Cost Calculator

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Employment of staff requires careful planning and organising. Our cost calculator helps when you need to estimate f.ex. different kinds of labor costs and employee types in Finland.

Cost Calculator

Choose Employee type

Monthly income

Employee

Local and income tax (average 23.4%)

€

Pension cost (average 7.45%)

€

Unemployment insurance (1.5%)

€

Employee receives monthly

€

Employer

Pension contribution (average 17.4%)

€

Employment accident insurance according to risk and the size of the company (average 0.7%)

€

Unemployment insurance (average 1.51%)

€

For companies with total wages over € 2,197,500
unemployment insurance is 2.05

Group life insurance (average 0.06%)

€

Employer’s social security contribution (1.34%)

Monthly cost for annual bonus and holiday pay (average 15.9%)

€

Total monthly cost for employer

€

Average employer cost:
20.05% of employee wage for companies with total wages under € 2,197,500
22.05% of employee wage for companies with total wages over € 2,197,500

Cost calculator for different employee types in Finland

Cost Calculator

Employee

Employee receives monthly

Employer

Total monthly cost for employer