Employee Benefits
Employee Benefits
We Help You Increase Employee Retention and Attract Talent With Employee Benefits
In Finland employee benefits operate slightly differently than in many other countries. Finland generally operates within three types of benefit systems: social security (for all citizens), statutory insurances and voluntary benefit plans and perks. We'll help you in any challenge you might have with the Finnish employee benefits system. We either start by going through your needs or go through your current setup in case it already exists.
Social Security
For Everyone
In Finland the social security is financed through taxation and everyone contributes.
It is good to recognize that many things considered voluntary benefit elsewhere are regulated by collective agreements or labor law in Finland.
These include e.g., annual and family leaves, medical leaves and occupational health care.
Health Insurance Benefits
In Finland there is a statutory pension plan that consists of workers compensation, group life as well as unemployment insurance. The coverage is the same for all companies.
Occupational health care for employees is partly statutory (preventive care). Many companies extend the service to cover also voluntary benefits such as medical and dental care.
Fringe Benefits
and Perks
The benefits package depends on the company’s wishes, company policy and market practice. Common fringe benefits in Finland are e.g.,
- profit sharing
- group life insurance
- vacation time
- health insurance benefits
- employee wellness programs
- voluntary pension plans
- travel insurance
- meal benefit
- staff discount
- company phone.
How We Operate With Employee Benefits
If you already have employee benefits program in Finland we start by reviewing your current employee benefits and their price level with any incidental costs. We will also find out how your company has benefited from tax benefits and if we could make even better use of them.
If you do not yet have an employee benefits package in place in Finland, we'll be happy to help you create one! In this case we'll start by discussing the spesific needs of your company and find out what kind of fringe benefits your employees appreciate.
Based on our analysis and discussions with you, we prepare a proposal for an employee benefits program and, if necessary, tender the service providers for you.
If you wish, we can also involve local staff representatives in the process. This often brings a fresh perspective to the conversation to gain more knowledge of the benefits and perks your staff specifically values.
Let Us Take Care of Your Employee Benefits
Do you feel overwhelmed with the Finnish fringe benefits system? Let us help you! We liaise with insurance companies and help with pension and benefit matters. We can also handle tax matters, invoice checks, insurance mail, updating insurance coverage, and many other day-to-day matters. Contact us and we'll get back to you shortly!
ArticleWe Make Sure Your Employee Benefits Bring Value
The purpose of employee benefits is not only to guarantee the wellbeing of your current employees but to also increase employee retention and attract new talent. We help you make sure you have the right kind of employee benefits to achieve these goals.
