SoCap Token
SoCap Token
An optional module that lowers the employer's cost of employment and raises the employee's net pay. You enable it yourself in the onboarding wizard — the rest of your configuration stays unchanged.
SoCap Token is an opt-in module — disabled by default. You enable it in the onboarding wizard; if you don't enable it, the app works exactly the same with no mention of the token at all.
What the token is — the legal definition
Stick to this wording
The token is an entitlement to purchase services at preferential prices. Never call it a "voucher" or a "coupon" — those are different legal constructs with different tax and social-security consequences.This definition is binding in all communication with the employee, in contracts, and in your materials. You'll find the full legal rationale and case law in the knowledge base: SoCap model.
What you have in the panel
| Section | What it's for |
|---|---|
| Module overview | Explains how the token works and where the benefit comes from — to share with your team. |
| Savings calculator | Calculate the employer's savings and the employee's net increase for your own payroll. |
| Benefits | A summary of the advantages for both the employer and the employee. |
| Your participation | Contact and module activation for your companies. |
Benefits
- Employer — a lower total cost of employment while keeping the employee's net pay the same.
- Employee — a higher take-home amount with no change to working conditions.
- Compliance — a model based on an entitlement to purchase services at preferential prices, not on a benefit in kind.
Relationship to the SoCap model
The token delivers the part of the salary described in the SoCap model as List 2 — remaining income. The payroll engine splits the payout into the base list and List 2, and the token module handles that second part.
Your participation — activation
- 1Enable the module in the onboarding wizard.
- 2Calculate the effect on your own payroll in the savings calculator.
- 3Get in touch through the "Your participation" section in the panel to activate the token for the companies you choose.
Related: SoCap model · SoCap Token settlements · Onboarding wizard