Begin benchmarking employee benefits in Portugal with this Market and Benchmark Insight Report for Portugal – 2022. Asinta’s Portuguese Partner, VISAVIS, compiled the information so it is easy to understand and gives you confidence as you move ahead with your decisions about which benefits to offer your employees in Portugal.
Updates inside the report for 2022 include:
- Page 2 – increases to the average base and minimum salaries.
Example details inside the report
Portugal used to have one of the world’s most generous social security systems. However, the political reforms since 2007, and the increasingly understaffed and overcrowded National Health Service (NHS), are raising awareness and the responsibility for retirement provisions and health insurance for individuals and employers.
Health insurance is the most valued and popular employee benefit in Portugal, and it seems that it will continue to be, along with life insurance solutions.
On the other hand, pension schemes are increasingly offered by companies because they are valued by older employees.
There is a continued interest in defined contribution plans. Most of the new schemes implemented by employers are defined contribution plans with the possibility of voluntary individual contributions made by employees.
Despite that, other social benefits are being more and more valued such as company cars or co-payments of schools and/or education costs of employees’ children.