Employee Benefits in Spain

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Jan 06, 2015, 03:30 ET

NEW YORK, Jan. 6, 2015 /PRNewswire/ -- Synopsis

The report provides in-depth industry analysis, information and insights into employee benefits in Spain, including:
• An overview of state and compulsory benefits in Spain
• Detailed information about private benefits in Spain
• Insights into the various central institutions responsible for the administration of the different branches of social security
• The regulatory framework and recent regulations relating to Spanish employee benefits

Summary

The Spanish social security system covers the country's entire population, including foreigners who work in the country. It also protects those of Spanish origin, as well as their dependents who reside in foreign countries. The main objective of this system is to formulate a single and integrated model of social protection, in order to guarantee adequate social assistance and a source of funds for various benefits, with contributions from insured individuals, employers and the state. However, the recent sovereign debt crisis in Europe has adversely impacted the Spanish social security system. The recession in property dealings in 2008 affected Spain's property and housing sector, and thus raised the level of unemployment. As a result of this, the payment of unemployment benefits has increased, raising government expenditure, and forcing the state to impose high taxes and charge for all free medical and healthcare services. Furthermore, the country's private employee benefits sector was also adversely affected by the crisis.

Scope

This report provides a detailed analysis of employee benefits in Spain:
• 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, maternity and paternity benefits, family benefits, minimum resources, long-term care benefits, unemployment and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in Spain

Reasons To Buy

• Make strategic decisions using in-depth information related to Spanish employee benefits
• Assess the Spanish employee benefits market, including state and compulsory benefits and private benefits
• Gain insights into the key employee benefit schemes offered by private employers in Spain
• Gain insights into key regulations governing Spanish employee benefits, and their impact on companies

Key Highlights

• The Spanish social security system covers a large proportion of the population, and plays a significant role in the country's employee benefits market
• The social security system consists of eleven branches
• Private benefit plans are provided by companies as a supplement to statutory benefits
Read the full report: http://www.reportlinker.com/p02357026-summary/view-report.html

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