Finland has consistently ranked at the top position in the World Happiness Report since 2018. The Nordic country offers its people countless parental leaves, supports the unemployed, and free healthcare and education for all. Small and medium businesses employ a vast majority of the Finnish population. The country’s main exports are paper, machinery, oil, and vehicles.
Helsinki, Espoo, Tampere, Vantaa
Software engineers, Nursing professionals, Educators.
The top university of Finland with ranks are mentioned below
Some of the top jobs and their corresponding monthly salaries are as follows:
|Job Description||Average Monthly Salary (EUR)||Average Monthly Salary (USD)|
|Business Development Manager||7,360||8,251|
The employee must be paid monthly or bi-monthly per the collective agreement.
There is no statutory minimum wage followed in Finland.
The standard working hours in Finland are 8 hours a day and 40 hours a week. The overtime pay is compensated as per the table below:
There is no specific legal provision for a 13th-month salary in Finland, but they are customary and are paid before the holidays.
|Unemployment Insurance||0.52% for first EUR 2,197,500 and 2.06% afterward|
|Group Life insurance||0.06%|
|Accident Insurance Premium||0.57%|
|Total||20.07% – 21.61%|
|Pension Insurance||7.15% (If below 53 years) or 8.65%|
|Total||10.61 % – 12.11%|
|Taxable income (EUR)||Tax on column 1 (EUR)||Tax on excess (%)|
|0 – 19,900||0||12.64|
|19,900 – 29,700||2,515||19.00|
|29,700 – 49,000||4,377||30.25|
|49,000 – 85,800||10,215||34.00|
|85,800 and above||22,727||44.00|
Capital (investment) income is taxed at 30% and 34%.
A standard rate of 24% is followed in Finland.
Termination in Finland can be done on a mutual consent basis. An employer in Finland may terminate the employment contract of a regular employee for redundancy or any other reasons. An employee can terminate the employment contract without giving any reason to the employer. Upon completion of the employment, employees are entitled to a written certificate on request.
The notice period for employees during the probationary period is from 14 days to 30 days, while for permanent employees, it ranges from 14 days to 180 days.
Employees in Finland are not entitled to severance pay unless expressed in the agreement.
Nationals of the EU countries and nationals of countries that belong to the European Economic Area may work in Finland without a residence permit. Other nationals must have a residence permit and a work permit to work in Finland.
|Overtime Period||Overtime Pay|
|First 2 hours||50% premium|
|After the frst 2 hours||100% premium|
|Rest day / Sunday||200% of the regular hourly wage|