What are the benefits of working in Germany?

Germany has an economy which is rapidly burgeoning. It has not only the largest economy of Europe but also the fourth-largest globally.  So, working and migrating to Germany is an attractive proposal.

It offers several openings in the sectors of IT, manufacturing, and engineering. Earnings in this Central European country are relatively higher than those in other European countries. Meanwhile, the second most populous country in Europe is welcoming migrants to plug the skill shortages in the country.

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Major benefits of working in Germany

The average annual pay for an individual working in Germany is €45,700, according to salary explorer, an online job comparison portal. Other online job portals also place the average salary at a similar figure. The government of Germany also offers statutory minimum earning pay to employees in order to ensure that no one worker in the country gets a low and a discriminating wage.

Of course, salaries tend to vary depending on the educational qualifications and work experience of workers.

Lucrative benefits for employees

Germany pays workers competitive salaries and allows them to obtain benefits, like paid holiday of up to four weeks a year, paid sick leave of up to six weeks, and a year’s maternity and paternity leaves. Although the income tax rate of Germany is higher, this is more than balanced by social benefits that the country’s labor laws offer.

Employee welfare benefits

The companies in Germany emphasize on improving the skill sets of their employees.  In fact, the government invests in training and growth of employees. Migrant workers in Germany should, therefore, look to develop their skills when they are working here. As a policy, there is no discrimination at the work place based on race, age, gender or religion.

Social security benefits

Germany has a well-developed social security system in place so that workers in the country can live hassle-free even if they fall sick, are disabled,   lose jobs or retire from employment. There are diverse schemes of insurance to which workers as well as employers contribute. It is mandatory for   workers to apply and get medical insurance.

Employees in Germany contribute about 20% of their wages to the crucial social security resources, with their employers chipping with another 20%.

Details of social security schemes

Pension Fund: It is given to people who complete 65 years and are willing to retire. Such people can receive up to 67 percent of their gross salary before their retirement.

Health insurance: It is the responsibility of employers to enroll their employees in a public health insurance fund.

Unemployment insurance:  While you are employed, you would contribute to the unemployment fund. This fund allows workers to register with the German Labor Office and helps them out when they have been laid off to earn a percentage of their previous wage. The money they get is based on their age and for the duration they have worked.

Accident & sick pay insurance: This insurance covers them for the period they are ailing when they get ill while working, or have been injured in an accident. This insurance would pay for both the care and their rehabilitation period or allow them to get an income if they are disabled.

Disability insurance: You donate a minor sum to the disability fund of the fund that will aid people who have disabilities to remain employed or provide them with earnings when they are dysfunctional. This fund covers all people, with natural disabilities, aggrieved war veterans, and victims of wars and other aggressions.

Work-life synergy

Most organizations here follow a five-day week, allowing their employees more time to spend with their families or to pursue other personal interests. Employees are not expected to put in extra hours or work during non-official timings.

Procedure to obtain work permits easily

The government of this country has made it easier to get a German work permit to promote migration of foreign workers. A non-EU citizen can apply for a work visa or a Blue Card to be employed in Germany. There are various visa options in Germany to work.

Opportunity to bring families

After you obtain a work visa or a residence permit, you are allowed to bring to Germany your family members. They can study or work in the country. They will also be entitled to receive social security benefits, included in which would be insurance and pension benefits.

If you are looking to work in Germany, reach out to Y-Axis, the world’s No.1 Overseas Career Consultant.

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