Benchmarking Employee Benefits in Bulgaria – 2021

Benchmarking employee benefits in Bulgaria 2021This Asinta market guide is an easy way to begin benchmarking employee benefits in Bulgaria for 2021. The report is prepared by Asinta’s employee benefits consulting Partner in Bulgaria, MAI CEE, and gives you the fundamental information you need to know about offering employee benefits in the country. The material is easy to understand and is designed to help you move forward confidently with your decisions about the benefits you want to offer employees in Bulgaria.

Inside the report, you’ll find details about benchmarking employee benefits in Bulgaria for 2021 including:

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

The following is an excerpt.

Overall Benefit Recommendations

Medical insurance is the most valued benefit by employees since it gives them easy access to:

    • Outpatient medical treatment by qualified medical specialists
    • Highly specialized diagnostic tests (CT&MRI)
    • A full range of dental services
    • Reimbursement for vision and prescription expenses

For inpatient care, most medical insurance products provide that insurance can be used only in excess of the state-provided hospital care.

Life insurance is strongly recommended (life and long-term disability risks) since the state’s benefits are very low.

Voluntary pension insurance is the third pillar of the Bulgarian pension system. It’s gaining popularity among middle-aged employees middle age, and it’s typical to split contributions between the employer and the employee.

Perks such as meal vouchers, gym membership cards, access to different facilities on the office premises, qualified and certified training, internal training and seminar participation, longer annual paid leave, mentor programs, and perks are popular.

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Other helpful information

 

This information about benchmarking employee benefits in Bulgaria 2021 is provided by MAI CEE, Asinta’s employee benefits consulting Partner in Bulgaria.