Spain Market and Benchmark Insight Report – 2021

benchmarking employee benefits in Spain

Request Asinta’s Market and Benchmark Insight Report for Spain and get the essential information you need to move forward in your decisions about employee benefits in the country. The report reviews statutory benefits, insured benefits, fringe benefits and perks, plan setup, and onboarding.

The following is an excerpt.

Health insurance is the most valued and popular employee benefit in Spain, and it seems that it will continue to be, along with life insurance solutions. On the other hand, pension schemes are increasingly offered by companies because they are valued by older employees.

Most of the new pension schemes implemented by employers are defined contribution plans where plan contributions may come only from the employer or sometimes employee contribution is also required in order for the company to contribute. There is also the possibility of voluntary individual contributions made by employees if this is accepted by the company.

Despite that, other social benefits are being more and more valued such as meal vouchers, transport tickets, kindergarten costs, and company cars.

 

If you have further questions about employee benefits in Spain, please contact Asinta, and we will connect you with SARE’s local benefits experts.