The number one employee benefit people in Lithuania care about is supplementary health insurance. Although the state healthcare is considered good, coverage such as dental care is not included. When asked to rank three other common benefits in order of importance, employees in Lithuania will likely say: Death, Disability and Retirement.
Visit Nida, a small fishing community with beautiful blue and brown painted wooden houses.
Supplementary health insurance is becoming a must-have, due to the tax benefits.
Average Cost For Employer Sponsored Benefits
You can expect to pay about 40 Euros per month.
Health insurance is the number one benefit, so carry out research and invest accordingly.
Also note that the Lithuanian government has a compulsory Guarantee Fund in place with employers having to contribute 0.2% of gross salary. This lets the government to pay employees a minimum salary in case of bankruptcy.
Business in Lithuania is sophisticated. They have the fastest internet speeds in Europe and the fastest public WiFi network in the world. The engineering industry works for many of the largest companies in the world and laser producers count NATO and the Pentagon amongst their clients.