The concept of corporate welfare

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What does corporate welfare mean?
Corporate welfare is a set of initiatives, services and benefits that a company provides to its employees with the aim of improving their work and personal well-being. The definition of corporate welfare is part of the broader notion of welfare, an English term that means "well-being" and which in the socio-economic context indicates the set of measures aimed at ensuring the quality of life of people. Corporate welfare is distinguished by its private nature and by the autonomous initiative of the employer, who can decide unilaterally or on a contractual basis to introduce specific programs.

finds concrete application in numerous corporate contexts, both public and private, and plays an increasing role in improving the organizational climate. It helps to promote a linkedin data work-life balance, to support employee purchasing power and to strengthen loyalty towards the company. Its implementation also responds to the growing need to attract and retain talent through wellness policies.

The following sections will analyze the main types of welfare, the difference between public and private welfare, the characteristics of company programs and the main services included in welfare plans. The tax advantages provided by current legislation and contractual references such as those provided in the metalworking collective bargaining agreements will also be illustrated.