May 2, 2019

What Is Employee Savings? Savings and Profit Sharing

It is simply a savings provided by certain companies to their employees. Its functioning is based on the participation and the profit-sharing established by the State. Salary savings and participation Companies with 50 or more employees are directly involved because participation is mandatory in this type of structure. Participation involves involving employees of the company within the company in order to increase productivity against a return in the form of employee savings. The contribution collected is considered as an income so taxable, it can be recovered by any employee within a period of 15 days. It is quite possible to leave this savings aside and recover it whenever you want….