Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Swedish firm lets workers vote on bonuses

Share this article

Swedish firm lets workers vote on bonuses
11:56 CET+01:00
A software firm in eastern Sweden has elected to take a democratic approach for distributing this year's 15 million kronor ($2.21 million) bonus among the company's employees.

If the bonus were shared equally between the 75 employees at Swedish software company Monitor Industriutveckling in Hudiksvall, each individual would receive an average of 200,000 kronor.

However, the company decided instead on letting employees determine the bonus amount each person would receive by ballot, Dagens Industri (DI) reported on Friday.

The company's employees voted on the bonus on Thursday, the report said. Colleagues voted anonymously by slipping their choices in an envelope and placing it in a box.

Each colleague was evaluated on a scale from 1 to 5.

The company has posted positive results and forecasts a profit of 90 million to 100 million kronor this year.

When asked what the union thought of the company's plan, owner Åke Persson laughed and told DI, "We haven't heard of anything like this as long as I can remember."

Monitor was founded in 1974 and develops, sells and markets its own Monitor business system. It specialises in materials and production management, as well as orders, inventory and billing.

Attempts by The Local to reach the company on Friday were unsuccessful.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.

Discussion forum