Employee Benefits in Finland

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What are employee benefits?

Employee benefits are any perks or privileges that an employee enjoys as part of their job. Common examples of employee benefits include health insurance, dental insurance, vision insurance, 401(k) plans, and paid time off. These benefits are often used to attract and retain top talent within a company.

employee benefits

What are the reasons that companies in Finland offer employee benefits?

Finnish companies offer employee benefits for a variety of reasons.

One reason is to attract and retain employees. Benefits can include health insurance, child care, transportation, and paid time off.

Another reason is to promote a healthy work-life balance. By offering benefits such as flexible work hours and telecommuting options, Finnish companies allow employees to better manage their work and personal lives.

Finally, Finnish companies believe that happy and healthy employees are more productive employees. By investing in their employees’ well-being, Finnish companies hope to improve their bottom line.

What are the most common employee benefits offered in Finland?

Finnish companies are known for their innovative and generous employee benefits packages, which often include wellness programs. Here are some of the top employee benefits offered in Finland:

Health insurance: All Finnish citizens are entitled to public health care, but many companies also offer private health insurance as an employee benefit.

Paid leave: Finnish employees are entitled to a minimum of 5 weeks of paid vacation per year, and many companies offer even more generous leave policies.

Flexible working hours: Many Finnish companies offer flexible working hours, which can help employees better balance work and life commitments.

Wellness programs: As mentioned above, wellness programs are becoming increasingly popular as an employee benefit in Finland. These programs can include everything from gym memberships to mental health support.

Is Employee health insurance a mandatory employee benefit in Finland?

In Finland, employee health insurance is mandatory for all employees, with the exception of self-employed individuals. The requirement to have health insurance is regulated by the Finnish Social Insurance Institution (Kela). 

What is the cost for employee benefits package in Finland?

The cost of Employee benefits will vary depending on the provider, the size of the company, and the services offered.

According to the Finnish National Health Insurance (NHI) scheme, the cost of employee benefits is divided between the employer and the employee. The employer pays for 70% of the total costs and the employee pays for 30%. The average cost of employee benefits in Finland is €1,200 per year.

MantraCare offers the most comprehensive and cost-effective employee benefits program starting at $3 per employee.

Who are the top employee benefits providers in Finland?

Palkkaus.fi is a leading provider of employee benefits in Finland. They offer a wide range of services, including payroll, benefits administration, and HR support.

Keva is another top provider of employee benefits in Finland. They offer a wide range of services, including pensions, health insurance, and disability insurance.

MantraCare is the top employee benefits solution provider in Finland. They help design the benefits plan and execute the same with the HR. They offer comprehensive employee benefits programs that promote physical and mental well-being.

Their services include EAP, corporate yoga, physical therapy, chronic condition reversal (for diabetes & hypertension), meditation, work counseling, and more.

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In which cities can MantraCare offer Employee Benefits Packages in Finland?

  • Helsinki
  • Tampere
  • Turku

If you are a company in Finland, looking to implement an Employee Benefits program, talk to employee benefits experts at Mantracare: Schedule a Call >