All About Offering Employee Benefits in Peru
Hire the best talent in Peru with the information you need to offer a competitive benefits package and stay compliant.
Required Benefits in Peru
Peruvian employees receive key benefits through the national social security system, but going beyond the basics can help your business stand out in a competitive job market. With Justworks, small businesses can easily offer localized benefits without the complexity or cost of setting up a local entity.
Let’s dive into mandatory benefits in Peru and explore additional perks that help employers attract and retain top talent.
Social Security
Peru’s social security system provides employees with essential protections, including healthcare, pensions, and workplace injury coverage. Social security is primarily managed by EsSalud for health insurance and two pension systems, the National Pension System (SNP), a government-run program, and the Private Pension System (SPP), which consists of individual retirement accounts managed by private administrators. Employers must contribute to EsSalud on behalf of their employees, while pension contributions are typically deducted from employees' salaries.
Time Off
In Peru, full-time employees who have one year of continuous service to an employer are entitled to 30 calendar days of paid vacation per year. Employees can take their leave all at once or split it into shorter periods, but at least 15 days must be taken consecutively.
13th-month Bonus
Employees are entitled to two mandatory bonus payments each year, known as gratifcaciones. These bonuses are equal to one month's salary each and are paid in July for Peru’s Independence Day and December for Christmas. Additionally, employers don’t deduct social security contributions from these bonuses, which increases the employee's take-home pay.
Offer Competitive Benefits
Beyond mandatory benefits, many employers in Peru offer additional perks to attract and retain top talent.
Private Health Insurance
In Peru, employees are covered by EsSalud. Despite this, many companies offer access to private health insurance plans. This added coverage option is an attractive employee benefit because it provides faster access to medical care and expanded coverage for employees and their families.
Meal Allowances or Food Stipends
Some employers offer meal vouchers, daily stipends, or cafeteria benefits to help cover the cost of meals during the workday.
Flexible Work Arrangements
With the rise of remote and hybrid work, many companies provide flexible schedules, remote work options, or coworking stipends to enhance work-life balance.
Ready to Offer Benefits in Peru?
Justworks makes building your global team seamless by helping you access localized benefits to attract top talent in Peru. Simplify international hiring today.
