Hiring in Finland

Finland is a developed country with a strong and diverse economy. The country has a long history of industrialization and is home to many globally-renowned companies and brands. It is the world’s 54th-largest economy by nominal GDP, and the 12th-largest in the European Union.

The Finnish economy is known for its strong export-oriented manufacturing sector, which is supported by a highly skilled workforce and a well-developed transportation and logistics infrastructure. The country is also a major player in the European Union’s single market, which allows for the free movement of goods, services, people, and capital within the EU.

The Finnish economy is highly diversified, with a range of industries and sectors contributing to its growth. The country is known for its engineering and manufacturing prowess, with many globally-renowned companies operating in industries such as telecommunications, forestry, and paper products. It is also a major player in the services sector, with a strong education and research sector and a growing technology sector.

Despite its strong overall performance, the Finnish economy faces challenges such as an aging population and a need to adapt to new technologies and global economic changes. The country is working to address these challenges and maintain its position as a leading global economy.

Overall, the economy in Finland is strong and stable, with low unemployment and steady growth. The country’s strong export-oriented manufacturing sector and well-developed infrastructure have been key drivers of its economic success, and it is likely to continue to play a leading role in the European and global economies in the years ahead.

Why hire in Finland through a Global Employer of Record

Finland is a great country to hire employees for several reasons:

1. High-quality education: Finland has a highly educated workforce, with one of the highest literacy rates in the world and a strong emphasis on vocational education. This means that Finnish workers are well-trained and highly skilled.
2. High standard of living: Finland is known for its high standard of living, which attracts a large number of highly skilled workers from all over the world.
3. Innovation: Finland is a leader in technology and innovation, with a strong focus on research and development. This makes it a great place to find employees who are well-versed in the latest technologies and trends.
4. High productivity: Finnish workers are known for their high productivity and strong work ethic, which makes them a valuable asset to any company.
5. Stable political and economic environment: Finland is a stable country with a strong economy, which makes it a safe place to invest and do business.
6. Good working conditions: Finland has a reputation for providing good working conditions and benefits to its employees, which can help to attract and retain top talent.
7. Multicultural environment: Finland is a multicultural country with a good integration of people from different backgrounds, which can bring diversity and new perspectives to companies.
8. Access to the EU market: Finland is a member of the European Union, which provides companies with easy access to the EU market.

How works an EOR in Finland? – INS Global

An Employer of Record (EOR) service in Finland works by acting as the legal employer of a worker, taking on all payroll, taxes, and compliance responsibilities on behalf of the company that is utilizing the EOR’s services. The process typically works as follows:

1. The company that wants to hire an employee contacts the EOR and provides information about the job requirements and the candidate they wish to hire.
2. The EOR conducts all necessary legal and compliance checks to ensure that the candidate is eligible to work in Finland.
3. Once the candidate is cleared, the EOR enters into an employment contract with the candidate, becoming the legal employer.
4. The EOR then manages all payroll, taxes, and compliance issues on behalf of the company, such as paying the employee’s salary and withholding taxes, as well as complying with all relevant labor laws and regulations.
5. The company that is utilizing the EOR’s services is able to manage the employee’s work tasks and responsibilities, while the EOR handles all legal and administrative aspects of the employment.

It’s important to note that EORs in Finland must be registered in the country and compliant with the laws and regulations. Also, companies should keep in mind that the EOR doesn’t replace the company’s responsibilities as an employer, such as providing a safe working environment, complying with labor laws and regulations, etc.

Main benefits of EOR

There are a number of benefits to using an employer of record (EOR) service. Some of the main benefits include:

• Ease and convenience: An EOR can make it quick and easy for companies to hire workers in a given jurisdiction, without having to establish a legal entity in the country. This can save time and money, and can also reduce the risks associated with being the direct employer.
• Compliance support: An EOR can help companies navigate the complex legal and regulatory landscape in a given jurisdiction, and can handle compliance requirements on behalf of the company. This can help companies avoid potential penalties and legal liabilities, and can provide peace of mind that they are in compliance with the law.
• Support services: An EOR can provide a range of support services to companies and their workers. This can include payroll and benefits administration, as well as assistance with visas and work permits. An EOR can also provide HR support, such as handling employee disputes and providing advice on employment law.
• Cost savings: By outsourcing HR functions to an EOR, companies can avoid the administrative burden and costs of managing these functions in-house. An EOR can also provide economies of scale, allowing companies to access a range of services and support at a lower cost than they could obtain on their own.

Overall, an EOR can provide a number of benefits to companies looking to hire workers in a given jurisdiction. It can save time and money, reduce risks, and provide support and assistance with compliance and other HR matters.

How works a Recruitment Agency in Finland

A recruitment agency in Finland typically works by helping companies to find and screen potential candidates for open positions. The process typically works as follows:

1. A company contacts a recruitment agency and provides information about the job requirements and the type of candidate they are looking for.
2. The recruitment agency then searches its database of candidates and actively recruits new candidates through advertising, networking, and other methods.
3. The agency screens and interviews candidates to ensure they meet the job requirements and are a good fit for the company.
4. The recruitment agency presents a shortlist of qualified candidates to the company for final interviews and selection.
5. Once the company has selected a candidate, the recruitment agency helps to facilitate the hiring process, including background checks, salary negotiations and employment contract agreements.
6. Some recruitment agencies also provide additional services such as onboarding and post-placement support.

It’s important to note that recruitment agencies in Finland must be compliant with the laws and regulations, such as the Non-Discrimination Act, and the Personal Data Act. Also, companies should keep in mind that the recruitment agency doesn’t replace the company’s responsibilities as an employer, such as providing a safe working environment, complying with labor laws and regulations, etc.

Conclusion

In conclusion, using an employer of record in Finland can be a useful option for businesses that want to quickly and easily hire workers in the country without the time and expense of setting up a legal entity. An employer of record assumes the legal responsibilities of an employer on behalf of another company, providing a range of benefits including a simplified hiring process, reduced administrative burden, flexibility, compliance with local laws, and access to local talent. Overall, an employer of record can be a valuable partner for businesses looking to expand their operations in Finland.