Salary incentives and Bonuses in Spain
Bonus payments by employers as a salary supplement must fulfil the legal requirements set by law. Spanish regulation provides a high level of protection for workers’ interests in this respect.
Bonus payments by employers as a salary supplement must fulfil the legal requirements set by law. Spanish regulation provides a high level of protection for workers’ interests in this respect.
With the new law on the prevention of money laundering and the creation of the Association of Experts in the Prevention of Money Laundering, many professionals, such as lawyers, are obligated to report any susceptible activity that could be related to money laundering.
The temporary work experience contract, the temporary contract for a project or service or the temporary contract depending on production circumstances are the types of temporary contract that exist in Spain. They are all regulated by the Workers’ Statute and, despite their temporary nature, early termination may be considered as dismissal.
Collective agreements are agreements between unions and employers that establish wages, work schedule and other work conditions. Additionally, these agreements allow the adjustment of the rules of the company’s business sector.
The youth contracts aim to encourage young people employment in Spain . Young people must meet definite requirements.
In Spain, the burden of proof of extra hours falls on both parties; the worker must show the excess time worked and the business owner must confirm the work carried out. However, in France the burden of proof does not particularly fall on either party.
The youth contract can improve the number of young people obtaining first hand experience in small and medium businesses and freelancers. It is only applicable to those who are unemployed and under the age of 30 who have either no work exprience or less than three months experience. The prospect of a permanent contract means that there will be many benefits and bonuses as a result of the youth contract.
If a company in Spain, not obligated by an agreement or contract with the workers, considers the coffee break as working time, it cannot demand the workers to make up that time. That is an acquired right of the workers and any change would suppose a substantial modification on the conditions of the work contract.
The training contract has important reductions in Social Security fees for business owners. The transformation of the training contract into a permanent contract allows an additional bonus, which can reach 700 euros annually.
The modifications to work conditions contracts in Spain include: significant modifications to the employment contract, required conditions for significant modification to work conditions, types of significant modifications to work conditions, communication of the decision on significant modifications to work conditions, and opportunies available to the employees with regards to individual and collective framework.