Edenred has leveraged its experience and expertise in the meal and food voucher segments to develop other products designed for employers wishing to grant their employees other types of benefits (contributions to childcare, transport and gifts, etc.).
Childcare Voucher® is one of Edenred’s leading products. As underscored in the study “Workplace Solutions for Childcare", carried out by the International Labor Organization and published in February 2010, childcare is a complex issue, giving rise to different problems depending on the country.
The launch of Childcare Vouchers® meets the needs of all those concerned through the provision of subsidized childcare solutions for employees during working hours in companies that do not have childcare facilities.
The fact that the employer’s contribution is partially or totally exempt from income tax and social security charges allows the employer to provide financial support at a limited cost for services meeting the increasing needs of employees in today’s society, and in particular resulting from the increased role of women in the workplace.
The involvement of the employer is significantly simpler and less expensive than other solutions, such as corporate child-care facilities. Facilities accessible through the voucher program are accessible to all employers, including small, medium-size and very small companies.
The childcare voucher enhances the purchasing power of the beneficiaries, while ensuring that this benefit will be used for childcare purposes. The voucher offers parents a wider choice of solutions, including child-care facilities or qualified childcare professionals.
Childcare Voucher® is already distributed in many countries, including in the United Kingdom, where it was first launched and is now mainly marketed on-line, as well as in France (as part of Ticket CESU® offer), Belgium, Spain and Austria.
OTHER PRODUCTS LINKED TO THE QUALITY OF LIFE OF EMPLOYEES:
Vouchers allowing private and public companies to partially finance commuting expenses for employees.
Main countries: Brazil, the United States, Italy and Uruguay
A service voucher, which is fully or partly subsidized by companies, works councils and public sector employers, enabling employees to finance over 20 domestic services at a reduced cost.
Main countries: France
Gift vouchers benefiting, in certain countries, from exemption from income tax and/or social security charges, which employers can grant to employees for special events (wedding, birth of a child, Christmas, etc.)
Main countries: France, Romania, Hungary, Belgium and Brazil.
Vouchers enabling employers to contribute to the cost of employee holidays.
Main countries: Romania, the Czech Republic and Slovakia.
Vouchers allowing employees to purchase products in affiliated stores offering ecofood products only.
Main countries: Belgium