Many employees at the end of the year get a bonus. You cannot call it “the thirteenth month salary”, explains Adrian van der Velpen from payroll processor Raet.The concept of the thirteenth month might give the impression that this is the same as a monthly salary, while the year-end bonus varies by collective agreement. Some employees receive 2 percent of their salary, but it can go up to 8.33 percent. Then there is as an additional month.
Individual Arrangements
In a traditional year-end bonus, you have no say in it.But now it is possible with a budget arrangement, which employees are getting more often. You will then have an individual choice package.Such an optional package is made up of the money that is involved in statutory holidays, training budget and certain travel costs.
Holidays, Training or Travel expenses
You can choose whether you use your budget to include additional vacation, for example if you are a caregiver. You can also spend money on training, or to withdraw a portion of your travel expenses. Of course you can also just choose money.Van der Velpen thinks that within five years, no employee would have a traditional year-end bonus.
Holiday Bonus in March or in August
Historically seen, you get your holiday bonus in May or June. But times change.
Employees with young children or without children would rather get paid outside of peak season holiday. Or if you have school-age children and you need a lot of money in August to pay for books, laptops or tuition, then you would rather get the money in that month.
Traveling Expenses
The budget is often used as an exchange of expenses. The reason is thatemployers may reimburse costs normally to distance of 30 kilometres. But if you have to travel more, you can get that also reimbursed.If you do that in your individual budget, you do not pay tax on it. Also for employers the paying additional expenses in this way is attractive, explains Van der Velpen. Because they do not pay on that amount any employer costs.
According to figures from Raet, inthe non-profit sector almost all employees receive a year-end bonus; while of all employees in the business sector three quartersreceive nothing.
Source: http://www.rtlnieuws.nl