Current Region & Language
Current Region & Language
Current Region & Language
Currency
Euro
Employer Taxes
Employer contributions are around 20-25% of gross salaries, covering social security.
Payroll Frequency
Monthly
Language
Finnish
Date Format
DD/MM/YYYY
Finland By The Numbers
5.5 million
Population
EUR 300 billion
GDP
10
National Holidays
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Weekly Working Hours
National Holidays
Leave
Employees are entitled to various types of leave, including holiday, sick, maternity, paternity, parental, family care, and study leave.
Employment Contracts
Employers are required to provide written employment contracts and policies that outline the terms and conditions of employment, including job responsibilities, compensation, benefits, and workplace expectations, in compliance with applicable labor laws.
Types of Employment
Employees, temporary agency workers, and independent contractors are all recognized types of employment.
Employment Costs
26.62% (inclusive of employer social security 20.55% and holiday bonus 6.07%).
IC Class Factors
A status assessment is multi-faceted and dependent upon a number factors and a totality approach is required in order to determine the outcome. Prevalent considerations include (but are not limited to) an analysis of the degree of control, subordination, exclusivity, economic risk of individual, integration into the organisation, subcontracting of work, and the right to substitution.
Labor Leasing
Temporary worker placement does not require a labor leasing licensing.
Minimum Wage Requirements
There are no general minimum wage requirements. However, they are typically set by Collective Bargaining Agreements.
Medical Benefits
Employees are entitled to be paid for the first 10 days of absence. If the employment relationship has lasted for a minimum of one month, the employee is entitled to full pay as sick pay. In employment relationships that have lasted less than one month, the employee is entitled to 50% of his/her pay as sick pay.
Where the illness extends beyond 10 days, the employee can receive a public service benefit paid by the Social Insurance Institution from 11th days onwards.
Probationary Periods
There is a 6 months maximum for probationary periods.
Termination Notice
The employer’s notice periods vary based on the length of employment. For employees with less than 1 year of service, the employer must provide 14 days’ notice. For 1 to 4 years of service, the notice is 1 month, and for 4 to 8 years, 2 months’ notice is required. For employees with 8 to 12 years of service, the notice period extends to 4 months, and for over 12 years of service, the notice period is 6 months.
Regarding employee notice, unless stated otherwise by a collective bargaining agreement (CBA) or contract, employees must give 14 days’ notice if they have been employed for up to 5 years. For continuous employment longer than 5 years, 1 month’s notice is required.
Severance
There is no legal mandate for severence pay on a standard termination of employment. However, there may be specific situations where employees may become eligible for severence payments. If applicable and the employee becomes entitled to a severence payment this will be determined by a Collective Bargaining Agreement or a termination agreement with a negotiated severence between the parties.
Pre-hire Checks
Immigration and right to work checks are required to verify legal employment status. Criminal record checks are justified by law, particularly for roles involving work with children. Credit checks are allowed only when mandated by law. Drug and alcohol testing is permitted in limited roles where required to protect life or health, as outlined by statute. Health screening is also allowed but only in certain circumstances. Pregnancy tests are prohibited by law.
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The information provided on this website is for general informational purposes only and is subject to change without notice. The content on this website is not intended to be a substitute for professional legal advice, diagnosis, or treatment. While we strive to keep the information up to date and accurate, People 2.0 makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
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