This 2021 market and benchmark insight report for Croatia is an easy way to get the fundamental information you need to know about offering employee benefits in the country. The report is prepared by Asinta’s employee benefits consulting Partner in Croatia, 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 Croatia.
Inside the report, you’ll find details about benchmarking employee benefits in Croatia for 2021 including:
- Statutory Benefits
- Insured Benefits
- Fringe Benefits and Perks
- Plan Setup
The following is an excerpt.
Mandatory and social security benefits
The social security system plays an important role in providing employee benefits to the people of Croatia. Retirement, death in service, long-term disability, unemployment, maternity and paternity, family, minimum resources, long-term care, and medical are the primary state and compulsory benefits provided in Croatia.
Employee benefits available as insurance products
Croatia has a highly developed social security system, and the state entirely regulates it without the possibility for insurers and broker’s involvement. As a result, the voluntary employee benefits market is not very developed, and it is limited to several insurance lines.
Economic and regulatory situations relating to employee benefits in Croatia
Foreign investors are often surprised by the relatively high labor costs in Croatia compared with their expectations of the region. Employers should also be aware of the high cost of providing benefits in Croatia. With employment law weighted in favor of workers, employers can find the cost of providing statutory benefits, such as pensions and health insurance, high. There is also a considerable difference between net and gross salary. Regardless, some employers provide their employees with voluntary benefits through voluntary insurance contracts. They vary substantially based on a company’s attraction and retention goals, culture, and the business sector. Employees do not always perceive these benefits to be important. Croatian employees regard performance-related pay and opportunities for professional training as more valuable than benefits such as pensions or healthcare.
Other helpful information