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New Market Research Report: Employee Benefits in the Czech Republic

Recently published research from Timetric, "Employee Benefits in the Czech Republic", is now available at Fast Market Research


Boston, MA -- (SBWIRE) -- 09/29/2014 -- The Czech Republic has a well-developed social security system, and employers, employees and self-employed persons contribute to social security schemes. The Czech social security system is built on three pillars: compulsory social insurance, state social support system and social assistance. Compulsory social insurance covers pension insurance, health insurance and the national employment policy system. The non-contributory state social support system supports families with dependent children. The final pillar, tax-financed social assistance provides benefits to persons with disabilities, and assistance to those with insufficient income. The sickness insurance scheme is obligatory for employees, and voluntary for self-employed persons. Some groups such as students and women on maternity leave are insured without contributions, if certain conditions are met.

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Report Highlights

- The Czech social security system covers a large proportion of the population, and plays a significant role in the country's employee benefits market
- The Czech social security system is built on three pillars: compulsory social insurance, state social support system and social assistance
- Both social security and private employee benefits are popular in the Czech Republic
- Private benefits provide access to a range of services that improve employees' quality of life
- In the Czech Republic, increasing life expectancy is forcing many companies to offer a lump-sum amounts rather than monthly pensions, to keep benefit costs under control
- The recent debt crisis in European Union (EU) member states had an adverse impact on the employee benefits market

Report Scope

This report provides a detailed analysis of employee benefits in the Czech Republic:

- 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, unemployment and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in the Czech Republic

Reasons to Get this Report

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

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