Hiring in Finland through an Employer of Record
A Finnish employer pays most of the earnings-related pension premium, plus health and unemployment insurance, on top of salary.
On top of salary, the employer pays
- 17.1% Earnings-related pension (TyEL), average employer share
- 1.91% Health insurance
- 0.31% Unemployment insurance
What the employer pays on top of salary in Finland
- Earnings-related pension (TyEL), average employer share: 17.1 percent of pay, the national average.
- Health insurance: 1.91 percent of pay.
- Unemployment insurance: 0.31 percent of payroll up to a yearly threshold.
The pension rate is an average; each employer's depends on its insurer and size. Accident and group life insurance, priced by private insurers, are left out, and larger payrolls pay more unemployment insurance above the threshold.
Yearly cost of one employee in Finland, by vendor
Salary plus the charges above plus the vendor's published monthly fee, for twelve months. Not included: benefits and currency conversion fees.
Vendor fees used
Atlas HXM $599, Deel $599, G-P $599, Multiplier $459, Oyster $699, Pebl (Velocity Global) $399, RemoFirst $199, Remote $699, Skuad $199. Not published: Rippling.
Where these numbers come from
- Earnings-related pension (TyEL), average employer share on etk.fi read
- Health insurance on vero.fi read
- Unemployment insurance on tyollisyysrahasto.fi read
- Each vendor's own pricing page, linked from its name above.