Reading time: 3 minutes.
Work benefits overseas
Many question which countries offer the best working benefits to assignees, but the bottom line is that there is no definitive answer. No single country offers the ‘best’ working benefits and instead, this is often dependent upon an employee’s preferences. However, some countries do rank highly in terms of salaries and ongoing benefits and so here at Santa Fe Relocation, we’re taking a closer look at the countries offering some of the most notable working benefits.
Average income: $63,062
Despite being one of the smallest countries in Europe, Luxembourg is one of the top countries offering the best working benefits. Employees in Luxembourg have a wide range of benefits available to them included in their contract from the offset. These benefits range from Luncheon Vouchers which can be used to pay for meals to a company car which can be used for both business and personal use. In addition, many employees can benefit from the Thirteenth-Month bonus; this is where an additional month’s salary is paid in December, providing employees with extra funds to spend during the holiday period.
Average income: $62,283
The next country offering some of the best working benefits is Switzerland. In terms of structure, Switzerland is similar to that of the United States, as it is an alliance of 26 states. There is also no federal minimum wage in Switzerland, meaning that salaries are generally higher compared to other parts of Europe. There are also a number of good employment benefits here; one of the major benefits of working in Switzerland is that employees with a contract with a Switzerland-based company for more than eight hours a week are eligible for the business to pay accident insurance. Employees that are off work for a period of time receive 80% of their wages during their time away from the office for up to 3 weeks, helping ease financial stress.
Average income: $60,558
As the third largest country in the world, the United States is understandably one of the leading countries offering the best working benefits. One key benefit of note is that some employees here can benefit from access to life insurance and medical care, of which the United States is ranked 29th out of 195 countries as part of the Bill & Melinda Gates Foundation Ranking of Healthcare Systems. In addition, while all employees are eligible to take 12 weeks of unpaid parental leave under the Family and Medical Leave Act 1993, some employers may provide additional benefits in order to improve employee retention and ease home stress.
Average income: $49,126
Compared to the other countries mentioned, Australia is a one that offers the lowest average income. Despite this, living in Australia is very much different to the United States, offering several additional benefits as a result. These benefits include fantastic career opportunities in industries such as mining, food processing and chemicals. Additionally, with a range of world-class educational facilities, employees are at no dead end when it comes to professional development. This is perfect for those who want to advance their career and develop their knowledge of their desired industry. In addition, Australia offers a high standard of living, having made investments in social infrastructure that led them to be ranked second in the world, making the country even more appealing to assignees.
While employees across the globe are presented with several working benefits, these are just a few of the countries offering the best. If you would like to receive more information on how we can help relocate employees abroad to any of the countries above or elsewhere across the globe, get in touch with a member of our expert team on 0208 961 4141, today.