Meal Voucher Cards
Definition:
Meal voucher cards refer to a benefit that it offered to employees as part of a flexible compensation. Some employees opt in for a visa type of card, which they pay out of their salary, and use to pay for meals outside the office; this amount will not be taxed in personal income tax.
Offering this benefit is especially useful for employees that have children and planning to start a family, as these employees will save on meals. Another good thing about the employer’s meal voucher cards is that it also promotes excited within the workplace, which means that each employee will feel motivated to achieve results.
Part of speech:
noun
Use in a sentence:
This organization offers meal voucher cards for high performing employees.