Forty per cent of small and medium-sized enterprises (SMEs) admit that they do not offer customised fringe benefits, such as mobility or cafeteria plans, due to their complexity, the resources and time required, or lack of information.
This was among the findings of a survey conducted by Monizze, a fintech firm specialising in issuing vouchers and bonuses, among 800 companies, 80% of them SMEs employing under 50 persons.
Over a third of respondents (36%) singled out a lack of demand as the principal reason for the absence of such benefits. Fewer than a quarter (23%) admitted they had not taken time to understand the relevant legislation. Sixteen per cent feared an increase in workload, and one in ten deemed such issues too intricate. Other respondents believed such benefits were simply too costly.
“These benefits do not cost more,” Jean-Louis Van Houwe, CEO and founder of Monizze, asserted. “For the same cost, the employee could have greater purchasing power through these tailored fringe benefits.”
To this end, Monizze launched an artificial intelligence-powered tool for businesses, named Alix. It uses current legislation and official Belgian Monitor texts to address specific queries related to the additional advantages.
“Alix gives no personal or commercial opinion, it just provides legislative texts in a simple, clear manner,” Van Houwe explained. The tool, which is updated regularly to match legislative changes, is free for Monizze’s clients.
