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Contents
- 1 The New Competitive Edge for Companies in Finland
- 2 What are Employee Benefits?
- 3 What are the Top Employee Benefits offered in Finland?
- 4 Why Companies in Finland offer Employee Benefits?
- 5 Top Employee Benefits Providers in Finland
- 6 Cost of Employee Benefits Program in Finland
- 7 Ready to Transform Your Workplace? Let’s Talk
The New Competitive Edge for Companies in Finland
Did you know that more than 65% of employees in Finland say they care about benefits more than salary when choosing a job? That says a lot about what matters to workers today.
These days, a paycheck alone isn’t enough to attract the best talent. In Finland, employee benefits have become a key part of hiring and keeping great people—especially as workers look for support with their well-being, flexibility, and more than just money. Smart companies are quick to offer strong benefit packages to stay ahead in the competition for talent.
With things changing fast, one thing is clear: good employee benefits aren’t just a bonus anymore—they’re a real advantage.
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.
What are the Top Employee Benefits offered in Finland?
Finland is known for its strong focus on employee welfare and a balanced work culture. Companies in Finland offer a variety of benefits that support workers’ health, security, and overall well-being. Here are some of the key employee benefits you can expect when working in Finland:
Mandatory Employee Benefits
Under Finnish law, employers are required to provide certain benefits to their employees:
Social Insurance Contributions: Employers and employees contribute to social insurance funds covering pensions, health insurance, and unemployment benefits.
Paid Annual Leave: Employees are entitled to 24 to 30 days of paid leave annually.
Public Holidays: There are 11 public holidays in Finland, and employees receive paid time off on these days.
Sick Leave: Employees are entitled to paid sick leave, with compensation varying based on the length of employment.
Maternity and Paternity Leave: Mothers receive 105 working days of maternity leave, and fathers are entitled to 54 days of paternity leave.
Supplementary Employee Benefits
In addition to the mandatory benefits, many employers in Finland offer additional perks to enhance employee satisfaction:
Private Health Insurance: While Finland has a comprehensive public healthcare system, some employers offer private health insurance to provide quicker access to medical services.
Occupational Health Services: Employers are required to provide occupational health services, which may include preventive care and rehabilitation.
Flexible Working Arrangements: Employers often offer flexible working hours and remote work options to promote work-life balance.
Meal Benefits: Employers may provide meal allowances or subsidized meals to employees.
Transportation Benefits: Some employers offer transportation allowances or provide company cars to employees.
Wellness Programs: Employers may offer gym memberships, wellness allowances, or other health-related benefits to promote employee well-being
Why Companies in Finland offer Employee Benefits?
Companies in Finland offer employee benefits for several important reasons, all of which contribute to building a stronger and more successful workforce. One of the main reasons is to attract and retain top talent in a highly competitive job market.
Another key reason Finnish companies invest in employee benefits is to boost employee morale and engagement. When employees feel valued and supported through benefits like health coverage, paid leave, and wellness programs, they tend to be more productive, motivated, and loyal.
Additionally, providing employee benefits can lead to significant cost savings for employers. For example, health insurance helps employees maintain good health, reducing absenteeism and expensive medical claims.
Top Employee Benefits Providers in Finland
MantraCare is a leading provider of employee benefits provider in Finland. They offer multiple employee benefits programs for employees such as EAP, Corporate Yoga, Physical therapy, chronic condition reversal (for Diabetes & Hypertension), meditation, work counseling & more.
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.
Ready to Transform Your Workplace? Let’s Talk
Your competitors are already offering better benefits. Now it’s your turn to change your work environment and retain the top talents.
Whether you’re a local business or a global company in Finland, now is the time to invest in the right employee benefits — and for that, we’re here to help. At MantraCare we’ll help you design a customized benefits plan that fits your team and your budget. Let’s build a healthier, happier workforce — together.