Pay Rates And Fringe Benefits In Luxembourg's Commerce And Industry Sector: Insights From Our Survey

My company's remuneration packages seem good... but how do they compare to those of other companies? How representative is the information I hear about my competitors' fringe benefit packages? Where can I find insights and data that can help me make strategic decisions about rewards? The first edition of our remuneration survey dedicated to Luxembourg's commercial and industrial (C&I) organisations answers these questions and more. After polling organisations, speaking to HR professionals, and sorting through almost 5,000 data points, my team and I compiled the survey: specifically, we wanted to examine and compare how companies hire, keep, train, pay, and reward their employees.

Please read on for a summary of some of our findings.

Quality of life: inside and outside the office

For organisations, cultivating a culture of healthiness and happiness means thinking outside, as much as inside, the office. Most participants (67%) stated that they already have a "quality-of-life policy" in place.

At a glance, the most popular initiatives for employee health and happiness in the workplace are as follows:

We also found that remuneration packages are about more than financial compensation. Luxembourg's commercial and industrial companies' top four fringe benefits are:

As you can see, company cars are the stars of the fringe benefit world. This area in particular will be one to watch in the coming year, as Luxembourg's recent tax reform brings new implications. Since 1 January 2017, drivers of company cars with low CO2 emission levels have benefited from lower taxes. On the company's side, the new tax reform also affects the cost of owning the car. Of the 65% of respondents who impose constraints on (or guidelines for) their company cars, 26% mentioned a maximum CO2 level as a constraint.

Incentives like this one will hopefully mean a greener future. Along these lines, it would probably be safe to bet on the rise of bicycles and electric vehicles in company transport programmes in the coming years.

Additionally, 94% of our respondents offer their employees parking slots. Most C&I organisations being located outside town centres, they provide parking slots to their employees without any contributions.

Digital labour and the future of the work environment

The commerce and industry sector is undergoing the same...