Whitepaper Cut the middlemen: Advantages of an EOR platform with local entities

Finland
Workforce Solutions and EOR Services

Hire and Manage your Workforce in Finland

Finland economy will recover quickly in 2021 and 2022

According to Crédit Agricole Group, Finland is a model example for its economic performance, competitiveness and innovative success. The effects of the COVID-19 crisis hit the Finland economy, with an estimated GDP contraction of 2.9% in 2020 (IMF, though the Finnish Ministry of Finance’s estimate is at 3.3%), mostly due to a sharp contraction in private consumption. Nevertheless, Finland performed better than most other EU countries, and is expected to start growing again at a rate of 2.5% in 2022, as consumers increase spending and companies start again to invest, subject to the post-pandemic global economic recovery. The government has provided substantial fiscal support in 2020 to businesses and households. Finland was ranking #20 in the World Bank’s 2019 Ease of Doing Business index (Sources: Nordea, World Bank, OECD, Crédit Agricole Group).

XML employs workers for you in Finland
Quick, Simple, Compliant

A trusted professional employment organization with in-depth knowledge of the Finnish market, XML International provides you with end-to-end personalised solutions to recruit and manage remote team members for your activities in Helsinki or any other city in Finland, regardless of the size of your organisation or your industry.

Employees will be employed pursuant to local labour laws, and all required social security and taxation will be paid to the local Authorities.

Finland Country Information

1.1 The information we provide on this site is for general information only. We make no warranty or representation that any information provided on our Site, or information provided by 3rd parties via links will be accurate, compatible with all systems, or secure.

 

1.2 Whilst every reasonable endeavour has been made to ensure that all information provided on Our Site is accurate and up to date, We make no warranty or representation that this is the case.  We make no guarantee of any specific results from the use of Our site.

 

1.3 No part of Our Site is intended to constitute advice and the content of Our Site should not be relied upon when making any decisions or taking any action of any kind.

1.4 Commercial use of the information on Our Site is permitted, however We make no representation or warranty that this content is suitable for use in commercial situations or that it constitutes accurate data and / or advice on which business decisions can be based.

 

1.5 If you are a consumer, you may have certain legal rights with respect to Our provision of digital content.  If We fail to comply with Our legal obligations, consumers may be entitled to certain legal remedies including repair or replacement or price reductions.

 

1.6  Whilst We exercise all reasonable skill and care to ensure that Our Site is secure and free of errors, viruses and other malware, you are strongly advised to take responsibility for your own internet security, that of your personal details and your computers.

 

1.7  If, as a result of Our failure to exercise reasonable care and skill, any digital content from Our Site damages your device or other digital content belonging to you, if you are a consumer, you may be entitled to certain legal remedies.

Capital

Helsinki

Local Currency

Euro EUR

Official Languages

Finnish

Finland Minimum wage

There is no universal minimum wage in Finland. In most branches the collective agreement determines the pay and other employment terms.

Finland Normal working hours

Working hours in FInland are 8 hours a day, and 40 hours a week.

Finland Annual leave

The accrual of annual leave is calculated on the basis of the holiday credit year which is from 1st April to 31st March. For an employment that has lasted more than 1 year the employee is entitled to two week days of holiday for each full holiday credit month. 

Finland Sick leave

By law, sick pay is paid for the day when the employee fell ill if it would have been a working day for the employee and for each working day included in the following nine weekdays. 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.

Finland Maternity leave

The duration of maternity leave in Finland is 105 days, during which the mother receives maternity benefits.

Finland Paternity leave

Paternity leave duration is a maximum of 54 working days in total. After the child is born, the father can take off 1–18 working days during the period for which a maternity or parental allowance is paid in no more than four separate periods.
The remaining days for which paternity allowance is payable can be taken after the parental allowance period ends in no more than two periods. In addition, the parents can take either part-time or full time parental leave for no more than 158 working days in total.

Finland Notice Period

The period of notice depends on the uninterrupted duration of the employment relationship. Up to:

 1 year: 14 days
1–4 years: 1 month
4–8 years: 2 months
8–12 years: 4 months
More than 12 years: 6 month

Finland Probation period

The employer and the employee may, in an employment contract that is valid until further notice, agree on a probation period of a maximum of six months starting from the beginning of the work. If the employee has been absent during the probation period due to incapacity for work or family leave, the employer is entitled to extend the probation period by one month for every 30 calendar days included in the periods of incapacity for work or family leave.

Finland VAT

The standard VAT rate is 24%.

(Sources: Tyosuojelu, Tepalvelut , Deloitte)

Unlock your business potential in Finland with XML International.

If you want to benefit from XML employment expertise in Finland, we invite you to fill the form below and we’ll get back to you shortly.

XML employs workers for you in Finland

Quick, Simple, Compliant

XML International, one of the best workforce solutions and employer of record services providers for Finland, supports the set-up and the management of your international workforce for all your activities in Finland. Our invaluable input consists of streamlining and handling for you the complete employment lifecycle of your teams. We give you all the keys to handle you staff in Helsinki or any city in Finland. XML’s knowledge of Finnish labour laws, tax and social security system, and employment regulations allows you to tackle the challenges of local compliance in Finland, navigate all the local complexities and avoid pitfalls.

The Best Employment Outsourcing Solutions for Finland

Smart Management of your Employees in Finland

Among our top priorities, compliance with Finnish employment regulations and labour laws is number one. In addition to talent acquisition, recruitment services, and workforce management, we also ensure that our clients’ workforce management in Finland is aligned with Finnish tax and social security rules and the latest immigration processes, including visas and work permits.

Here is the list of our core services supporting your activities in Finland.

• GEO Services for Finland (PEO and EOR)

• Contingent Workforce Services for Finland

• Managed Solutions Programs for Finland

• RPO & Staff Mobilization for Finland

Do Business in Finland, with or without creating your local legal entity

Take advantage of the targeted outsourcing solutions proposed by XML International for your expansion into Finland or for your employees already based there. We offer a comprehensive series of bespoke and scalable outsourcing solutions specially designed for the Finnish market.

They range from professional employer organization employment (PEO), employer of record, and contingent workforce employment services, to help you grow effortlessly and successfully in Finland without any complications. We can also help you source, recruit, and onboard new team members locally, even if you don’t have an office in Finland.

XML provides you with everything you need to start doing business in Finland or to optimize your business if you are already operating there, leading to significant bottom-line savings and getting your business activities up and running in just days. Get in touch with the XML team to learn how we can boost your activities in Finland in a cost-effective way. 

Get started now and make the most of business in Finland today!

Local. Globally.

XML has expertise and resources to meet your organization’s workforce needs wherever, and in whichever field these might be.