Doing business with a Finland PEO/EOR
As the most sparsely populated country in Europe, Finland has a population of 5.5 million people. Culturally, people in Finland are known to be reserved in temperament, and are known to be honest and reliable in character. It is not uncommon for Finnish people to value oral agreements to be as binding as written ones, although from a legal standpoint businesses should always provide a written contract.
Additionally, business meetings in Finland typically run on schedule, skipping the polite chatting that commonly takes place in other countries. Take a look at the benefits of using a PEO in Finland:
Why Use a PEO in Finland?
The best practices for efficiently obtaining work visas and expanding your business internationally with legal compliance often involve a large amount of time and money being allocated for foreign companies to begin operating in Finland. A PEO provider can simplify this process for your business by managing the hiring and onboarding processes, leaving your company the time and resources to focus on your core business functions. Local employment specialists can also help foreign companies navigate the complexities of secure office rentals, managing employment contracts, and more.
How to Hire in Finland
We recommend writing a strong and clearly-worded employment contract in Finland that specifies the terms of the newly hired worker’s compensation, benefits, and requirements for termination. Both the offer letter and employment contract in Finland should state the salary in Euros, as opposed to a foreign currency.
It is important to note that because Finland’s esteemed public health care system is often said to be one of the best in the world, approximately only 3-4% of care is provided by the private health care system. While in many countries providing supplementary insurance benefits is seen to be as an essential resource to employees, it is not required to be provided, nor is it heavily sought after in Finland.
As every culture presents unique hiring challenges and opportunities for foreign companies, taking advantage of the recruitment channels with the highest potential is especially important for the process of hiring talented professionals in Finland. This is where your company can likely benefit from working with a PEO in Finland that already possesses expertise in the local regulations and possesses in-country connections.
To successfully hire in Finland, it can also be valuable to partner with a recruitment agency to simplify and expedite the process of hiring talented professionals in the country. Global PEOs will sometimes have an in-house recruitment agency that will assist with the process of recruiting in Finland. There are several benefits of using a recruitment agency, which include:
- Having access to local recruitment experts who have familiarity with the Finnish markets and the most effective hiring practices.
- Partnering with an organization that is designed to understand the specific goals of your business and that can create a recruitment search process that is designed to fulfill your exact needs.
- Being able to take advantage of the recruitment agency’s local legal expertise to ensure that your business is compliant with the local laws and regulations in regards to employment.
When you partner with a PEO that also offers recruitment coverage, your company is able to receive ongoing support that includes the hiring and onboarding management, HR and payroll services, and more valuable resources in addition to those provided in the initial recruitment phase.
Below we have listed our recommendations for the 3 Best Finland PEOs and Employers of Record. These organizations all have outstanding reputations for being able to hire and manage talented professionals in Finland as well as ensure full compliance with local employment regulations.
Best Finland PEOs and Employers of Record
New Horizons Global Partners
New Horizons is a growing global expansion company that provides a variety of key services for their diverse client portfolio. Their approach makes them a particularly sound choice for companies looking for a quality partner in Finland. Their Finland PEO services can support recruitment, staffing, all HR functions, and much more, with all of their services being handled by local staff with expertise in the area.
SkyExecutive is a recruitment agency and Professional Employer Organization (PEO) with their own local entity located in Finland. With their ability to combine recruitment and day-to-day employment solutions for companies looking to expand overseas, Sky Executive provides clients expanding into Finland while providing a strong overall value and a single point of contact.
In addition to their suite of expansion services, Sky Executive is also know for its deep network of local consultants based in Finland, with that level of local expertise being helpful for organizations looking for a smooth transition into their target market.
With a worldwide client list and helpful expansion resources, GP is a simplified PEO solution for many mid-market companies. Their workforce support is available for over 170 countries, including in Finland. Their company provides in-country insights and a centralized management style that is efficient for new companies who have relocated and are already working with local experts in Finland.
Request a Proposal
If you are looking to expand your business’s operations into Finland, GlobalizationPedia can help match you with the Finland PEO that best fits your company’s objectives at the strongest value both financially and operationally. Fill out the form below and we’ll use our extensive database of strategic partnerships to provide you with a full breakdown of the best potential PEO matches for your organization.