Minimum Wage and Salaries Across Professions in Finland
Every country has its own policies for minimum wage and salaries across various professions. It is a crucial feature that helps in regulating the economy of a country. In this article, we will discuss the minimum wage and salaries across professions in Finland.
Minimum Wage in Finland:
In Finland, there is no universal minimum wage. However, there are designated minimum wages for different industries. The minimum wage in Finland is usually negotiated through collective bargaining agreements between unions and employers.
As of 2021, the minimum wage in the commercial, service and industrial sectors is 10.50 € per hour, and for cleaning services, it is 10.40 € per hour.
Nevertheless, the minimum wage is a lot more than just a basic income. It covers an array of issues such as the rights of employees, working conditions, work hours, overtime pay, etc. As a result, the minimum wage is an essential tool for ensuring decent living standards and reducing income inequality.
Salaries in Finland:
The average salary in Finland is approximately 3,308 € per month. However, the salary differs based on the profession, education, experience, and location.
Professions with the highest salaries in Finland are doctors, lawyers, engineers, IT managers, and financial managers. The average salary for a doctor is 8,528 € per month, while the average salary for a lawyer is 6,099 € per month.
Professions with the lowest salaries in Finland are receptionists, sales assistants, cashiers, and kitchen aids. The average salary for a kitchen aid is 1,750 € per month, while the average salary for a cashier is 1,860 € per month.
The gap between the highest and lowest-paid professions in Finland is not huge, indicating that income distribution in the country is relatively fair.
Q. Is it legal to offer a salary below the minimum wage in Finland?
A. No, it is not legal to offer a salary below the designated minimum wage in any industry in Finland.
Q. How does the cost of living in Finland compare with the salaries?
A. The cost of living in Finland is relatively high, but the high salaries compensate for it.
Q. What is the average salary for middle-class citizens in Finland?
A. The average salary for people in the middle-class range in Finland is between 2,500 € to 4,500 € per month.
Q. How much tax do employees pay in Finland?
A. The income tax in Finland ranges from 0% to 31.75%, with higher income individuals paying a higher percentage.
Q. What is the role of trade unions in determining minimum wages in Finland?
A. Trade unions in Finland play a crucial role in negotiating collective bargaining agreements that determine minimum wages in various industries.
The minimum wage and salaries across professions in Finland aim to ensure decent living standards and reduce income inequality. The minimum wage in Finland is usually determined through collective bargaining agreements between unions and employers in different industries. The average salary in Finland varies based on the profession, education, experience, and location. It is higher for jobs that require specialized education and expertise while it is lower for those that don’t. However, the income distribution in the country is relatively fair.