Many people migrate to Germany because it is the fourth-richest economy of the world and it offers several job opportunities to individuals working in the science, technology, engineering, and mathematics (STEM), healthcare, and manufacturing sectors. The salaries are also higher in this country when compared to its European counterparts. The German government is leaving no stone unturned to welcome foreign workers into the labor force.
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Here are the major advantages of being employed in Germany:
The average income in Germany is about €45,700, according to Salary Explorer, while I Am Expat puts that at €44,070. Included in the average salary are holidays, incentives, and allowances. These salaries differ from one vertical to another based on the region and magnitude of the country.
Employees holding certificates/diplomas take home on average 17% more than their counterparts who completed only the high school level.
Workers with bachelor’s degrees earn on average 24% higher those with only holding certificates/diplomas. Employees holding master’s degrees obtain salaries that 29% higher than those holding bachelor’s degrees.
On the other hand, holders of doctorate degrees earn on average 23% more than what master’s degree holders, though they hold the same positions.
Enticing employee benefits
German workers receive competitive salaries. They obtain benefits liked paid holidays for sickness of maximum six weeks, maternity and paternity leaves of maximum one year, and paid holidays of up to one month per year. Although income tax may be high, they are compensated with appropriate with social benefits.
Workers’ welfare benefits
German-based companies invest on improving their employees’ productivity. All the migrant workers, thus, coming to Germany must look forward to upgrade their technical skills. German-based employers treat all their employers, irrespective of age, race, religion or gender, on par.
Social security benefits
Germany has a well-structured social security system that ensures that its citizens are not uncomfortably placed even if they’re ailing, differently abled, out of work or retired. All the workers in Germany have to have medical insurance under different categories. Employees as well as employers have to contribute to it.
German employees will contribute around 20% of their income to vital social security funds, with their employers pitching in with another 20%.
The following are the details of some of the funds.
Pension Fund: All employees after attaining 65 have the option of retiring, allowing them to earn a maximum of 67% of their salary before retirement. If you relocate to another country, you will still be entitled to the pension you have earned in Germany.
Health insurance: All employers are mandated to enrol in a public health insurance fund.
Unemployment insurance: All employees should contribute to the unemployment fund during their period of employment. When they do so, this fund helps them register with the German Labor Office, allowing them to earn a portion of their previous incomes if they are out of work. The earnings one is entitled depends on their age and the duration for which they have worked.
Accident & sick pay insurance: This insurance covers those who get sick while working, or if they get hurt in accidents. It pays both for the care and to ensure that employees’ expenses are covered when they are recovering or allowing them to obtain pensions if they are disabled.
Disability insurance: Employees donate nominal amount to the disability fund of the state, helping employees with disabilities stay on in the workforce or providing them income when they are unable to discharge their duties. Covered this fund are employees with congenital disabilities, war veterans who are wounded, and violent crime victims.
All companies in this country follow a five-day week at work, affording their employees spare time. None of the employees are expected to put in extra hours and nor are they expected to work out of office hours.
Easy procedure for obtaining work permit
The German government has made it easier to get a work permit of the country to welcome migrant workers. Non-EU citizens can apply for work visas or Blue Cards to work in Germany.
Work options for family members
Migrant workers can bring with them to Germany their family members once they get work visas and residence permits. Their family members will be entitled to work and study opportunities in Germany. Both employees and their family members will also be entitled to social security benefits, including insurance and pension.
If you are currently a UAE resident and plan to migrate to Germany, contact Y-Axis, the World’s No. 1 Immigration Consultant.
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