Hire in Finland

Finland is located in northern Europe, one of the world’s most northern and geographically remote countries. Nearly two-thirds of Finland is blanketed by thick woodlands, making it the most densely forested country in Europe. Finland ranked highest in happiness, reaching 8.2 on a 10-point scale in 2016 versus an EU average of 7.4.

 

*Please note that the official currency is the currency of remuneration when employed through WorkMotion in Finland.

Onboard your talent in Finland

in 10 minutes

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Fast-track your talent onboarding while ensuring 100% compliance with local regulations.

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Hire in Finland through an

EOR

Easily onboard your remote talent in Finland through our Employer of Record (EOR) solution. Our subsidiaries and network partners make this process fast and 100% compliant.

A quick overview of Finland

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Cost of living index

$$$$ (21 of 139 nations)

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Currency

Euro (€, EUR)

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Payroll frequency

Monthly

Basic facts

Finland is located in northern Europe, one of the world’s most northern and geographically remote countries. Nearly two-thirds of Finland is blanketed by thick woodlands, making it the most densely forested country in Europe. Finland ranked highest in happiness, reaching 8.2 on a 10-point scale in 2016 versus an EU average of 7.4.

 

*Please note that the official currency is the currency of remuneration when employed through WorkMotion in Finland.

Capital

Helsinki

Official language/s

Finnish, Swedish

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Population

5.54 million (2021 est.)

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VAT - standard rate

24%

The national holidays mentioned below are valid for the year 2025.

The Finnish calendar has 20 flag days. The calendar for the Swedish-speaking population has three additional official flag days for the Åland Islands. The Sámi have 12 of their own official flag days.

January 1New Year’s Day
January 6Epiphany
April 18Good FridayMovable
April 20Easter SundayMovable
April 21Easter MondayMovable
May 1May Day
May 29Ascension Day Movable
June 8Whit SundayMovable
June 21Midsummer EveMovable
June 22Midsummer DayMovable
November 1All Saints’ Day Movable
December 6Independence Day
December 24Christmas Eve
December 25Christmas Day
December 262nd Day of Christmas

The approximate time for sharing the contract with an employee in Finland is 2 business days assuming no special requests or changes to our standard employment contract. Any such requests or changes would need to undergo internal and external review, directly leading to a time delay.

NOTE: This number is subject to change and is only an estimation of the Contract Sharing Time. The estimated Contract Sharing Time begins from the moment that WorkMotion has received all required information from both the client and the employee.

  • There is no universal minimum wage payable in Finland. Instead, each sector has a collective bargaining agreement that determines most employment standards.

The statutory social insurance contributions in Finland are:

  • The earnings-related pension insurance contribution;
  • The workers’ compensation insurance contribution;
  • The employee’s group life insurance contribution;
  • The unemployment insurance contribution;
  • The social and health insurance contribution.

 

The employer and the employee pay for social security together. Finnish statutory earnings-related pensions, as well as the workers’ compensation insurance and the employees’ group life insurance, are managed by private pension insurers. The Employment Fund administers unemployment insurance. Social insurance and health insurance contributions are paid to the tax authorities. 

 

Employer’s social security contributions in percentage of income:

Categories Contribution
Health Insurance 1.53%
Workers’ Compensation Insurance
  • Between 0.05 – 5%
  • The average on 2021 is 0.70% of the wage sum
Unemployment Insurance (collected by the Employment Fund) For a salary amount not exceeding €2,251,500 / year (2023)

  • 0.52%

For the part of the salary amount exceeding €2,251,500 / year (2023) 

  • 2.06%
Employer’s TyEL contribution 17.40% (average)
Group Life Insurance Premium 0.06% (average)

Working Hours

The standard working hours in Finland is eight hours a day and 40 hours a week.

 

Overtime

The maximum amount of working time, including overtime, cannot exceed 48 hours per week, over a period of four months. For daily overtime (over eight hours per day), the first two overtime hours of a working day must be compensated with the regular wage plus 50%; the additional will be the regular wage plus 100%. 

For weekly overtime (over 40 hours per week), the compensation is the pay plus 50%.

 

Probation Period

The maximum length of a trial period is six months. In the case of fixed-term contracts, the length of the trial period, including any extensions, cannot exceed half the length of the contract.

Termination Notice Period

Fixed-term contracts end without notice at the end of the pre-specified employment period. Indefinitely valid employment relationships end either by mutual agreement between the employer and the employee or by a unilateral act of termination (giving notice). 

 

Job Duration Notice Period
up to one year 14 days
1-4 years 1 month
4-8 years 2 months
8-12 years 4 months
More than 12 years 6 months 
Working Hours

The standard working hours in Finland is eight hours a day and 40 hours a week.

 

Overtime

The maximum amount of working time, including overtime, cannot exceed 48 hours per week, over a period of four months. For daily overtime (over eight hours per day), the first two overtime hours of a working day must be compensated with the regular wage plus 50%; the additional will be the regular wage plus 100%. 

For weekly overtime (over 40 hours per week), the compensation is the pay plus 50%.

 

Probation Period

The maximum length of a trial period is six months. In the case of fixed-term contracts, the length of the trial period, including any extensions, cannot exceed half the length of the contract.

Termination Notice Period

Fixed-term contracts end without notice at the end of the pre-specified employment period. Indefinitely valid employment relationships end either by mutual agreement between the employer and the employee or by a unilateral act of termination (giving notice). 

 

Job Duration Notice Period
up to one year 14 days
1-4 years 1 month
4-8 years 2 months
8-12 years 4 months
More than 12 years 6 months 

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The statutory social insurance contributions in Finland are:

  • The earnings-related pension insurance contribution;
  • The workers’ compensation insurance contribution;
  • The employee’s group life insurance contribution;
  • The unemployment insurance contribution;
  • The social and health insurance contribution.

 

The employer and the employee pay for social security together. Finnish statutory earnings-related pensions, as well as the workers’ compensation insurance and the employees’ group life insurance, are managed by private pension insurers. The Employment Fund administers unemployment insurance. Social insurance and health insurance contributions are paid to the tax authorities. 

 

Employer’s social security contributions in percentage of income:

Categories Contribution
Health Insurance 1.53%
Workers’ Compensation Insurance
  • Between 0.05 – 5%
  • The average on 2021 is 0.70% of the wage sum
Unemployment Insurance (collected by the Employment Fund) For a salary amount not exceeding €2,251,500 / year (2023)

  • 0.52%

For the part of the salary amount exceeding €2,251,500 / year (2023) 

  • 2.06%
Employer’s TyEL contribution 17.40% (average)
Group Life Insurance Premium 0.06% (average)