Työetu

Työetu is a Finnish term that translates to "employee benefit" or "fringe benefit" in English. It refers to any non-wage compensation provided to employees by their employer in addition to their regular salary or wages. These benefits are designed to enhance employee well-being, attract and retain talent, and sometimes to offer tax advantages.

Common types of työetu in Finland include healthcare benefits, such as private health insurance or access to occupational healthcare services, which are often more comprehensive than the public system. Other prevalent benefits include lunch vouchers or subsidized meals, which help employees with daily living costs. Many employers offer wellness benefits, like gym memberships or contributions to sports activities, promoting a healthy lifestyle. Transportation benefits, such as company cars, fuel cards, or public transport passes, are also common. Additionally, some employers provide opportunities for professional development, like training courses or tuition reimbursement.

The tax treatment of työetu varies. Some benefits are fully taxable as income, while others may be tax-deductible for the employer and either tax-free or partially taxable for the employee, depending on the specific benefit and its value. Finnish labor law and tax regulations govern the provision and taxation of these benefits. Employers offer työetu as part of their overall compensation package, aiming to create a competitive and attractive work environment.