5 Popular extra-legal benefits to boost the wellbeing and the purchasing power of your employees

In today’s competitive job market, salary is often the first factor employees look at—especially in our country, where the demand for labor is high. But did you know that extra-legal benefits can significantly increase the wellbeing and purchasing power of your employees? By cleverly using these benefits, you can improve their standard of living. Discover 5 popular extra-legal benefits in Luxembourg.

1. Meal vouchers

Meal vouchers— or as we call them here at Edenred: Edenred Meal—are a popular extra-legal benefit that is increasingly offered by employers. They allow employees to cover their meal expenses without it affecting their salary. While this might seem like a small benefit, it can have a significant impact on the monthly purchasing power of your employees. By offering meal vouchers, you smartly enhance their purchasing power and therefore their overall wellbeing.

2. Group insurance

Group insurance is an extra-legal benefit that not only supplements the salary but also provides a financial safety net. It offers some assurance for the employee themselves and their family in case of illness or accident. Employers who offer this insurance demonstrate that they care about their employees’ well-being and provide long-term financial benefits that increase the value of the salary.

3. Remote work allowance

In the modern work environment, a remote work allowance is a valuable extra-legal benefit. Employers who offer this allowance ensure that employees can improve their working conditions at home. This can range from reimbursement for internet costs to allowances for office furniture. Such extra-legal benefits can have a significant impact on the overall financial situation of your employees, making their salaries more effective.

4. Training budget

A training budget is another powerful extra-legal benefit that can increase an employee’s salary. By investing in your skills and knowledge, you can not only advance within your current role but also enhance your job market prospects. Employers who provide opportunities for employees to pursue further education invest in their future and well-being.

5. Gift vouchers

Gift vouchers—also known as Edenred Gift—are a growing extra-legal benefit. Employers who offer gift vouchers show extra appreciation for their employees. It is a way to thank employees for their hard work and dedication to the company.

It is clear that extra-legal benefits play a crucial role in supplementing salaries. By cleverly utilizing these six popular benefits, you can not only improve your financial situation but also better compensate for the value of your work. Don’t forget to take these benefits into consideration when drafting a salary package for your next job vacancy.