A personnel fund enables the payment of higher bonuses without increasing the total payment costs. This will boost your personnel’s motivation to achieve targets.
A fund is a flexible personnel benefit, highly valued also by prospective employees during recruitment. Participation in the fund can be made wholly or partially optional for employees.
A personnel fund is a great way for your personnel to own a slice of their own company.
A personnel fund will inspire positive collaborative action, serving as a new channel for remuneration communication.
Funded bonuses are significantly higher than bonus items paid in cash.
Taking advantage of a fund will reduce and defer income taxes, while avoiding indirect employee costs.
Availing of this benefit can be made optional for the bonus beneficiaries.
You can define several risk levels for your fund investments. Everyone can select the level that suits them best.
Employees can withdraw capital from the fund annually, or they can choose to continue saving throughout their career.
For us, the following three are the most important criteria for selecting our fund management partner:
reliable and Finnish
service quality and level
and naturally the estimated future benefits and returns.
Mika-Jussi Mononen
Human resource manager
Northern Karelia Cooperative Society (PKO)