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Czech Republic (Czechia)

Employee Benefits Report

Product Employee Benefits Reports Rev Czech Republic

Key Highlights

Get access to Axco’s online product for a comprehensive understanding of employee benefits in the Czech Republic

  • Details of the state and compulsory benefits
  • Insight into typical market practice
  • Examines changes to the costs and benefits of social security and mandatory benefits requirements
  • Demographic and economic information including projections
  • Mandatory pension provision, normal and parental leave and other state benefits
  • Details of applicable taxation
  • Extensive geopolitical and operational risk analysis

Report Overview

Comprehensive employee benefits information for the Czech Republic. Details mandatory benefits and plans as well as typical market practice. Includes data on pensions and retirement benefits, employee leave and termination indemnities.

Axco's employee benefits report for the Czech Republic provides expert analysis of the Czech benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in the Czech Republic or thinking of entering the market.

The comprehensive report is produced by a dedicated research team with years of experience in international employee benefits. The report outlines all key benefits in the Czech Republic, including insight into changes to the costs and benefits of social security and mandatory benefits requirements, as well as typical employer practice. Information and necessary details on new legislative mandates are regularly updated to ensure you remain compliant.

Suitable for international employee benefits consultants, brokers or corporates looking at establishing business in the Czech Republic, the report outlines the employment benefits requirements for your employees in the Czech Republic. Coverage extends to retirement benefits, death in service benefits, long-term disability, medical benefits, workers compensation, personal accident insurance, termination indemnities, maternity benefits & maternity/paternity benefits and other employee and state benefits.

Axco analysts also report on the economy of the Czech Republic, the local political situation, and climate, operational, and security risks.

Czech Republic Report Extract

Below is a very brief extract of information from the Czech Republic Employee Benefits Report; more updated information may be available in the latest published report.

Retirement

Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided through state pension insurance (pillar I), administered by the Czech Social Security Administration (CSSA).

Typical Employer Practice

Around 70% of employers provide supplementary retirement benefits (pillar III); benefits are provided through voluntary contributions to the following funds ...

The report contains more information on retirement benefits in Czechia including Benefit Provider; Type of Plan; Eligibility; Retirement Age; Pensionable Salary; Vesting and more



Termination Indemnities

Benefit provider

State & Compulsory Benefits

Termination indemnities in the form of severance payments are provided by the employer.

Typical Employer Practice

Supplementary termination indemnities are not common; however, some employers may provide …

More information on Eligibility; When Benefit is Paid; Benefit details and the associated Taxation applicable to termination indemnities is available in the report.

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£550

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