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Expand your global workforce in Sweden

Your guide to the employment landscape, working customs and local labor laws in

Capital

Stockholm

Currency

Swedish Krona (SEK)

Languages

Swedish, English

GDP per Capita

$56,415.60

Employer Tax

31.42%

Payroll Frequency

Monthly

Talent overview

Sweden has the most progressive economy for a highly developed export-oriented economy, contributed by timber, iron ore, and hydropower. They hold the 8th rank out of 45 in Europe for economic growth. The country followed a global pattern for the development of its economic statistics.

Major economic hubs:

Stockholm, Gothenburg, Malmö

Skills in demand:

Construction, Engineering, Healthcare specialists, IT Specialists

Top local universities in Sweden

Uni1 6

Lunds Universitet

RANKING

Local: 1

World : 178

Uni2 4

Uppsala Universitet

RANKING

Local: 2

World : 179

Uni3 6

Kungliga Tekniska högskolan

RANKING

Local: 3

World : 194

Uni4 5

Linköpings Universitet

RANKING

Local: 4

World : 222

Uni5 6

Göteborgs universitet

RANKING

Local: 5

World : 265

Top Local Job Boards:

CareerBuilder, Blocket, Jobbland

Number of LinkedIn users:

4,950,000

Multiplier Recruitment Partner:

iXceed

Where to find talent

Top Local Job Boards:

Number of LinkedIn users:

Top Recruitment Agencies:

Salary Data

The following table provides the average salary data in Sweden:

Job Title Average Monthly Salary (SEK) Average Monthly Salary (USD)
Financial Manager 93,600 SEK 9,146 USD
General Manager 84,900 SEK 8,297 USD
Business Development Manager 72,800 SEK 7,114 USD
Project Manager 51,700 SEK 5,052 USD
Business Analyst 59,800 SEK 5,844 USD
Financial Analyst 57,500 SEK 5,619 USD
Office Manager 40,000 SEK 3,909 USD

Employ in Sweden

Employing in Sweden

To onboard employees from Sweden, the employer should be knowledgeable about the Employment terms, Labor laws, deductions, and benefits. This section has all the necessary information that employers can use.

Employee Contract

The employer has to provide the employee with a written employment contract. According to Swedish laws, the contract must contain all the terms and conditions and the employer’s information. There is no statutory language preferred in Sweden’s employment contract. Employers must ensure that the contracts are in a language that is understood by all of the parties involved.

Probation Period

The probation period in Sweden will be based on the collective agreement.

Public and Provincial Holidays 2024

Date Name Type
1 Jan New Year’s Day Public holiday
6 Jan Epiphany Public holiday
29 Mar Good Friday Public holiday
31 Mar Easter Sunday Public holiday
1 Apr Easter Monday Public holiday
1 May May 1st Public holiday
9 May Ascension Day Public holiday
18 May Whit Saturday De facto holiday
19 May Whit Sunday Public holiday
6 Jun National day Public holiday
21 Jun Midsummer Eve De facto and Bank holiday
22 Jun Midsummer Day Public holiday
2 Nov All Saints’ Day Public holiday
24 Dec Christmas Eve De facto holiday
25 Dec Christmas Day Public holiday
26 Dec Boxing Day Public holiday
31 Dec New Year’s Eve De facto and Bank holiday

Employee Leaves

Type of Leave Time Period Mandatory
Annual/Earned Leave 25 days Yes
Sick Leave 14 days Yes
Maternity Leave 14 weeks Yes

 

Leave Compliance

Payroll in Sweden

Tw Payroll Img1

Payroll cycle

The employee in Sweden must be paid monthly.

Tw Payroll Img2

Minimum wage

The new minimum salary, effective October 1, 2023 will be SEK 22,203 per month. For employees with secondary education, the minimum wage will be SEK 24,456.

Tw Payroll Img3

Overtime pay

Employees are allowed to work for a maximum of 50 hours of overtime in a month and the employee is usually paid at a rate of 50% to 100%.

How taxes work

Employer Payroll Tax

Category Contributions
Social Security 31.42%

Employee Payroll Tax

Category Contributions
Pension 7% (up to SEK 40,100)

Employee Income Tax

Annual Taxable National Income Tax Municipal Income Tax
From 0 to 540,700 0 32%
Over 540,700 20% 32%

VAT

The standard VAT rate in Sweden is between 6% and 25%.

Bonus

13th Month Pay

There is no specific provision for a 13th-month salary in Sweden.

Employee Benefits

  • Private medical insurance
  • Sickness & Disability
  • Life insurance
  • Work injury insurance

Employee offboarding

A‍ notice may or may not be given when terminating an employee in Sweden. However, employers must have a clear and justifiable basis for making the decision.

The Notice Period in Sweden will be up to 6 months.

There are no provisions regarding severance pay in Sweden. However, employees may receive severance pay if it is indicated in their employment agreement with their employers upon onboarding.

Tw Visa Img

Visa and
immigration

There are seven types of Swedish work visas that foreign employees may apply for based on the purpose and duration of their employment. Below are the following:

  • Sweden Work Permit
  • Intra-company Transfer
  • Business Visa
  • Self-employment visa
  • Working Holiday visa
  • EU Blue Card

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150+ countries

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