Go global with Swivelt as we manage your worldwide payroll and hiring talent in

Spain

All countries

Country Details

Currency

Euro (EUR)

Official language

Spanish

Capital

Madrid

Is English spoken?

Yes

Time Zone

GMT +1:00

Salary payment frequency

Monthly

General Overview & Economic Facts

Information

The main exports from Spain are cars, pharmaceuticals, and petroleum
9.9% of the population is between the ages of 15 and 24 years, with 43.61% of the population being between the ages of 25 and 54. Spain has a youthful population, making it a favourable country to employ young, energetic employees

Population size

4,73,29,981

GDP

$1,492B

Inflation level

3.30%

Average earning + minimum wage

Average earning : EUR 29,113 per year
min wage : EUR 1080.00 per month

Overview of the labour law

Employment law in Spain is codified in the Spanish Civil Code and the Spanish Workers Statute (Estatuto de los Trabajadores)
The Spanish Workers Statute regulates employment contracts as well as collective bargaining agreements
Spanish labour regulations deal with matters such as social security, trade unions, health and safety, categorisation of employment and training
Spanish employment law provides strong labor conditions and protections for employees

Employment Details

Number of Public Holidays

9

Working Hours

Maximum of 40 hours per week and 9 hours per day Minimum 15-minute meal interval Typical working hours are 08h00 to 17h00

Benefits
  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Pension or 401(K)
  • Mental Health Support
  • Life and Disability Insurance
Overtime

Maximum of 80 hours per year

Notice Period

Minimum 15 daysNotice period may be extended by contract or by reference to a Collective Bargaining Agreement

Probation Period

There is no statutory probation periodEmployees can expect a probation period between 2 and 6 months

Severance Pay

20 days salary per year of service capped at 12 months salary

Employee Income tax

Income tax is on worldwide income. Income bracket per annum

0.00 - 12,450.00 19.00%

12,451.00 - 20,200.00 24.00%

20,221.00 - 35,200.00 30.00%

35,201.00 - 60,000.00 37.00%

60,001.00 - 300,000.00 45.00%

300,000.00 or more 47.00%

Employer Social cost
Employee Social cost

Benefit packages

Health Insurance
Vision Insurance
Dental Insurance
Pension or 401(K)
Mental Health Support
Life and Disability Insurance

We use cookies to give you the best experience. Cookie Policy

Connect With us

Fill up the form and our team will get back to you within 24 business hours.

Let's get the conversation started

Fill up the form and our team will get back to you within 24 business hours.

Let's get the conversation started

Fill up the form and our team will get back to you within 24 business hours.

Please confirm your agreement with Swivelt Pte. Ltd. Ltd. Terms and Conditions and Privacy Policy.