Edenred Czech Republic launches Ticket Junior® on the Employee benefits market

Ticket Junior® is a unique benefit in the Czech Republic that can be used to cut employees' childcare fees and to return to work sooner.

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In September 2014, Edenred Czech Republic launched Ticket Junior® to meet the growing need for childcare solutions, in a country where parental leave lasts 2.5 years on average.

Indeed the shortage of places in public day centers and the high cost of private establishments mean that parents, and mothers in particular, often delay their return to work.
This can hinder their professional career and also penalize the companies that fund the national health insurance scheme.

Ticket Junior®, a digital and turnkey solution

236,000 pre-school aged children 5 million active workers Average length of parental leave: 2 to 3 years Monthly cost of a private childcare center: about 450€ Average wage: about 860€

Ticket Junior®, which falls within the Czech law on tax credits, allows employers to pay a part of their employees' child care fees. This benefit is not taxed.

The web portal Ticket Junior® solution allows the employees of corporate clients to send the pre-school fee to the affiliated entities offering pre-school age childcare services.

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards).

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.