Employee Benefits in Finland
The report provides in-depth industry analysis, information and insights of the employee benefits in Finland, including: overview of the state and compulsory benefits in Finland, detailed information about the private benefits in Finland, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Finland.
Finland has one of the most developed and well-established welfare systems in the Nordic region. In order to facilitate its citizens with decent living conditions, the Finnish government provides various welfare schemes, including social insurance for sickness, pension and unemployment, workers' compensation and a comprehensive health scheme. In addition, the government provides other welfare schemes such as child-care services, family aid and disabled services. The Finnish social security system is broadly divided into two categories: the residence-based system and the earning-related system. The residence-based social security system is financed by revenue from various general taxes including earned income tax, property tax and corporate tax and is governed by the independent Social Security Institute, known as Kela (Kansaneläkelaitos). In contrast, the earning-related social security system is financed through contributions made by the private pension fund and private insurance companies, and is governed by the Finnish Centre for Pensions.
This report provides a detailed analysis of employee benefits in Finland :
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