Payroll in Finland: Employing in the World's Happiest Nation
Understanding the intricacies of global payroll is critical. Here are some of the main payroll requirements to be aware of when doing business in Finland…
Although flexible working is now seen as a perk in many countries, it's been embedded in Finland's working culture for more than two decades. This style of work is particularly well suited to the Nordic nation's deep-rooted culture of equality, trust and pragmatism.
Seeing flexible working as a right, rather than a perk, is largely down to the 1996 Working Hours Act, which gives staff the right to adjust their typical daily hours by starting or finishing up to three hours earlier or later. But even by today's standards, Finland is still way ahead of the flexible working curve thanks to the new 2020 Working Hours Act, which gives the majority of full-time employees the right to decide when and where they work for at least half of their working hours.
Aside from these incentives, there are also plenty of other reasons for doing business in Finland.
For one, the free-market economy is highly industrialised, with a developed infrastructure, skilled workforce and competitive operating costs. Finland also has a highly conducive business environment with minimal red tape to cut through and is one of the least corrupt countries globally.
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