A complete guide on employee benefits & perks in Spain

What are Employee Benefits?

Employee benefits are perks that are given to employees in addition to their salary. These benefits can include health insurance, life insurance, dental insurance, vision insurance, and more. Many companies offer employee benefits as a way to attract and retain talent. Employee benefits can be very valuable and can make a big difference in an employee’s quality of life.

Why companies in Spain offer employee benefits?

There are many reasons why companies in Spain offer employee benefits.
One reason is to attract and retain talent. By offering competitive employee benefits, companies can make themselves more attractive to job seekers. This is especially important in today’s tight labor market.

Another reason is to improve employee morale and motivation. When employees feel like their employer cares about their well-being, they are more likely to be engaged and productive.

Finally, offering employee benefits is simply good for business. Healthy and happy employees are more productive and take fewer sick days. This can lead to lower healthcare costs and increased profits.

What are the top employee benefits offered in Spain?

Spain is a country with a long tradition of offering top-notch employee benefits. In recent years, Spanish companies have been increasingly offering innovative and generous employee benefits packages to attract and retain top talent. Some of the most popular employee benefits offered in Spain include:
– Generous vacation time: Spanish companies often offer 25-30 days of paid vacation per year, far more than the average of 20 days offered in other European countries.

– Flexible working arrangements: Many Spanish companies offer flexible working arrangements, such as the option to work from home or have a flexible schedule. This is becoming increasingly popular as employees seek more work-life balance.

– Generous maternity/paternity leave: Spanish companies are required by law to offer 16 weeks of paid maternity leave and up to 12 weeks of paid paternity leave. This is significantly more than the average of 8 weeks offered in other European countries.

– Free or subsidized child care: Many Spanish companies offer free or subsidized child care, which can be a significant benefit for working parents.

– Employee discounts: Many Spanish companies offer employees discounts on products and services, such as gym memberships, car rentals, and travel.

– Employee stock options: Employee stock options are becoming increasingly popular in Spain as a way to attract and retain top talent.

– Other benefits: Other popular employee benefits offered in Spain include health insurance, life insurance, and pension plans

Top employee benefits providers in Spain

MantraCare is a leading provider of employee benefits provider in Spain. They offer multiple employee benefits programs for employees such as EAP, Corporate Yoga, Physical therapy, chronic condition reversal (for Diabetes & Hypertension), meditation, work counseling & more.

Top talent is a leading provider of employee benefits in Spain. They offer a wide range of services, including health insurance, retirement planning, and more. They have a strong focus on customer service and offer competitive pricing.

Seguros SURA is one of the largest employee benefits providers in Spain. It offers a wide range of products and services, including health insurance, life insurance, and retirement plans. The company has over 3,000 employees and more than 10 million customers.

Cost of Employee benefits program in Spain

The cost of an Employee benefits will vary depending on the provider, the size of the company, and the services offered.

In Spain, the average cost of an employee benefits program is €1,500 per year. This includes health insurance, paid vacation days, and other benefits. The cost of these programs can vary depending on the size of the company and the type of benefits offered.

MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.

Try MantraCare Wellness Program free