Benchmarking Employee Benefits in Belarus – 2021
Request Asinta’s Market and Benchmark Insight Report for Belarus 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.
Belarus had one of the world’s most generous social security systems at one time. However, the increasingly understaffed and overcrowded medical institutions are shifting retirement provisions and health insurance onto individuals and employers.
Health insurance is the most valued employee benefit in Belarus, followed by life insurance. In addition, companies increasingly offer pension schemes because older employees value them.
There is a continued interest in defined contribution plans. Most of the new schemes are defined contribution plans with the possibility of voluntary individual contributions made by employees.
In addition, other social benefits are more and more valued, such as company cars, co-payments for soft skills courses, and different sports discounts for employees.
Other Helpful Information
- Ministry of Labor and Social Protection
- Social Protection Fund of the Population
- Business Etiquette in Belarus
- MAI CEE website
This information about benchmarking employee benefits in Belarus is provided by MAI CEE, Asinta’s employee benefits consulting Partner Belarus.