Employee welfare plans

Welfare Aziendale - Toffoletto De Luca Tamajo

Translation: "Employee welfare plans can reveal new possibilities. Let's explore the opportunities."

Our firm has set up a team of lawyers dedicated to employee compensation & benefits, including welfare benefit plans.

Employee welfare benefit plans are a fundamental and very powerful management and organizational incentive, the implementation of which requires the involvement and coordination of various departments of the company, such as HR, Tax, Legal, Operations and Communications, etc. The plans have a significant internal and external impact on companies and, as a result, require a multidisciplinary advisory approach, considering the variety of professional skills required for managing the whole process.  

The changes in legislation in the last three years – the Italian Stability Law 2016 and the Italian Budgets 2017 and 2018 – have boosted a change in employee welfare benefit plans, signaling a new model of employee welfare. We are no longer faced with a system of works, goods and services which mainly have social interest, but a new and, if used correctly, very effective incentive for organizational innovation. 

Our Service

Employee welfare benefit plans are a fundamental and very powerful management and organizational incentive, the implementation of which requires the involvement and coordination of various departments of the company, such as HR, Tax, Legal, Operations and Communications, etc. The plans have a significant internal and external impact on companies and, as a result, require a multidisciplinary advisory approach, considering the variety of professional skills required for managing the whole process.  

The changes in legislation in the last three years – the Italian Stability Law 2016 and the Italian Budgets 2017 and 2018 – have boosted a change in employee welfare benefit plans, signaling a new model of employee welfare. We are no longer faced with a system of works, goods and services which mainly have social interest, but a new and, if used correctly, very effective incentive for organizational innovation. 

The team can also provide support and training to internal departments involved in the project - HR, legal, tax, marketing and communications - working side by side with them at all stages of the project, including the training of Italian works councils and the communication and information provided to the employees, as well as the subsequent monitoring of the plan’s implementation.

The implementation of a successful employment welfare benefit plan is a well-structured process and is difficult to standardise. It requires the work and collaboration of different corporate departments and external professionals, as well as significant experience in the sector, thereby ensuring that any situation that may emerge during the implementation process of the plan will be managed well. 

How much does it cost?

The service is always tailored to the client and is performed on the basis of a fee that is agreed upon beforehand with the client. The fee charged largely depends on the size of the company, the complexity of the corporate organisation, the stages of the project for which we are asked to work, the level of cooperation that the client is able to provide with regard to the extraction of the necessary data for the analysis, and other factors that are analysed together with the client.

One thing is certain though: an employee welfare benefit plan that is well done pays the company back, not only economically but also with regard to the positive effects that it generates on members of the company and the corporate organisation.

WHO CAN I CONTACT TO FIND OUT MORE?

For further information, please contact Donatella Cungi  (Firm partner and head of the firm's Employee Welfare Benefit team).