Employer of Record Finland
Finland Employee Benefits
Employer of Record Finland
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Finland Employee Benefits
Employers from outside Finland are required by law to pay social security taxes on behalf of their Finnish employees.
Expats who plan to stay in Finland for longer than a year must register with the country’s Population Information System in order to be eligible for social insurance benefits. Individuals can submit an online application for a Kela card once they have received their personal identification code. When they sign up, they can receive money for things like childcare, medical expenses, and unemployment, as well as other benefits.
Benefits packages are common in Finland, with some usual examples being: mobile phone and internet allowances, fitness and wellness allowance, car allowance, housing allowance, and meal vouchers.
Finland Healthcare Benefits
Healthcare in Finland is outstanding! It’s a publicly funded system, meaning that everyone has access to basic medical services regardless of their financial status. And the quality of care is top-notch – Finland has consistently ranked as one of the best healthcare systems in the world.
Visiting a doctor or specialist is usually free of charge, and prescription medications are also covered under the public healthcare system. For more specialized treatments and procedures, there might be a small fee, but it’s usually not too expensive.
Overall, Finns are very happy with their healthcare system and feel confident in the care they receive. And with a focus on preventive care and a strong emphasis on equal access, the Finnish healthcare system is a model for other countries to follow.
Less than 5% of health care is given by the private health care system, which is a direct result of the high quality of public health care. There is no need for supplementary insurance coverage.
Finland Pension Scheme
Finland also has a comprehensive pension system that provides for its citizens in their retirement years. The system is based on a combination of earnings-related and basic pensions.
Employers are responsible for paying a percentage of their employees’ salaries into the pension system, while employees also contribute a portion of their own salary. The exact percentage of contributions depends on a number of factors, including the employee’s salary and the specific pension scheme they are enrolled in.
As of 2023, the combined employer and employee contribution rate for earnings-related pensions is approximately 18.5% of the employee’s salary. The exact breakdown of contributions between the employer and employee may vary slightly.
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We are Finland Employer of Record experts
We have extensive experience helping businesses expand their workforce in the Finland. Take a look at our areas of expertise below:
Find out how payroll works in Finland and what you can expect when it comes to salaries, bonuses and tax
Enhance your understanding of what your employee is entitled to when working in Finland
We deliver a fully managed EOR Service in Finland, including Payroll, HR and Legal compliance support
Unsure about what’s required when employing staff in Finland? Find out about Finland Work Permits and Visas here
Wondering what it’s like to live and work in Finland? We’ve got you covered in our extensive guide, including the do’s and don’ts
Without Agility EOR, our ability to move quickly and scale would be extremely limited. Superb work from A to Z.
Carol Oliveira
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Frequently Asked Questions
Payrolling the employees is a key part of the service offered by an Employer of Record company. The Employer of Record will calculate and remit all taxes, social securities and similar payments, on behalf of both employer and employee. The client will be invoiced in advance by the EOR company, for the total cost of the payroll.
Yes. Our clients are free to dictate the structure of the employees’ remuneration including any bonuses or commissions they wish to offer. In some countries, there is a statutory requirement to provide “bonuses”, for example in the form of Christmas or holiday allowances.
Yes. Agility EOR will calculate what pay is due upon termination of an employee, factoring in such things as any untaken leave entitlements.
We find that most of our clients are in the Tech, IT, Finance, NGO (Not for Profit) and Professional Services industries. However, we have acquired the skills, knowledge and experience to help all industries across the globe.
As a private company, we’re not beholden to shareholders Private Equity targets. We aim to build long-term relationships with our clients. At Agility EOR, our approach is that we never forget that our business is all about people. Our Employer of Record solutions are tailored to each requirement, not a one-size-fits-all tech platform. We do the right thing by our clients and by the laws of each country we operate in. And we believe in openness; if we don’t feel we can offer you the best solution for a specific territory, we’ll say so.
We pride ourselves on our personable-approach so once you enter your new employees details into our dedicated platform, we’ll arrange a call with you to go through the details of the employment contract where together we can review and amend to your requirements. We liaise directly with your employee to build a rapport and obtain the necessary information to hire them compliantly, and set them up ready for their first payroll.
We never stop delivering! Even if you’re employee has been onboarded and is happily working for you and being paid each month, we’re here to partner with you whenever you or your employees need us. Even your ex-employees may need our assistance for tax documents, proof of employment requests etc… Our service never stops!