* Playroll continues to analyse immediate opportunities and fulfilled roles by recruitment partners, contractors and employers to identify in-demand jobs.
* Playroll continues to analyse immediate opportunities and fulfilled roles by recruitment partners, contractors and employers to identify in-demand jobs.
While oral and electronic employment contracts are legally binding in Finland, written contracts are considered best practice. The contract should outline the basic terms of employment which includes:
Probationary periods are common in Finland. However, trial periods should not exceed six months – four months under certain collective agreements.
The typical workweek for employees consists of between 37.5 to 40 hours a week, depending on employee position and collective bargaining agreements.
Employers are obligated to seek the employee’s consent every time overtime work is deemed necessary. An employee’s weekly working time should never exceed 48 hours. Overtime pay is 150% of the employee’s normal wages for the first two hours worked overtime in one day. Every following hour must be paid at a rate of 200%.
There is no statutory minimum wage in Finland; however, most employees are covered by collective agreements specifying minimum pay rates.
13th-month salary payments are customary in Finland and are usually paid before the employee’s holiday.
The individual national income tax ranges from 6% to 32%. Income tax is calculated according to progressive rates. Employees also pay an additional flat rate for municipality taxes (up to 10.86%). Multiple additional factors may impact overall rates such as Church Tax, number of children, among others.
In Finland, both employers and employees contribute to TyEL which is an insurance taken out by employers. The statutory retirement age is 65.
The termination process varies according to the employment agreement and whether or not collective agreements are applicable. Aside from by mutual agreement, employment may only be terminated for "fair" and "weighty" reasons related to both employee and employer.
The amount of notice is dependent on the length of service and reason for termination. If the employer terminates the contract, the notice period is as follows:
There is no statutory severance pay in Finland, although severance may be agreed upon in the employment contract.
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. Midsummer Eve (23 June), and Christmas Eve (24 December) are not public holidays but are holidays for most people, including bank employees.