Finland
Unemployment System In Finland
Discover the 3 types of unemployment support & how they work in Finland
Apart from its innovative startups, world-renowned education system, and breathtaking scenery, Finland is one of the best countries that has completely gotten rid of homelessness.
One of the reasons for this is Finland’s unemployment system that ensures residents and citizens alike are granted basic rights of living despite losing their jobs or their inability to find a job.
According to Norden.org:
Unemployment insurance is part of the Finnish social security system. Unemployment insurance includes a number of different subsidies and benefits designed to safeguard the livelihood of individuals who become unemployed. — An excerpt from Norden.org
Now there are criteria to be met before unemployment assistance can be granted. It is to be used solely as a backbone to provide temporary support for the unemployed and allows the state to support them financially until they get a job.
Apart from the financial assistance that ensures their basic needs are covered, the state also creates educational programs, workshops, and courses to assist the unemployed in developing their work skills.
This ensures they will be equipped with the skills and work experience to ease their entrance into the job market.
If you reside in Finland and you are either a permanent resident or a citizen, then you are entitled to unemployment assistance by the state.
If you lose your job or become unemployed for whatever reason, the first thing you should do is register immediately as an unemployed jobseeker with TE Services.
Unemployment Assistance
As an unemployed person in Finland, the benefits you are entitled to include:
- Basic unemployment allowance: from issued by TE toimisto and paid by Kela get, payable for maximum 400 days if time runs out then you can apply for labor market subsidy.
- Earnings-related unemployment allowance: from the trade union, the payment you can receive from the unemployment fund that you are part of. Payment depends on employment history: 300 days with max. 3 years of employment history and 3 years + 400 days, 5 years plus and 58 years old: 500 days. Has 5 day waiting period.
- Labor market subsidy: 33.5€ per day, 5 days per week paid by Kela, paid at an increased rate of up to 200 days if you participate in employment promoting services.
The Waiting Period
Depending on your circumstances, you may be faced with a waiting period, which is a period without unemployment benefit where jobseeker loses their unemployment benefit if they acted out in an improper way.
It varies from 15–90 days depending on the decision and each individual case.
You can break the waiting period by either finding a work placement or enrolling in a verified study course.
More information about the unemployment system can be found here:
More About Finland:
What do you think about the Finnish Unemployment Assistance?
What kind of unemployment assistance is available in your country?
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About The Author
Noor is a second-year business student at Tredu. She is also studying for Diploma in International Smart Industry at Tampere University. She is passionate about marketing and content creation. She recently launched her YouTube channel specializing in holistic healing.
