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Employee Benefits in Slovakia

  • January 2015
  • 72 pages
  • Timetric
Report ID: 2625798

Summary

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Synopsis
Following independence in 1993, the Slovak government reformed taxation, healthcare, pensions and the social welfare system. These reforms helped the government to consolidate the budget and move towards joining the EU in 2004. The country also introduced several investor-friendly policies – including labor market liberalization and a flat 19% tax regime – which encouraged global investors to participate in the country’s economy until 2008, particularly in the automotive and electronic sectors.

Summary
The report provides in-depth industry analysis, information and insights into employee benefits in Slovakia, including:

- An overview of state and compulsory benefits in Slovakia

- Detailed information about private benefits in Slovakia

- Insights into various central institutions responsible for the administration of the different branches of social security

- The regulatory framework of employee benefits in Slovakia

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

- 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 benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, minimum resources, long-term care insurance and unemployment.

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

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

- Assess Slovakia’s employee benefits market, including state and compulsory benefits and private benefits.

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

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

Key Highlights
- The Slovak social security system consists of four main branches: social insurance, health insurance, state social support and social assistance.

- Compulsory pension insurance consists of mandatory old-age insurance and a mandatory pension saving system.

- Private employee benefits in Slovakia are income-based. The main private benefits, including cash and non-cash services, are provided by employers. In addition, many companies in the country offer supplementary pension savings.

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