Flexible remuneration

Flexible compensation can no longer be ignored

Belgian employees would like to put together their own salary package. Their employers are responding to this question with ‘cafeteria plans’. Securex has seen this in the results of its 2017 benchmark study. Today, one in six employees is already choosing a flexible form of compensation.

The needs of employees are evolving quickly. In 2018, employees care greatly about flexibility and personalised work.

They want to have a say about their job content, to lay their own focus points and decide for themselves when and where they work and put their own pay packages together. Are they being given these opportunities? Because that influences their motivation, performance and employability for the better.

71 per cent of employees want flexible salary packages they can put together themselves on the basis of their own needs. That desire is particularly clear in employees who are younger than 50. The concentration is on company cars, extra-legal vacation and bonuses.

Employers are not insensitive to their wishes. 17 per cent of employees are given the opportunity to put their stamp on their salary package. But what do we learn if we compare the employee profiles with each other? A number of striking differences become apparent:

  • Employees who receive a flexible salary package:
  • 20% men
    20% with tertiary education
  • 13% women
    13% with secondary education or less
  • Employees who already have a flexible salary package:
  • ±25% employees under the age of 30
    ±33% executive level
  • 12% employees over the age of 50
    15% labourers or low-level employees

A possible stumbling block for the implementation of a cafeteria plan?

Expanded administration and the possibilities with the historically grown salary packages of older employees.

Securex has therefore made some innovations: digital tools and support to lead the administration in the right direction. This makes flexible salary packages a lot more attractive.