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Employee Benefits in France

  • March 2015
  • 69 pages
  • Timetric
Report ID: 2357018

Summary

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Synopsis
The report provides in-depth industry analysis, information and insights of the employee benefits in France, including: overview of the state and compulsory benefits in France, detailed information about the private benefits in France, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in France.

Summary
The French social security system is comprehensive in nature. It covers a wide variety of benefits such as healthcare, workmen’s compensation insurance, family allowances, old-age pensions, disability pensions and death benefits. Though the contribution made by employees and employers is huge, the French social security system is under severe financial strain due to the country’s aging population, which has led to an increase in spending on healthcare and pensions. The country’s social security budget is greater than its gross national product, which means that the cost incurred by the country for social security is more than the value of its domestic production.

Scope
This report provides a detailed analysis of employee benefits in France :

- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits

- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation, maternity and paternity
benefits, family benefits, minimum resources,, long-term care benefits, unemployment benefits and private benefits

- It highlights the economic and regulatory situations relating to employee benefits in France

Reasons To Buy
- Make strategic decisions using in-depth information related to employee benefits in France.

- Assess France employee benefits market, including state and compulsory benefits and private benefits.

- Gain insights into the key employee benefit schemes offered by private employers in France.

- Gain insights into key organizations governing France employee benefits, and their impact on companies.

Key Highlights
- The French social security system covers various occupations under different social security schemes. French employees are covered by the basic scheme, although there are autonomous schemes for self-employed individuals and professionals.

- Social security schemes are funded through national insurance contributions from employers and employees, as well as through taxation. Employees’ social security contributions amount to a percentage of their earnings, which the employers deduct from employees’ earnings and pay to the concerned authority.

- Granting private benefits is purely at the employer’s discretion, and is often used to foster a sense of belongingness among employees.

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