Employee benefits & policies in Spain

With so many employee benefits options in Spain, how do you choose the right benefits for your team?

Ben character at his computer

Employee benefits & policies in Spain

We’ve done the heavy lifting for you and created a handy guide to employee benefits in the Spain.

To help you choose the perfect package for your team, we’ve outlined what counts as a:

  • statutory requirement
  • standard benefit
  • great benefit
Question mark
Benefits policies - company policies that involve employee benefits e.g., holidays, flexible working, maternity/paternity, etc.
πŸ“
Statutory
β˜‘οΈ
Market Standard
🌟
Great

Holidays

πŸ“
Statutory

Not applicable

22 days + 10 national holidays

πŸ‘
Competitive

Additional state/local holidays

πŸ‘
Above & Beyond

Unlimited PTO

Sick Leave

πŸ“
Statutory

Not applicable

Days 1-3 unpaid

Days 4-15 paid by employer

Days 15+ paid by social security office

πŸ‘
Competitive

15 days full pay

πŸ‘
Above & Beyond

Full pay for 30 days

Paternity Pay

πŸ“
Statutory

Not applicable

16 weeks of leave - 100% of salary paid of social security office

πŸ‘
Competitive

Additional 10 weeks leave with full basic pay

πŸ‘
Above & Beyond

Additional 16 weeks leave with full basic pay

Maternity Pay

πŸ“
Statutory

Not applicable

16 weeks of leave - 100% of salary paid of social security office

πŸ‘
Competitive

Additional 10 weeks leave with full basic pay

πŸ‘
Above & Beyond

Additional 16 weeks leave with full basic pay

Other

πŸ“
Statutory

Not applicable

13th & 14th month salary - 1/14th employee annual salary

πŸ‘
Competitive
πŸ‘
Above & Beyond

Mental Health Leave

Stock Options

Personal Development Leave

Question mark
Core benefits - Β traditional employer-paid benefits products e.g., insurances (health/life) and pension with core coverage
πŸ“
Statutory
β˜‘οΈ
Market Standard
🌟
Great

Medical

πŸ“
Statutory

Not applicable

Social security premium - 28.3%, Employer contribution 23.6%, Employee contribution 4.7%

πŸ‘
Competitive

Supplemental policy

Employee fully covered by employer, Dependents fully covered by employee or split with employer

πŸ‘
Above & Beyond

International Private Medical Insurance

Other Health

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Dental Plan

πŸ‘
Above & Beyond

Mental health services or therapy

Dental Stipend

Pension

πŸ“
Statutory

Not applicable

Employee contribution through social security payment

πŸ‘
Competitive

Supplemental pension plans ranging from 60% to 80% of a final salary. Pensions are frequently calculated as a percentage of earnings

πŸ‘
Above & Beyond

Supplemental plan at 100% of final salary

Life Insurance

πŸ“
Statutory

Not applicable

Employee contribution through social security payment

πŸ‘
Competitive

2x annual salary

πŸ‘
Above & Beyond

Private supplemental insurance

Critical Illness

πŸ“
Statutory

Not applicable

πŸ‘
Competitive
πŸ‘
Above & Beyond
Question mark
Supplemental benefits - contemporary benefits to give your benefits package an edge e.g., flex allowances & salary sacrifice options
πŸ“
Statutory
β˜‘οΈ
Market Standard
🌟
Great

Wellbeing

πŸ“
Statutory

Not applicable

πŸ‘
Competitive
πŸ‘
Above & Beyond

Subsidised gym plans

Learning and Development

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Monthly/yearly budget for trainings, courses and conferences

πŸ‘
Above & Beyond

Language classes

Working from Home

πŸ“
Statutory

Not applicable

πŸ‘
Competitive
πŸ‘
Above & Beyond

Negotiable or Fully Remote with flexibility

WFH allowance

Salary Sacrifice & Other

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Lunch vouchers (€220 per month/11 months a year)

Public Transport tickets (€1.500 /year, from home to work )

πŸ‘
Above & Beyond

School for children 0-3 years of age without limits

Professional training/language courses

20% tax exemption for cars

Food & Drink

πŸ“
Statutory

Not applicable

πŸ‘
Competitive

Monthly socials/happy hours

Weekly breakfast in office

Free lunch once a week

πŸ‘
Above & Beyond

Discounts with local cafes and restaurants

Daily breakfast in office

In office snacks, beverages, and salads

Weekly socials/happy hours

Free lunch a few days a week

What are the tax implications of employee benefits & policies in Spain

Tax is a tricky one - especially with a global team to manage. Our tax guide simplifies the tax implications of various employee benefits in Spain for you.

We’ve narrowed down how employee benefits affect:

  • Tax reporting
  • Employer tax
  • Employee tax
Question mark
Benefits policies - company policies that involve employee benefits e.g., holidays, flexible working, maternity/paternity, etc.
πŸ“
Tax Reporting
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
‍Employee Tax
No items found.
Question mark
Core benefits - Β traditional employer-paid benefits products e.g., insurances (health/life) and pension with core coverage
πŸ“
Tax Reporting
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax
No items found.
Question mark
Supplemental benefits - contemporary benefits to give your benefits package an edge e.g., flex allowances & salary sacrifice options
πŸ“
Tax Reporting
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Wellbeing

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Learning and Development

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Working from Home

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Salary Sacrifice & Other

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

Food & Drink

πŸ“
Statutory
πŸ‘©β€πŸ’Ό
Employer Tax
πŸ‘«
Employee Tax

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