Spain
Various benefits in the country are covered through legislation and social security. Therefore, only benefits outside of those statutory requirements are listed. The benefit offering represents those that are available to most employees; however, eligibility may differ depending on location and employee type. Benefit offering may vary for employees of Solar, FPD and Progress Rail.
BENEFIT / PROGRAM |
DESCRIPTION |
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| Accident/Life Insurance | Combined with pension plan, guarantees a minimum coverage of EUR 100K in case of death or disability. Annual premium is paid 100 percent by company and imputed to employee's salary as benefit in kind and as such is taxable. | Local HR |
| Employee Assistance Program | A voluntary and completely confidential service provided to employees and their eligible family members to help meet many challenges at home and work. | TotalHealth.cat.com > EAP |
| Employee Investment Plan | An employee investment plan through which employees can purchase company shares. Offered and administered via E*Trade | us.etrade.com/home |
| Medical Check-Up | Annual on-site basic medical check-up. | Local HR |
| Medical Plan - Dependents | Medical insurance for dependents is available through company policy. Cost is covered by the employee, but a tax benefit applies. | Local HR |
| Medical Plan - Employees | Medical insurance for employees is provided. Annual premium is paid 100 percent by company and imputed partially (first EUR 500 are exempt from income tax) to employee's salary as benefit in kind and as such is taxable. | Local HR |
| Pension Plan | A defined contribution pension plan is available to all employees. | Local HR |
| Salary Continuation Plan | Applies to all permanent full-time and part-time employees. Salary continuation at 100 percent for a maximum of six months, based on years of service. After the maximum of six months, salary continuation is paid at 80 percent typically up to 18 months. All days of absence due to illness occurring during the preceding year (365 days) are taken into consideration for the calculation of salary continuation to the employee. | Local HR |
| Workplace Flexibility Policy | Provides a wider range of hours during which employees may choose to work a full day. Possibility to work from home on fixed days or an occasional basis with mutual consent from leadership. | Local HR |