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What are Employee Benefits?
Employee benefits are any perks or advantages that an employee receives as part of their job. Common employee benefits include health insurance, dental insurance, vision insurance, retirement plans, and paid time off. Employees may also receive benefits such as discounts on products or services, or free or discounted shipping. Some companies offer employees unique benefits such as on-site child care or concierge services.
Why companies in Finland offer employee benefits?
There are many reasons why companies in Finland offer employee benefits. One of the most important reasons is to attract and retain top talent. In a highly competitive labor market, employee benefits can be a key differentiator for employers.
Another reason why companies offer employee benefits is to improve employee morale and engagement. When employees feel like they are valued and appreciated, they are more likely to be productive and loyal to their company. employee benefits can also help reduce stress levels and promote a healthy work-life balance.
Finally, employee benefits can save companies money in the long run. For example, offering health insurance can help employees stay healthy and avoid expensive medical bills down the road. employee benefits can also help companies avoid employee turnover, which can be costly in terms of time and money.
Overall, there are many reasons why companies in Finland offer employee benefits. By offering employee benefits, employers can improve their chances of attracting and retaining top talent, reducing stress levels, and saving money in the long run.
What are the top employee benefits offered in Finland?
Offering wellness programs as an employee benefit is becoming increasingly popular in Finland. This is due to the fact that wellness programs have been shown to improve employees’ overall health and well-being, which can lead to increased productivity and decreased absenteeism.
There are a number of different types of wellness programs that employers can offer, but some of the most popular include yoga and meditation classes, fitness programs, and mental health support.
Yoga and meditation classes can help employees to reduce stress and anxiety, while also improving their physical health. Fitness programs can help employees to increase their level of activity and improve their overall fitness. And mental health support can help employees to cope with any mental health issues that they may be facing.
Top employee benefits providers in Finland
EVA is a leading employee benefits provider in Finland. They offer a wide range of employee benefits, including health insurance, dental insurance, and life insurance. They also offer a number of other services, such as a retirement planning service and a financial advice service.
TyEL-lääkärit is a leading provider of employee benefits and health insurance, offering a range of products and services to employees and employers.
Cost of Employee benefits program in Finland
The cost of an Employee benefits will vary depending on the provider, the size of the company, and the services offered.
The cost of employee benefits programs can vary depending on the country. In Finland, the average cost is €5,000 per year. This includes things like health insurance, pension contributions, and other benefits. For companies with 50 or more employees, the cost is even higher at €10,000 per year. Despite the high cost, these programs are important in attracting and retaining employees.
MantraCare is one of the most cost-effective employee benefits provider with plans starting at $3 per employee.