Hiring in Finland with an Employer of Record (EOR)

How EORs help you hire in Finland without setting up an official entity

Finland, a Nordic country known for its high standard of living, strong economy, and innovative industries, offers businesses a great place to grow their presence. With its highly skilled workforce, strong social welfare system, and commitment to sustainability, Finland is an attractive destination for globally growing companies.

If you’re looking to expand your business’s presence in Finland, an Employer of Record or EOR can help you navigate the complex regulatory landscape and streamline your hiring process. By partnering with an EOR, you can quickly and efficiently make new hires in Finland without the need to establish your own legal entity.

An EOR acts as the legal employer for your Finnish workforce instead, handling all HR and compliance while you maintain control over day-to-day operations and strategic decision-making.

Why choose an EOR for hiring in Finland?

Global expansion into Finland can be complex, especially for businesses navigating its unique labor laws and regulations. Partnering with an EOR can streamline HR operations to make new hires in Finland, enabling your to focus on core business competencies. An EOR can help businesses:

• Swiftly onboard new hires in Finland without setting up a local entity all by yourself.
• Easily streamline HR by outsourcing HR operations like outsourcing payroll, benefits, and compliance tasks.
• Greatly mitigate risk through offloading compliance with Finnish labor laws and tax regulations, minimizing legal risks.
• Significantly optimize resources by delegating HR and compliance responsibilities to the EOR so you can turn your focus to strategic initiatives for the business.

The legal employer for your Finnish workforce, your EOR will handle HR and compliance responsibilities. Free from these time-consuming tasks, you can concentrate on your core business while knowing regulatory compliance us taken care of.

Choosing between an EOR and PEO in Finland

You have two major choices for rapidly expanding into Finland. One is an EOR. The other is a professional employer organization, or PEO. It’s a decision important to get right. You’ll need to know the main differences between an EOR and PEO.

For any business that wants to offload all risk for compliance with employment law in Finland, an EOR is the proper choice.

How to select the right EOR provider in Finland

Choosing the right EOR for your expansion into Finland is crucial. A poorly chosen EOR can be a major obstacle to compliance, bring about avoidable costs, and detrimentally affect your employee experience. Many factors come into play, including the EOR’s proficiency in Finnish labor laws, regulations, and cultural nuances, as well as their capacity to provide reliable customer support and dedicated account management. Straightforward pricing is important, too. You need a clear understanding at the outset of the total cost of ownership. Here are some key factors to consider when selecting an EOR:

• Legal compliance: You must ensure that the EOR has a strong understanding of Finnish labor laws, regulations, and cultural nuances. Furthermore, look for a provider with a proven track record of handling complex compliance matters in your specific industry.
• Customer service: A reliable EOR should offer exceptional customer support. This means 24-7 availability and dedicated account managers, which Multiplier has with its human-first approach fee from bots.
• Transparent pricing: Keep an eye out for hidden fees and unexpected costs. Choose an EOR with clear, upfront pricing and transparent billing practices. It’s essential to fully understand the expense to get up and running.
• Total cost of ownership: While the initial expense associated with an EOR provider is important, so are the long-term value and the potential for unseen future costs. Avoid choosing a low-cost provider that may compromise on quality of service or compliance. Instead, invest in a reliable EOR that can deliver exceptional value, minimize risks, and ensure a positive employee experience.

How EOR services work in Finland

Step 1: Send that contract over

It is time to simplify your hiring process with an EOR. Once you’ve identified the candidate you want to hire, as well as the perfect EOR, a compliant employment contract can be generated quickly. Multiplier’s automated HR functions will produce one in less than five minutes, ensuring that the contract adheres to Finnish labor law. You’ll have the opportunity to customize terms such as job responsibilities, working hours, remuneration, and termination conditions. After you’ve provided such input, Multiplier securely sends the contract for signature, expediting the hiring process.

Step 2: Enhance compensation with competitive benefits

To attract and retain top talent, you’ll definitely want to offer a competitive benefits package. Your EOR can help you select suitable benefits that align with local regulations and employee preferences. This spares you the very time-consuming task of combing through all potential local providers and their offerings yourself.

Step 3: Get all your documentation in order

The next step is to simplify the onboarding process and set up payroll. Your EOR will collect necessary documentation, including tax and banking information. This is a big part of ensuring a seamless start for your new hires. Onboarding employees in Finland can seem like an unmanageable task — and it is without an EOR. But one like Multiplier at your side will streamline the process for you.

Step 4: Run payroll for employees based in Finland

Navigating Finland’s complex payroll landscape yourself can be time-consuming and result in an error-prone result. Partnering with an EOR like Multiplier means a simplified process, ensuring accurate and timely salary payments every paycheck. Multiplier handles all local payroll and tax obligations. What’s more, with Multiplier’s global payroll solution, you can manage payroll for your entire workforce globally from just one platform.

Step 5: Manage your employees and leave HR compliance to the EOR

Multiplier streamlines post-hire processes, ensuring your Finnish employees receive timely and accurate payments from the very first paycheck to the last one. Additionally, Multiplier will manage the compliance process when you must terminate an employee or one leaves voluntarily, guaranteeing you won’t fun afoul of local labor laws.

Moving forward with Multiplier EOR in Finland

An EOR is a highly recommended solution for businesses looking to expand quickly into Finland. By outsourcing HR and compliance functions to an EOR, you can streamline operations, mitigate risks, and focus on core business activities.

A comprehensive approach to growing your workforce into Finland are Multiplier’s Employer of Record (EOR) services. With an EOR like Multiplier, you can hire top talent without the need to establish a local legal entity yourself. The results are smooth hiring, onboarding, and employee management processes, along with locally compliant contracts, managed payroll, and a range of customizable, very competitive benefits tailored to Finnish standards.

Book a demo today and learn how Multiplier can be the partner to help you achieve your global expansion goals in Finland.