Benchmarking Employee Benefits in Armenia – 2021

benchmarking employee benefits in ArmeniaAsinta’s Market and Benchmark Insight Report for Armenia is an easy way to get the fundamental information you need regarding employee benefits in the country. The report is prepared by Asinta’s employee benefits consulting Partner in Armenia, MAI CEE. The material is easy to understand and gives you a solid footing to help you move forward confidently with your decisions about the benefits you want to offer employees in Armenia.

Inside the report, you’ll find details about benchmarking employee benefits in Armenia, including:

  • Statutory Benefits
  • Insured Benefits
  • Fringe Benefits and Perks
  • Plan Setup
  • Onboarding

The following is an excerpt.

Maternity and Temporary Disability

Armenian law governs maternity and temporary disability benefits for both employees and the self-employed. Those entitled to these benefits include:

    • Individual employees
    • Sole entrepreneurs and notaries
    • Others defined by Armenian law

The self-employed cannot receive this benefit if:

    • Activities were terminated
    • They were a micro-enterprise
    • If they received benefits under the law “On Tax Exemption of Activities in Border Settlements”

This law establishes the following types of temporary disability benefits issued in case of a temporary disability:

    • Due to disease (injury) (further-sickness benefit)
    • Which arose in connection with prosthetics (further – benefit in case of prosthetics)
    • Due to the need for sanatorium treatment (further — benefit for sanatorium treatment)
    • In connection with pregnancy and childbirth (further — maternity allowance)
    • In connection with disease (injury) of a family member in need of care (further — care allowance for a sick family member)

Other helpful information

 

This information about benchmarking employee benefits in Armenia is provided by MAI CEE, Asinta’s employee benefits consulting Partner in Armenia.