Leisure and holidays
A good work-life balance is key to motivated and engaged employees. Incorporating leisure and holidays time into your benefits policy helps foster this well-being on a daily basis. By valuing this free time, your company creates an environment conducive to motivation, engagement, and loyalty.
Co-finance your employees’ leisure and holidays time
and support their well-being
Contribute to your employees’ leisure and holidays budgets and reduce your expenses at the same time. Did you know that Swiss law allows you to co-finance their vacations, trips, and leisure activities up to CHF 600.- per year, completely exempt from social security and tax charges?
With this benefit, you improve the quality of life of your teams without burdening your budget.
For the employer
- Up to CHF 600.- per year and per employee exempt from social security contributions and taxes, thus optimizing the remuneration policy.
- Enhances employer branding with a work-life balance benefit.
- You co-finance 20% only when the employee contributes 80%, without advance or annual commitment.
- No manual management or expense reports: everything is automated via the Benefits Manager, our all-in-one benefits management tool.
For the employee
- A better life balance and more opportunities to recharge.
- The money is credited to the Swibeco Card and can be used directly with the leisure partners offered – without administrative complexity.
- An employer-employee partnership: a model perceived as fair and rewarding.
- A tax-free benefit, the employee truly enjoys a tenfold increase in purchasing power.
An employee benefit that adapts to each person’s preferences and lifestyle
The Swibeco Card is accepted across the entire VISA network, in merchant categories related to leisure and travel. Hotels, campsites, travel agencies, amusement parks, museums, cruises, and even aquariums: your employees are free to choose the activities that interest them. The best way to ensure they’re truly happy!
Unlike a bonus paid directly into a bank account, you have the guarantee that this Leisure and holidays budget can be used exclusively in establishments related to these activities. You ensure that you contribute to improving their quality of life during their free time.
Easy payment, transactions under control
The Swibeco Card is compatible with Google Pay (Apple Pay coming soon), allowing for easy smartphone payments. A physical card is also available, depending on the user’s preferences.
From the Swibeco mobile application, each employee can track their balance and transactions in real time, to maintain control over their leisure and holidays budget.
Flexible Benefit Leisure and holidays : fully tax-free amounts
In Switzerland, employers have the option to contribute to their employees’ leisure and holidays budgets through financial contributions, with an attractive tax benefit. Up to CHF 600.- per year per employee can be fully exempt from social security contributions and taxes.
You thus support the purchasing power of your employees while optimizing your remuneration policy.
To benefit from this offer, employees must first make a personal contribution. They choose the amount they wish to spend on their leisure time, within the limits set by your company. You contribute up to 20% of this amount, offering them a discount on their contribution. The total amount is paid into their Swibeco Card.
Examples: You want to offer the maximum subsidy of CHF 600.-/year per employee. Sara wants to allocate a total budget of CHF 3’000.- for leisure. You contribute 20%. As a result, Sara pays CHF 2’400.- and your company CHF 600.-.
Another employee, Marc, wants to allocate a total budget of CHF 2’000.- for leisure. You contribute 20%. This time, Marc pays CHF 1’600.- and your company CHF 400.-.
Example calculation for an employee
Maximum annual grant
CHF 600.-
Savings on social security contributions vs. salary for the company*
CHF 120.-
Savings on social security contributions and taxes for the employee*
CHF 218.-
* Employer social security contributions 20% | Employee social security contributions 15% and marginal tax rate of 25%
Less administrative burden, more free time
Compared to an allowance paid in the form of a salary, contributing to the leisure and holiday budget on the Swibeco Card is an advantageous alternative, both for your company and for your employees.
Allowance paid into the bank account
The allowance may be absorbed into everyday expenses (rent, insurance, etc.)
Subject to social security contributions and taxes on the entire amount paid
Low impact on employer brand perception
Heavy administrative processing
Swibeco Card
Use restricted to leisure, holiday and activity partners
Exemption from social security contributions and taxes up to CHF 600.- per year and per employee
Use during recreational times that enhances the benefit offered by the company
Automatic payment after employee request
5 steps to enhance your employer brand
Request a demo and discuss with our team how to integrate the Leisure and holidays allowance into your benefits policy.
Set your co-financing rules in the Benefits Manager. For example, choose to contribute 20% of the amount paid by the employee, with a maximum of CHF 600.- per year.
The employee chooses the amount of their choice via the Swibeco application to activate the benefit.
The employee’s contribution is deducted from the net salary and the employer pays the total into the card.
Combined amounts are accessible on the Swibeco Card and are ready to be used across the extensive VISA acceptance network.
The Benefits Manager, a centralized management interface to optimize your time
All Flexible Benefits are managed via the Benefits Manager, an interface designed to optimize HR operations. You can manage all your employee benefits in a single digital space.
Automation of Leisure and holidays allowance payments
Reimbursing expense reports to help fund your team’s leisure activities is a thing of the past. With the Swibeco solution, you define automation rules and credit your employees’ cards. The amounts are immediately accessible and can be used as employees wish.
A tailor-made benefits policy, aligned with your HR priorities
The Leisure and holidays allowance is part of a flexible benefits package designed to meet the changing expectations of employees. Today, salary alone is no longer enough to attract and retain employees: extra-salary benefits have become a strategic lever at the heart of CSR policy.
Health and well-being, Lunch, gifts, rewards, mobility, perks and discount platform… Create a benefits program that reflects your values, strengthens your employer brand and adapts to your company objectives.
