As an employee of Volvo Cars, you take part in our total rewards package including bonus plans and an employee share matching programme.
From the Volvo Bonus to an array of benefits, we offer incentives and security for a settled working future together.
We believe in awarding bonuses based on performance. Reaching the company’s financial performance target is a minimum requirement for the payment of the Volvo Bonus.
Overachieving on our corporate performance target is good news for you – your payout can be as high as double your bonus target percentage.
Providing for your longer term is also our priority. When working in Sweden, part of your pension is paid by you as part of your monthly tax payment, plus we as your employer also contribute. It’s good to know that when you work for Volvo Cars, you get more than the standard employer contribution.
Social security costs covered by Volvo Cars as your employer:
Pension and general salary fees
Medical insurance fee
Parental insurance
Survivors/beneficiary pension fee
Labour market fee
Workplace injury fee
Volvo Cars is part of the multi-employer collective agreement for occupational pension called ‘ITP’ for white collar employees and Avtalspension SAF-LO for blue collar employees.
The average premium to the pension plans is 4.5 – 14 per cent of your pensionable salary.
Both the ITP-plan and Avtalspension SAF LO include sickness benefits and Group Life insurance.
Volvo Personvagnars Pensionsstiftelse
Volvo Personvagnars Pensionsstiftelse is a joint pension foundation for Volvo Personvagnar AB and Swedish subsidiaries.
We love our cars and we’re sure you will too. So we offer different ways to get you behind the wheel to experience what it is we do, through our subsidised employee offer.
Subsidised lease
In Sweden, our Care by Volvo subsidised lease benefit gives you access to a brand-new Volvo car – saving you hundreds of SEK per month – plus we add extra inclusions like insurance, servicing, winter tyres, car washes and more.
Buy and own
If you prefer to own your car, then you’re welcome to take advantage of our employee discount offers.
We support you in your career, which can span our limitless local or global opportunities. Your development is a win-win for us all. Want to book a course or sign up for on-demand digital learning activities? It’s easy. Simply explore our extensive library for leadership and self-development tools – this is the place for creating your own learning experience.
We think it’s great that you want to grow and succeed. And we want to improve employee mobility within our company. So if you’re studying in your spare time, we can offer financial support for specific circumstances.
We do this by offering grants for studies that match your development plan and that are fully carried out during your own time.
Interested in receiving grants for spare time study? Talk to your manager to start on your learning journey.
Compensation for course fee expenses, obligatory literature/material, certificate and examination fee.
Reward for approved results in some types of studies.
These grants could both be valid for one educational activity.
Employees can learn more by visiting 'My Learning' on the Intranet.
Learn more about how we want to provide people with the freedom to move in a personal, sustainable and safe way.
