Employee Benefits in Greece 2024

Employee Benefits in Greece 2024

Summary

The report provides in-depth industry analysis, information, and insights of the employee benefits in Greece, including an overview of the state and compulsory benefits in Greece, detailed information about the private benefits in Greece, 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 Greece.

Greece has one of the most developed and comprehensive welfare systems in the world. The Greek government provides various social insurance and assistance schemes, including insurance cover for the elderly, disability, sickness, unemployment, and survivors’ pension schemes. However, social assistance schemes are not provided to elderly people and repatriated citizens who receive other public welfare services. Greek private employers also offer various benefits to employees, including mobile phone benefits, gift vouchers, and stock options.

Key Highlights

• The Social Insurance Institute (IKA-ETAM), Employed Manpower Organization (OAED), Unified Fund Independent Employed (ETAA), Unified Staff Insurance Fund-Mass Media (ETAP-MME), Unified Supplementary Insurance Fund (ETEA), Labor Employment Office (OAED), National Organization for Health Services Provision (EOPYY) are responsible for the functioning of the overall social security system.
• A person’s national insurance contribution is determined based on their income.
• An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.
• In Greece, employers provide voluntary retirement benefits to their employees through occupational pension funds (OPFs).

Scope

This report provides a detailed analysis of employee benefits in Greece -

• 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, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment benefits, long-term benefits, minimum resources benefits, leaves and holidays and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in Greece

Reasons to Buy

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