Employee Benefits in Ukraine 2020

Employee Benefits in Ukraine 2020

  • GlobalData
  • October 2020
  • Banking
  • 58 pages

Report Description

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Employee Benefits in Ukraine 2020

Summary

Following its declaration of independence, Ukraine initiated socio-economic reforms and initiated the national social security system. The system is divided into Compulsory State Social insurance, which is funded by employee and employer contributions, and Family and Social Benefits and Services which is financed by the government. The countrys transition to an open-market economy had adverse effects on its employment rate and standards of living, leading to economic depression and hyperinflation. However, economic, and social reforms are in process, with the intervention of the International Monetary Fund (IMF).

The report provides in-depth industry analysis, information and insights of the employee benefits in Ukraine, including: overview of the state and compulsory benefits in Ukraine, detailed information about the private benefits in Ukraine, 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 Ukraine.

Key Highlights

- The Ministry of Social Policy of Ukraine is the sole administrator of social security benefits and co-ordinates the main social security funds.
- Ukrainian law requires employees to contribute to pension insurance, insurance against accidents and occupational diseases, and sickness and unemployment.
- Employee benefits, which are required by law, are known as state and compulsory benefits
- In Ukraine, employers provide voluntary retirement benefits to their employees through voluntary insurance contracts

Scope

This report provides a detailed analysis of employee benefits in Ukraine -
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
- It 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 benefits
- It highlights the economic and regulatory situations relating to employee benefits in Ukraine

Reasons to Buy

- Make strategic decisions using in-depth information related to employee benefits in Ukraine.
- Assess Ukraine'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 Ukraine.
- Gain insights into key organizations governing Ukraine's employee benefits, and their impact on companies.

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Table of Contents
1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions

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