Differences in Employee Benefits: Comparison

May 1st is the official date for Labour Day.
And, you guys are probably hyped for the “linked 3-Days holidays”.
(Saturday , Sunday & Monday).
Which I wouldn’t be surprised if you’re taking the Friday off.
(Tee-heee-he)

But wait, what’s cooler than to read this article,
& getting to know the differences of employee benefits,
offered around the world, through different nations.
(I bet there are some which you may have heard or not heard of.)

Without further ado, let us go through the list 😊
And here are our (5) selected countries:-

 

 

1. Japan: Shushin-koyo Work-Culture (Lifetime Employment)

”Shushin-Koyo” is a term used to describe Permanent Employment.
This culture is normal within the major Japanese companies, and it gives the Japanese workers the important feeling of job security as a part of Japanese Management Culture, and in turn, it brings a higher level of loyalty from the worker towards the company.

*Japan is a country with high aging population, and low labour participation rate, especially when people nowadays are moving to full-time gig jobs.

 

source: unsplash

 

2. Sweden: Family-focused Welfare System

Working in Sweden is different-different.
Labour unions are powerful and are always looking for the health and safety of employees. Besides that, they have a government agency named (Swedish Work Environment Authority AKA Arbetsmiljöverket) to ensure employee’s well-being at work.

They specialized in family-focused policies, for instance you could apply working permit and a residence permits for your family. Family could start working or studying right away when all of them moved to Sweden.

Hmmm . . expecting a new born in the family? No Problem!
Mothers get 18 months of paid-leave per child, where 390 days is paid at 80% of salary, which could be amounted up to $162 a day.

 

source: unsplash

 

3. Saudi Arabia: BIG Salary & Bonuses (Expats’ Benefits)

With an approximately 20% of the total expats in Saudi Arabia population,
it is no surprise that foreigners have a bigger chance of working here.

Expats could enjoy benefits such as tax-free salaries, paid for housing and education for children. Aside from that, a standard of 30 days of paid vacation.

However, expats are advised to make good use of their high income while they are working in Saudi Arabia. As there are no social security system.

*Consider taking personal/corporate pension plans, or a private health insurance.

 

source: unsplash

 

4. France: Subsidized Benefits for Employees

“Tickets Resto”, or luncheon vouchers are mandatory in cases when there’s no on-site cafeteria or self-service kitchen.

The vouchers allow workers to split the cost to 50:50 margin with the company’s management. Due to the advancement of new technologies, paper vouchers are soon to be replaced with an electronic debit card-based system.

Aside from that, employees in France will also get to enjoy a 50% subsidy on their public transportation pass, which some would be using in their daily commute.

source: unsplash

 

5. Denmark: “Happiest Employee in the World” Benefits

Scandinavian model is well-known for its welfare benefits provided by the states.

  • Child allowance until the age of 18
  • Holiday Pay for 30 working days per year
  • Free education / university scholarship

In Denmark, employees get to enjoy perks which are unlike any other work culture.

Career-Growth Allowance:
Workers who have worked at least 52 Weeks over the previous three years are entitled to earn 90% of their salary for 4 years while they look for new jobs.

Unemployment Insurance:
The government is willing to pay 90% of your salary for up to 2 years.

Maternity & Paternity benefits:
Ah yes, that’s 52 weeks of a 100% paid maternity leave.
(so yeah, make more babies.)

 


source: unsplash

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