February 27, 2024

Taylor Daily Press

Complete News World

One in five employees received a purchasing power bonus from their employer in 2023 |  Economy

One in five employees received a purchasing power bonus from their employer in 2023 | Economy

One in five Belgian employees will receive a purchasing power bonus from their employer in 2023. Human resources services company SD Worx announced this based on wage calculations for 1.2 million employees in the private sector.

The tax bonus followed a federal measure that allowed companies to give consumption vouchers based on their 2023 results. And with some success: 18% of Belgian employers chose to give their employees a bonus.

More blue-collar workers (26 percent) than white-collar workers (21 percent) received the purchasing power premium. The average amount given to them was also slightly higher than the overall average (€400 versus €375).

Up to 750 euros

The amount depends mainly on the various agreements concluded within the companies. However, its value was limited to 750 euros. Furthermore, the bonus should always have applied to the entire company or at least to an objective group of employees, such as all employees who fall under the same joint committee.

Regional differences were also identified. In Flanders, Limburg and West Flanders awarded the most premiums, at 33 and 30 percent respectively. The average amount is lower in Limburg at €260. In Wallonia, the most generous employers were in the province of Liège (26%), with Brussels and Walloon-Brabant having the lowest rates (17%).

The decision to grant the installment had to be made before December 31. However, it can still be paid until the end of March 2024. So the numbers may increase slightly.

Do you want to earn up to €12,000 tax-free this year? With these flexible, well-paying jobs, you'll be off to a good start

See also  European proposal: B+ driving license for SUVs

Three jobs with a net salary of 3,000 euros, and any higher diploma is sufficient for them

Four-fifths of good faith work for 2024? This is what happens to your salary and fringe benefits