HR Glossary

What is Sozialversicherung - Social Insurance (Germany)?

Germany's mandatory five-pillar social insurance system covering health insurance, pension, unemployment, long-term care, and accident insurance, funded by shared contributions from employers and employees calculated as a percentage of gross wages up to annual contribution ceilings.

Why it matters in hiring

Sozialversicherung - Social Insurance (Germany) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with S

• Solid Performer
• Solidarity Surcharge (Germany)
• Source of Hire
• Sourcing
• Spot Bonus
• Standing Orders
• State Minimum Wage
• State Tax

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