Status: LIVE

Personal Budget

It's a budget of 1.000 EUR per year, available to every employee. You can spend it on whatever you want. Some people like going to the gym, others like playing video games. We don't want to tell you what's right for you. We want to make 9Y a great place to work, we want to attract great talent, and also keep it. We think that having a super libertarian budget like this makes sense.

What can I spend it on, give me some examples?

• a work trip to Portugal where you and a couple colleagues rent a house on the beach and work from there for a week.

• buying your work devices from the company (thus making you the owner of it)

• a gym membership

• ski-pass

• conference tickets

• education (in all forms: online course, books, training, certifications, etc.)

• home-office furniture

• public transport

• vaccinations

• … see table below for more info

Does everything come out of my personal budget? What about a work trip?

Business trips are still business trips and the company pays for that. They don't come out of your personal budget. A client requesting some on-site work is clearly a business trip. Going to a team-building with your client is not a business trip, so that comes out of your personal budget.

Does all hardware come out of my personal budget?

No, your standard issue 9Y equipment does not come out of your personal budget.

What about the 500 EUR education budget?

This personal budget replaces the old education budget.

Fine print

• If you choose to go to Mongolia for a week, then you are doing this at your risk, and you are responsible for arranging your health and travel insurance, vaccinations, visas, etc. If you get bitten by a snake, then that's on you. Depending on the situation, we might ask you to sign a waiver before we unlock the budget.

• The budget is issued at the beginning of the year.

• If you don't spend it by the end of the year, it expires. No rolling over into the next year.

• Budget use is recorded and the leads will have access to this information.

• The cost-to-company is the relevant number for tracking your budget consumption. This might be either lower or higher that the sticker price, depending on the legal classification of the expense.

• If you join in the middle of the year, the budget is prorated. E.g. if you join on the 1st of March, then you get 833.33 EUR in your first year.

• No budget overspending, so you can't spend more of your budget this year and have it subtracted from your budget next year.

• You can’t use your personal budget if you are in the process of leaving the company.

• To use the budget, tell your Team Lead what you want to spend it on, who will tell you what legal category it falls in and what the next steps are. Depending on what it is, we may use a reimbursement system vs the company paying for it directly.

Legal classification

Classification implications

• Direct company expense

  • Tell your TL what you want to buy (e.g. share a link to a conference ticket), and the company will buy it for you.

  • Only the net price is subtracted from your personal budget. E.g. for a ticket that costs 120 EUR (of which 20 EUR is the VAT), you only spend 100 EUR from your personal budget.

• Reimbursement

  • Once your TL approves it, buy it yourself, and the company will reimburse you the cash.

  • The gross price is subtracted from your personal budget. E.g. for a plane ticket that costs 120 EUR (of which 20 EUR is VAT), you spend 120 EUR from your personal budget.

• Receipt(s)

  • Whatever you spend it on - please send the receipt to billing@9y.co