School vouchers for employees
School vouchers are the best option for employees with children from 0 to 3 years old.
Aimed for parents with children from 0 to 3 years old
School vouchers are the smartest choice for employees with children from 0 to 3 years old. They allow to optimize the salary that the employee receives without incurring in extra costs for the company. With the school voucher employees will be able to pay the center to which their child usually goes,, without having to find a new kindergarten. School vouchers are easily efficient.
How does the school vouchers works?
School vouchers allow the employee to receive part of their salary as a check or card (physical or virtual) to pay for their children's nursery. By delivering a monthly amount in terms of flexible compensation to the employee, the company can deduct that money as cost and the employee will also be entitled to tax advantages. Offering schools vouchers at your company is really easy. You just have to contact Factorial and we will manage this for you.
Savings for the company
By offering this benefit the company reduces the tax burden by counting as an expense all the money given as a school vouchers to employees with children. Like any other cost, the company can have access to interesting tax savings. This way, the company optimize its investment on human resources.
Savings for the employee
School vouchers are considered as flexible remuneration in terms of tax purposes, which allows the employee to reduce the total amount of salary received and pay less taxes. In this way, the company pays the same salary, the employee receives the same amount of money but retains less tax. As a result, the employee sees their salary increased each month.
Life and work balance
Offering this benefit to the employees means implementing human resources policies that improve the life and work balance at the company. The vast majority of employees with children thinks about changing to a new company if they are offered better conditions and benefits. Retain talent by offering school vouchers to workers with children.