Expand your global workforce in Sweden
Your guide to the employment landscape, working customs and local labor laws in Sweden
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
Sweden
Top local universities in Sweden
Lunds Universitet
RANKING
Local: 1
World : 178
Uppsala Universitet
RANKING
Local: 2
World : 179
Kungliga Tekniska högskolan
RANKING
Local: 3
World : 194
Linköpings Universitet
RANKING
Local: 4
World : 222
Göteborgs universitet
RANKING
Local: 5
World : 265
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, however, it cannot exceed 6 months.
Public and Provincial Holidays
| Date | Name | Type |
| January 1 | New Year’s Day | National holiday |
| January 6 | Epiphany | National holiday |
| April 18 | Good Friday | National holiday |
| April 20 | Easter Sunday | National holiday |
| April 21 | Easter Monday | National holiday |
| May 1 | May 1st | National holiday |
| May 29 | Ascension Day | National holiday |
| June 6 | National day | National holiday |
| June 8 | Whit Sunday | National holiday |
| June 21 | Midsummer Day | National holiday |
| November 1 | All Saints’ Day | National holiday |
| December 25 | Christmas Day | National holiday |
| December 26 | Boxing Day | National 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
Payroll cycle
The employee in Sweden must be paid monthly.
Minimum wage
The minimum wage range from SEK 23,000 (Swedish krona) to SEK 45,000 per month.
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
| Scheme | Contributions |
| Pension and Mandatory Individual Account | 10.21% for Old Age
0.6% for Survivors |
| Sickness and Parental Benefits | 3.55% Sickness
2.6% for Parental Benefits |
Employee Payroll Tax
| Scheme | Contributions |
| Pension and Mandatory Individual Account | 7% |
| Sickness and Parental Benefits | – |
Employee Income Tax
| Annual Taxable Income
(SEK, Swedish Krona) |
National Income Tax (%) |
| 0 to 625,800 | 0 |
| Above 625,800 | 20 |
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.
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
Your employment toolkit for Sweden
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Overtime Pay
Minimum Wage
Overtime Pay
Visa and Immigration