The number one benefit people in Latvia care about is health insurance. It gives them the security that their health is taken care of and that the employer cares about its employees. When asked to rank three other common employee benefits in order of importance, Latvians will likely say: Disability, Death and Retirement.
Take time to visit the beautiful Baltic coast.
Right now wellbeing provisions such as gym memberships are very important to Latvian employees.
Average Cost For Employer Sponsored Benefits
The average monthly cost is 40 Euros per employee.
Make sure that you offer health insurance as an employee benefit as the level of state provided health facilities is very low. This is beneficial to both the employee and the employer.
The influence of trade unions is declining. It’s also important to note that Latvia’s workforce is multilingual, and has an advanced level of education, as well as a culture which promotes hard work and dependability.