Benchmarking Employee Benefits in Croatia – 2021

Benchmarking Employee Benefits in Croatia 2021

Request Asinta’s Market and Benchmark Insight Report for Croatia 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.

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

 

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