Rivermate is a global employment solutions company that provides Employer of Record services in Spain.As an employer of record, we help you hire employees and run payroll services in Spain, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Spain.It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.If you wish to hire a remote team in Spain or individually hire remote employees in Spain, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.Send us a message so we can talk about how Rivermate’s Employer of Record Spain services can best help your company!
The service sector dominates Spain's mixed capitalist economy. Spain has the highest unemployment rate in the European Union, ranking second only to Greece. Even though the rate fell by 0.94% in 2020 compared to 2019, it remains at 13.02%. Tourism, manufacturing, agriculture, energy and electricity, and the external trade industry are the main industries in Spain.Despite experiencing a financial crisis and recession over the last decade, Spain was able to recover and become the world's 14th largest economy. Millions of people work in the black market. As a result, the unemployment rate appears to be higher than it is. Spain's economy is classified as a high-income developed economy.
Spain's cost of living is $1141, which is 1.22 times higher than the global average. Spain ranked 46th out of 197 countries in terms of cost of living and 27th in terms of quality of life.In Spain, the average after-tax salary is $1701, which is enough to cover living expenses for 1.5 months.
Spain is the world's 23rd best place to live. The country is well-known for its delicious food, beautiful scenery, and relaxed way of life. Some cities offer reasonably priced housing. It is one of the most vibrant countries, with some unique traditions and festivals. Spain is less expensive than the United States.The cost of living on rent in Spain varies depending on factors such as location, room size, and home. Depending on the area, a one-bedroom apartment with one bathroom may cost $769.87 (645.05 €). Rent may rise as amenities and lifestyle standards improve.
International trade is one of the most important industries. France, Italy, and Germany are the top three exporting countries from Spain. Automobiles, agricultural products, and pharmaceuticals are the most important exports. Machinery, fossil fuel, and chemicals are examples of imported items.Another important industry in Spain is tourism. It has grown to become the world's second largest industry. Spain is the world's second most visited country. Around 2 million people were employed in the tourism industry. The industry accounts for about 5% of GDP.Another industry that employs a large number of professionals is the automotive industry. It accounts for approximately 8.7% of the country's GDP. Spain is the world's eighth largest automobile producer. It creates employment opportunities for skilled workers. Spain is the European Union's second largest car manufacturer, trailing only Germany.
Employers incur significant costs during the recruitment process in Spain. When hiring a new employee, several factors are considered. Among the factors are:- Training and onboarding expenses - Cost of conducting hiring procedures and interviews - The amount of time taken for the hiring process
Spain has a comprehensive employment regulation system that protects employees. Working hours, vacation time, and other factors may differ depending on the industry. The Spanish Labor Law governs the following aspects of employment:- Maximum work hours in a week (it may vary according to age)- Paid and unpaid leaves- Termination of employment - Background check- Anti-discriminationThe laws and regulations that govern employment relationships in Spain are based on- Legislation - Special Employment Law- Health and Safety law- Social Security law- Contractual agreements- Social media and privacy law
The service sector dominates Spain's high-capitalist mixed economy. There are numerous job opportunities available for all of these skills, ranging from IT specialists to graphic designers and translators.Major skills and areas which have viewed a recent growth rate- Business - Hospitality- Communication - Software/IT- Teaching- Language (creative opportunities)Top skills city-wise occupation-wise- Madrid is Spain's most populous city. The city is the city's transportation hub. Many industries are active in the city, including the paper and publishing industries, as well as the machinery, chemical, energy, and mining industries. As a film and television production center, the city's tourism industry has thrived as well. - Barcelona is the country's economic and financial center. Tourism is a significant industry because the area is a world-renowned tourist destination. The area is rich in historical monuments and has some of the world's best beaches. Another important sector is manufacturing, which includes the metallurgy, chemical, and energy industries. Textiles, chemicals, publishing, and logical sectors are among the city's leading industries.
According to 2021 reports, the Spanish economy is slowly recovering from the effects of the pandemic. Spain's GDP fell 10.96% in 2020, reaching a value of 1278.21 billion USD. GDP is expected to rise by 4-6% in the years 2021-22, mitigating the effects of the pandemic.
The COVID-19 pandemic had a significant impact on Spain's services sector as well as other industries such as tourism and technical services departments. The market's emerging sectors are automotive, health, and agriculture. Mining, energy, external trade, and agro-business are among the other industries.
For full-time workers, the monthly minimum salary is 950.00 EUR, or 7.04 EUR per hour.
