Working Hours in Finland
The standard working hours in Finland are eight hours per day and 40 hours per week. Any work beyond this must be compensated as overtime. However, this rule only applies to workers in the private sector. Public sector employees have a slightly different schedule, working 7.5 hours per day and 37.5 hours per week.
Employment Rights and Benefits in Finland
Paid Vacation and Sick Leave
Employees in Finland are entitled to 30 days of paid vacation per year. In addition, workers are entitled to a varying amount of sick leave depending on the duration of their employment. For example, employees are entitled to 10 days of sick leave per year during the first year of employment, which increases to 50 days per year after 10 years of employment.
Social Security Benefits
All employees in Finland must be registered with the Finnish Social Insurance Institution (Kela). Employers must contribute to Kela on behalf of their employees, while employees must also make contributions. This contribution provides employees with a range of benefits, including healthcare, maternity leave, and a pension.
Maternity and Paternity Leave
Expectant mothers in Finland are entitled to 105 days of maternity leave, paid at 100% of their salary. Fathers are entitled to 54 days of paternity leave, paid at 70% of their salary.
Severance Pay
If an employee is terminated without just cause, they are entitled to receive severance pay. The amount of severance pay depends on the length of service with the employer. For example, employees with less than one year of service are entitled to a half month’s pay, while those with more than 12 years of service are entitled to 12 months pay.
Pensions
All employees in Finland are entitled to a pension through the Finnish Centre for Pensions. The pension is calculated based on the number of years of service and the average salary earned during the last 10 years of service. To qualify for a pension, employees must have contributed to the pension system for at least 10 years.
Types of Pensions for Expats in Finland
Expats who are living and working in Finland may be eligible for a pension through the Finnish Centre for Pensions. However, they must meet certain requirements. Firstly, they must have legal residency in Finland and have contributed to the pension system for at least 10 years. Secondly, they must be at least 65 years old and have stopped working.
Expats who do not meet these requirements may still be able to receive a pension through a private pension plan. These plans are not regulated by the government and are offered by a range of private companies.
Retirement Age in Finland
The retirement age in Finland is 65 years old for both men and women. However, there are some exceptions to this rule. For example, workers in certain industries, such as mining and construction, may be able to retire at an earlier age due to the physical demands of their work.
In addition, workers who have contributed to the pension system for at least 38 years may be able to retire at age 63 with a full pension. Those who have contributed for at least 35 years may be able to retire at age 63 with a reduced pension.
In conclusion, workers in Finland are entitled to a range of employment rights and benefits, including paid vacation and sick leave, social security benefits, and severance pay. All employees must be registered with Kela, which provides a pension to those who have contributed for at least 10 years. Expats may be eligible for this pension if they meet certain requirements, or they may be able to receive a private pension plan. The retirement age in Finland is 65 years old for most workers, with some exceptions for certain industries and those who have contributed to the pension system for a certain number of years. It is important for both employers and employees to understand these employment terms and conditions to ensure that workers are being treated fairly and in accordance with the law.
Furthermore, employers should ensure that they are providing their employees with the necessary benefits and adhering to the working hour requirements to avoid any legal issues or disputes. Employees, on the other hand, should be aware of their rights and benefits to ensure that they are receiving fair treatment from their employers.
In summary, the employment terms and conditions in Finland provide workers with a range of rights and benefits to ensure that they are being treated fairly in the workplace. From paid vacation and sick leave to pensions and retirement age, these regulations are in place to protect employees and ensure that they are receiving the necessary support throughout their careers. It is important for both employers and employees to understand these regulations to avoid any legal issues and maintain a healthy and productive work environment.