Admission in India

Admission in India
2015
By:
admission.edhole.com
Evelyne van Dyck Plantijn University Antwerpen Belgium
Brigitte Knig HfWU Nrtingen - Geislingen Germany
Michele Bazzi University of Bologna Italy
Cecilia Orlandini University of Florence Italy
Lina Pileicikaite Kaunas College Lithuania
Asta Benetyte Mykolas Romeris University Lithuania
Sylvana Janssen INholland University The Netherlands
Anna Puigdecanet University of Girona Spain

Coaches: Horst Blumenstock, Luc Broes

FLEXIBILITY OF THE
FRINGE BENEFITS

1. THE IDEA OF WAGE
2. FRINGE BENEFITS
3. CONSEQUENCES
4. RECOMMENDATIONS

1. THE IDEA
OF
WAGE

The idea
of wage

Fringe Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the employer
- for the employee
- for the state

Recommendations
"IDEA" OF WAGE
Definition - Employment benefit
- Family wage
Contract
Law situation


The idea
of wage

Fringe Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the employer
- for the employee
- for the state

Recommendations

WAGE CALCULATION
Taxes
Social contributions
Payment - in money
- in kind
Type of wage - per unit of time
- per unit of work

WHAT WE HAVE LEARNED

wage is obligatory in the contract

the wage calculation is in most
countries similar

wage is the basis to talk about fringe
benefits
2. FRINGE
BENEFITS

The idea of wage

Fringe
Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the employer
- for the employee
- for the state

Recommendations

Fringe benefits are a form of
remuneration offered by the employer
not strictly connected to the employees
individual tasks.
OUR
UNDERSTANDING OF
FRINGE BENEFITS
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
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

The idea of wage

Fringe
Benefits
- Definition
- Main types
- Legal
situation
- Taxation

Concequences
- for the employer
- for the employee
- for the state

Recommendations

LEGAL SITUATION OF
FRINGE BENEFITS
No legal regulations
Collective agreements
Company agreements
Contract of employment
Operational practice

The idea of wage

Fringe
Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the employer
- for the employee
- for the state

Recommendations

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

different understanding of fringe benefits

different taxation system in every country

groups of fringe benefits:
- non-cash benefits
- insurance benefits
- monetary benefits
- benefits in form of sparetime

3. CONSEQUENCES

The idea of wage

Fringe Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the
employer
- for the employee
- for the state

Recommendations
CONSEQUENCES FOR
THE EMPLOYER
PROS CONS
Loyalty Administration costs
Infrequent turnover
Match with
employees needs

Public image of the
company
Tax savings

The idea of wage

Fringe
Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the employer
- for the employee
- for the state

Recommendations

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

The idea of wage

Fringe Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the
employer
- for the employee
- for the state

Recommendations
CONSEQUENCES FOR
THE EMPLOYER
PROS CONS
Loyalty Administration costs
Infrequent turnover
Match with
employees needs

Public image of the
company
Tax savings

The idea of wage

Fringe Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the employer
- for the
employee
- for the state

Recommendations
CONSEQUENCES
FOR THE EMPLOYEE
PROS CONS
Economic and
social security
Economic and
social security
Tax reductions e.g. lack in pensions
Satisfaction
Motivation

The idea of wage

Fringe Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the employer
- for the employee
- for the
state

Recommendations

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

Flexibility for the
employer

Social &
economic security
for the employee
Tax reduction
Lack in Security
System
4. RECOMMENDATIONS

The idea of wage

Fringe Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the employer
- for the employee
- for the state

Recommen-
dations
RECOMMENDATIONS
1. Implement the use of those
benefits concerning equal
opportunities (women)

- The gender pay gap
- Family benefits


The idea of wage

Fringe
Benefits
- Definition
- Main types
- Legal situation

Concequences
- for the employer
- for the employee
- for the state

Recommendations
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 needs


Wage in general

Fringe
Benefits
- Definition
- Main types
- Legal situation
- Taxation
- Cafeteria-
System

Legal differences
between countries

Concequences
- for the employer
- for the employee
- for the state

Recommendations
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
Netherlands

The idea of wage

Fringe Benefits
- Definition
- Main types
- Legal situation
- Taxation

Concequences
- for the employer
- for the employee
- for the state

Recommen-
dations
FLEXIBILITY
RECOMMENDATIONS
MINIMUM WAGE (fixed by law)
FIXED WAGE
(bargaining)
FRINGE
BENEFITS
(higher
flexibility)
3) Wage policy a way to flexicurity...
SECURITY

Wage in general

Fringe Benefits
- Definition
- Main types
- Legal situation
- Taxation
- Cafeteria System

Similarities

Legal differences
between countries

Concequences
- for the employer
- for the employee
- for the state

Fringe benefits and
Flexicurity

Recommendations


Admission in India

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