Employee Benefits in Switzerland, 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis

Employee Benefits in Switzerland, 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis

Summary

The Swiss social security system comprises various forms of social insurance, which aim to protect both people living and working in Switzerland and their dependents. It is organized federally, and social security responsibilities are divided between federal and cantonal authorities. The Swiss social security system consists of five components: old-age and disability pension; protection against the consequences of illness and accidents; income compensation allowances for military, civilian, or civil defense services; maternity and unemployment insurance; and family allowances.

The Swiss economy is based on a highly qualified labor force performing highly skilled work. Most of the country’s residents are employed by small and medium-sized enterprises.

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

Key Highlights

• The Caisse nationale suisse d’assurance en cas d’accidents, Caisse Cantonale Vaudoise De Compensation AVS, Office fédéral de la santé publique, Office Federal Des Assurances Sociales, Secrétariat d'État à l'économie, and Conférence suisse des institutions d’action sociale (CSIAS) 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 credited contribution.
• In Switzerland, employers provide voluntary retirement benefits to their employees through voluntary contributions to occupational pension plans under Pillar II.

Scope

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

• 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, Long-Term Care benefit, Minimum Resource benefit, unemployment benefit, leaves and holidays and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in Switzerland

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