HR & Labor
There is no mandated minimum wage in Finland.
January 01: New Years Day
January 06: Epiphany (13th day of Christmas)
March 30: Good Friday
April 02: Second Easter Day
May 01: Vappu (May day)
May 10: Ascension Day
June 22: Midsummer Eve
June 23: Midsummer Day
November 03: All Saints Day
December 06: Independence Day
December 24: Christmas Eve
December 25: Christmas Day
December 26: Second Day of Christmas
Finland's pension system is based off of two schemes:
- The national public pension plan
- A compulsory occupational pension scheme (also refereed to as earnings related pension scheme).
In the national public plan, up to 20% of average wages in Finland are contributed.
Employers contribute 17.75% of workers wages to the earnings related pension scheme.
Employees contribute 6.35% of their wages to the earning related pension scheme until 53, at which point contributions raise to 7.85%.
After one month of employment, employees are entitled to up to 9 days of consecutive sick leave payment.
Severance payment isn't regulated in Finland outside of state offices.
For the first 5 years of employment workers are expected to provide 14 days of notice. Following the 5th year, employees are expected to provide one month notice before terminating employment.
Aside from situations of sever misconduct, employees must be given a warning and the opportunity to change their behavior before termination.
Once termination is final, employers must provide the following notice to employees:
* 14 days: 0-1 year employed
* 1 month: 1-4 years employed
* 2 months: 4-8 years employed
* 4 months: 8-12 years employed
* 6 months: over 12 years employed
Employees accumulate 2.5 vacation days for every month employed. Typically vacation is taken between May 2 -September 30, however, an excess of 4 weeks vacation can be used during the winter. 6 days of vacation can carry over from one year to the next.
Probation period is typically up to 4 months, but in some cases can be 6.
Expecting mothers are entitled to 105 days of maternity leave. 50 of these days can be taken before the baby is born.
Expecting fathers are entitled to 54 days of paternity leave.
VAT is 24% standard rate.
There are however items given a discount rate.
- 14% for agricultural products
- 10% for pharmaceutical products, print, transportation and entertainment.