Why Henchman is implementing the mobility budget with Mbrella
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Who is Henchman?
Henchman is the fastest contract drafting solution ever made. They help legal teams draft and negotiate contracts with instant access to their entire knowledge base. Most of their employees are working from their Ghent offices
Why the mobility budget?
While they actually hadn’t heard about the mobility budget before, a new employee made them see the light, after having it with their previous employer. So after some research, Louis Opsomer (Chief of Staff) and his team decided to implement the mobility budget at Henchman with the help of Mbrella.
Their employees are loving it, for different reasons. Maxine Stoop (Legal Tech Consultant) loves its flexibility, and rightly so. Through the second pillar of the federal mobility budget, a vast range of flexible mobility options becomes available, rather than a company car which isn’t always the best solution.
But that same pillar holds even more solutions. Virginie De Smecht (Marketing Manager) uses it to cover part of her rent. Didn’t know this was possible? You can discover more in our article on the mobility budget and housing costs.
How does Mbrella help Henchman?
With Mbrella it is super easy to roll out and manage the mobility budget to all your employees. Mobility expenses and commutes can easily be logged in our mobile app and managed by the HR department in bulk.
At any point in time, employees can check their current budget (as is legally obliged) within the Mbrella mobile app or website.
Want us to make your employees happy as well? Let’s talk!
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FAQs
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The federal mobility budget can not exceed 20% of the total gross wage of the employee (gross wage + all other benefits, but no holiday payment). Besides this the federal mobility budget can not be higher than 16.293 euro and not lower than 3.055 euro (figures of 2024).
Mbrella is the first corporate mobility solution that is designed to empower employees and unburden HR professionals completely. We offer software that helps you manage mobility budgets, commuting allowances, public transport subscriptions and much more.
Currently Mbrella offers 4 packages of 75, 150, 262 eur per month for respectively up to 25, 50 and 100 users on the platform. A custom-made plan can also be set up.
Mbrella is the first corporate mobility solution that is designed to empower employees while unburdening HR professionals completely. Mbrella enables employees to compose their own ideal mobility mix and monitor their allocated budget on the go through an intuitive mobile app. Our integration with your payroll provider ensures correct remuneration. Fair & flexible compensation packages with no admin, what’s not to like? On top of that, you can track the total impact of your company’s efforts with our Carbon Tracker.
To calculate the allowed mobility budget, you need to determine the Total Cost of Ownership (TCO) of the company car. This including all related expenses such as purchase or lease price, fuel, insurance, maintenance, taxes, and depreciation. You can use the actual costs formula or the lump-sum formula. The chosen calculation method should be used consistent within your company. Mbrella can help you calculating the TCO.
Employees eligible for the Federal mobility budget must either have a company car or be eligible for one under their employer's (car) policy. The previous waiting period requirement has been removed, allowing immediate eligibility. However, the mobility budget can only available if the employer meets some requirements (See "Is my company eligible to offer the mobility budget?")
Companies eligible for the mobility budget must meet specific criteria. Primarily, they need to have made one or more company cars available to their employees for an uninterrupted period of at least 36 months immediately before implementing the mobility budget. This eligibility ensures that the mobility budget can serve as an alternative to the company car system, promoting more sustainable transportation options.
The Federal mobility budget is a flexible system allowing employees to exchange their (right to a) company car for a budget. This budget can be spent on eco-friendly cars, sustainable transport options, and housing costs. Unused budget can be received as cash at the end of the year at a favorable tax rate. This offering tax benefits and promoting sustainable mobility.