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In Finland, the following must be adhered to under strict local legislation:
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.
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.
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.
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