENEFITS (higher flexibility)
3) Wage policy – a way to flexicurity...
SECURITSECURITYYadmission.edhole.com
Wage in generalWage in general
Fringe BenefitsFringe Benefits
- Definition- Definition
- Main types- Main types
- Legal situation- Legal situation
- Taxation- Taxation
- Cafeteria - Cafeteria SystemSystem
SimilaritiesSimilarities
Legal differences Legal differences between between countriescountries
ConcequencesConcequences
- for the - for the employeremployer
- for the - for the employeeemployee
- for the state- for the state
Fringe benefits Fringe benefits and Flexicurityand Flexicurity
RecommendationRecommendationssadmission.edhole.com
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