Beyond Fika: Essential Employee Benefits in 2023

Anyone living in Sweden is well familiarised with the word “fika”. This four-letter word can bring almost any Swedes together and one could argue having a “fika” with your colleagues is almost a holy part of the working day. But even though this precious moment is highly appreciated it’s far from the most important employee benefit. We have collected a list of the top employee benefits and why they matter.

Flexible working hours and optional location

These are the highest-ranked benefits by employees. The freedom to choose where and when they work. Whether it’s remote work, flexible hours, or a hybrid model, these options allow employees to achieve a better work-life balance and enhance overall job satisfaction.

Professional development opportunities

Developing new competencies and to get better opportunities for career development are two main reasons why employees look to change their employer today. Companies offering training programs, workshops, mentorship opportunities, and tuition reimbursement demonstrate a commitment to helping employees enhance their skills, boosting job satisfaction and employee retention.

Health and Wellness Benefits

This normally means that employees are given time or money to spend on their well-being. In Sweden, employers can offer a wellness subsidy up to 5000 SEK tax-free. You can also offer tax-free communal activities for all employees, such as a collective meditation session, a gym, or massage options at the workspace. These perks support employees in maintaining a healthy lifestyle, leading to increased productivity and reduced absenteeism. 

Financial Security and Pension

Did you know that more than half of today's job hunters would prioritize an employer that offers financial security for parental leave, illness or accidents? This is actually where many companies can easily stand out since only 1 in 5 companies offer these benefits today. Another important benefit is of course a good Pension Scheme. It makes a big difference for your employees' futures and is seen as a hygiene factor by employees.

Even though "fika" is always appreciated, never underestimate the value of good employee benefits. The employee benefits are a reflection of an organization's values and commitment to the well-being of its workforce. It is also a good way to stand out and attract top talent. Why not list a few of the benefits offered at your workplace in your Orbi profile?