Employee Benefits in Switzerland 2021

Employee Benefits in Switzerland 2021

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 defence services; maternity and unemployment insurance; and family allowances.

The Swiss economy is based on a highly qualified labour 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: 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.

The Swiss social security system is divided into five categories, as follows - Pension insurance - Old-age, survivor’s, and invalidity insurance (three-pillar system)Health insurance Accident and occupational diseases insuranceUnemployment insuranceMaternity and family allowancesThe first pillar of the pension scheme is old-age and survivors’ insurance (OASI), which is also known as the Hinterlassenenversicherung - assurance-vieillesse et survivants (AHV-AVS)/Invalidenversicherung - Assurance-invalidité (IV-AI) schemeThe second pillar is complementary to the first pillar, which is related to the old-age, survivors, and disability pensionThe third pillar is a private pension provision, which aims to fill any gaps in coverage by taking individual requirements into accountScope

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 benefitsIt 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, leave and private benefitsIt highlights the economic and regulatory situations relating to employee benefits in SwitzerlandReasons to BuyMake strategic decisions using in-depth information related to employee benefits in Switzerland.Assess Switzerland's employee benefits market, including state and compulsory benefits and private benefits.Gain insights into the key employee benefit schemes offered by private employers in Switzerland.Gain insights into key organizations governing Switzerland's employee benefits, and their impact on companies.