Employee Benefits in Sweden

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What are employee benefits?

Employee benefits are any perks or extra compensation that an employee receives in addition to their regular salary or wages. Benefits can include health insurance, life insurance, disability insurance, paid time off, retirement plans, and more. Some benefits are required by law, while others are offered at the discretion of the employer.

employee benefits

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

There are a number of reasons why companies in Sweden offer employee benefits, including:

To attract and retain the best talent: Employee benefits can help to make a company more attractive to prospective employees, and can also help to keep existing employees happy and engaged.

To improve productivity: Studies have shown that happy and healthy employees are more productive, so offering employee benefits can be a good way to boost your bottom line.

To create a better work/life balance: By offering benefits like flexible working hours and parental leave, companies in Sweden can help their employees to achieve a better work/life balance. This can lead to improved mental health and wellbeing, and reduced absenteeism.

What are the most common employee benefits offered in Sweden?

Sweden is well-known for its innovative and forward-thinking employee benefits programs. From wellness programs to flexible working arrangements, Swedish companies are leading the way in offering benefits that appeal to employees. Here are some of the top employee benefits on offer in Sweden:

Wellness programs: Many Swedish companies offer wellness programs as an employee benefit. These programs can include gym memberships, health insurance discounts, and other perks that encourage employees to lead a healthy lifestyle.

Flexible working arrangements: Swedish companies are known for their flexible working arrangements, which allow employees to better balance their work and personal life. This benefit is especially appealing to parents or those with caring responsibilities.

Generous parental leave: Swedish companies are required by law to offer generous parental leave packages, which include up to 16 months of paid leave for new parents. This benefit helps families bond with their new child and gives parents the time they need to adjust to their new role. 

Is Employee health insurance a mandatory employee benefit in Sweden?

In Sweden, employee health insurance is a mandatory benefit for all employees. This means that all employees are required to have health insurance, and the company must pay for it. 

What is the cost for employee benefits package in Sweden?

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

The average cost of an employee benefits program in Sweden is SEK 5,600 per year. This cost includes health insurance, pension and sick leave benefits.

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

Who are the top employee benefits providers in Sweden?

Alfa Insurance offers a wide range of insurance products, including health, life, and disability insurance. They also have a wide network of doctors and hospitals that their customers can access.

Folksam is one of the largest employee benefits providers in Sweden. They offer health, life, and disability insurance, as well as a wide range of other benefits, such as dental and vision coverage.

MantraCare is the top employee benefits solution provider in Sweden. 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 Sweden?

  • Stockholm
  • Goeteborg
  • Malmoe
  • Uppsala
  • Sollentuna
  • Soedermalm
  • Vaesteras
  • Helsingborg

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