Zurich has implemented a comprehensive package of measures for more than 500 employees in Portugal, in response to increases in the cost of living resulting from the current inflationary situation. Among the specific measures are an increase in wages, an increase in food subsidies, hybrid work and an increase in benefits.
In this context, the base salaries of all employees have been increased by between 7 and 15%, with the higher percentages being applied to the lower salary ranges and vice versa. Zurich confirmed in a statement that it had “guaranteed that all employees received increases, at least, at the level of the inflation rate for the year 2022, and that they were increased by at least 100 euros / month.”
There is also good news for the recipients of the Zurich Postgraduate Program Scholarships – the Annual Trainee Admission Program – as they have also been updated to €1,000/month.
The meal subsidy increased by about 11.65%, from 10.75 €/day to 12 €/day. The value of the hybrid work subsidy – implemented in Zurich since January 2022 – increased by about 10.2%, from 36 €/month to 39.65 €/month.
In terms of benefits, Zurich has extended the “Zurich Saúde” health insurance to the third member of the family, covering 100% of the insurance. “Our decision includes increases with real monthly effects that can financially empower our employees in the face of general inflation. These are measures that prioritize equality and aim to improve the well-being of our people and their families. The happiness and well-being of our employees are commitments we don’t want to ignore in Zurich, says Nuno Oliveira, Director of Human Resources in Zurich, Portugal.
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