Brazil is still one of the most underinsured countries in the world. That being said, it’s no surprise that employees in Brazil care most about their health insurance and medical plan. It is an essential and common benefit amongst medium and large companies in Brazil.
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As well as providing a quality service and reducing waiting time in the public health care system, health insurance tends to reduce absenteeism. This benefit also helps employees have a faster recovery rate, enabling them to return to their job sooner.
When asked to rank three other common benefits in order of importance, the average Brazilian employee will respond with: Dental, Life and Retirement Benefits.
Wellness programs are a big trend right now.
Average Cost For Employer Sponsored Benefits
The average cost of employer sponsored benefits is around 2618 Reals.
Advice To Employers
Hiring in Brazil is quite costly, not because of salaries, but due to the hiring process and employee benefits. Be aware of this before starting the hiring process.
Employee benefits often include a box of foodstuffs, such as rice, beans, sugar, coffee, etc. for blue-collar workers which is considered standard in Brazil. White-collar workers are used to receiving money in the payroll or a food card with a specific amount for buying groceries, in addition to a meal card to be used at lunchtime. A 13th month salary is also a mandatory benefit.