All About Offering Employee Benefits in Sweden
Hire the best talent in Sweden with the information you need to offer a competitive benefits package and stay compliant.
Required Benefits in Sweden
Sweden's strong social security system makes offering extra perks crucial for attracting top talent. Justworks EOR provides guidance and access to localized benefits, allowing small businesses to save time and resources by skipping local entity setup. Let's dive into what employers should consider offering.
Social Assistance
Sweden's social security system provides comprehensive coverage, including universal healthcare, and generous parental leave, as well as pensions for eligible employees. It also offers sickness and disability benefits, unemployment support, child allowances, and workers’ compensation. Funded through taxes and employer contributions, this robust system ensures residents have access to essential services and financial protection throughout their lives.
Time Off
In Sweden, employees are entitled to at least 25 days of paid vacation leave each year, as mandated by the Swedish Annual Leave Act. Vacation days are typically earned during the previous year and can be taken consecutively, with many employees opting for an extended break in the summer. Employers are encouraged to ensure their staff takes their full vacation entitlement to promote a healthy work-life balance. Unused leave is often carried over to the following year.
Offer Competitive Benefits
A robust employee benefits package can be a powerful recruitment tool. Consider incorporating the following benefits.
Wellness Programs
Employers may also offer wellness programs to promote employee health and well-being. This may include perks like gym membership stipends, wellness workshops, mental health support, and company-led initiatives to encourage healthy lifestyle choices.
Financial Benefits
Employers may also enhance their employee benefits package with supplemental financial benefits. This can include bonuses, profit-sharing plans, stock options, employee shares, and retirement savings contributions beyond mandatory social security contributions.
Employee Assistance Programs
Employee assistance programs provide confidential counseling and support services to employees and their families. Services cover personal and work-related issues like mental health, financial planning, and stress management.
Ready to Offer Benefits in Sweden?
Justworks EOR makes building your global team seamless by helping you access localized benefits to attract top talent in Sweden. Simplify international hiring today.
