Finland Payroll Guide

Q: How does payroll work in Finland?

In Finland there is no statutory minimum wage however, most employees are covered by collective agreements specifying minimum pay rates. The payroll frequency is monthly and typically paid on the last day of the month. There is no specific provision for the 13th-month salary in Finland however if it is agreed this is usually paid out in December. Employers are required to make quarterly payments of unemployment insurance to the Employment Fund.

Q: What are the regulations around leave?

Employees earn two vacation days per month or 2.5 days per month for continuous employment of up to one year of employment; after that the entitlement is four weeks’ leave per year. Upon completing 15 years of service, the annual leave entitlement increases to 3 days per month.

Q: What about dismissing an employee?

The termination process varies according to how the employment agreement and collective agreement are in place and is based on the type of contract and reason for termination.

Hire employees in Finland

Currency

Euro (EUR)

Population

5,536,146

Capital

Helsinki

Official language(s)

Finnish, Swedish

Date format

dd/mm/yyyy

Fiscal year

1 January - 31 December

Why use PeoplePay?

Guaranteed Compliance

Robust, compliant payroll and hiring supported by a dedicated Account Manager.

Local Expertise

Avoid international payroll and hiring pitfalls including language barriers, regulations and employment laws.

Lower Costs

Reduced administration, no need for an in-country team, and consolidated, outsourced payroll.

Finland Payroll

Get peace of mind with a streamlined, fully-managed payroll solution for 1+ employees.

Finland HR

Helping you hire compliantly, steering you through the local HR laws and regulations.

Finland Payments

Consolidated, one-wire transfers to cover your entire global workforce – at competitive rates.

Finland Payroll & HR Solutions

PeoplePay Global are here to assist with all your Payroll and HR requirements in Finland

In-Country Employment Contracts

Creation of locally-compliant Finnish employment agreements, ensuring you and your employees are protected in-country. Our experts in Finland will create your bespoke agreement.

Payroll Processing

With global knowledge and local proficiency, we provide a fully-managed payroll solution that handles all the complex tasks, leaving you to focus on your business.

Tax and Labor Law

Finland’s complex legislation can be daunting. Our in-country specialists are an extended member of your team, steering you safely through tax and labor law.

Regulatory Compliance

Our in-country professionals provide a wealth of experience and expertise in Payroll & HR compliance, ensuring your venture complies with ever-changing legislation.

Start-Up Implementation

We’ll ensure you’re operational promptly in accordance with local law, advising on the best route for your business, whether it’s via a legal entity or foreign registration.

Declarations and Audits

Our local specialists will manage and submit annual declarations on your behalf, guaranteeing accurate and prompt reporting to the authorities and also providing support for audits.

To discuss your individual needs get in touch today

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Frequently Asked Questions

In Finland there is no statutory minimum wage however, most employees are covered by collective agreements specifying minimum pay rates. The payroll frequency is monthly and typically paid on the last day of the month. There is no specific provision for the 13th-month salary in Finland however if it is agreed this is usually paid out in December.

Employers are required to make quarterly payments of unemployment insurance to the Employment Fund.