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Corporate benefits and their impact on economy of a company. Case study

Author

Listed:
  • Vladimír Hobza
  • Jiří Skoumal
  • Vladimír Hobza

Abstract

Company WA confirms current trends that a mid-size company (by number of employees) may provide a developed employee care program. Under this program, the portion of benefits to total costs is systematically increased, while the increase in benefit costs is within the limit for growth of personal expenses. Based on the analysis of employee satisfaction with the current system of employee benefits, the management has decided to increase benefit programs year on year (2015/2016) by 1.9 mil. CZK. The resulting proposal is oriented by the priority of employees - to improve their lifestyle. The proposal is also tax favourable in regards to personal expenses, employee’s taxes and effectively promotes management objectives in the development and stabilisation of human resources. Implementation of all current and proposed benefits amounting to 6.7 mil CZK will lead to tax savings amounting to about 1.6 mil. CZK in 2016.

Suggested Citation

  • Vladimír Hobza & Jiří Skoumal & Vladimír Hobza, 2016. "Corporate benefits and their impact on economy of a company. Case study," Ekonomika a Management, Prague University of Economics and Business, vol. 2016(3).
    • Handle: RePEc:prg:jnleam:v:2016:y:2016:i:3:id:275
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    More about this item

    Keywords

    Corporate benefits; Corporate finance; Stabilization of human resources; Tax benefits; Firemní benefity; Podnikové financování; Stabilizace zaměstnanců; Daňová zvýhodnění;
    All these keywords.

    JEL classification:

    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions

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