Understanding Finnish Labor Law and Time Tracking Mandates
Employee time tracking is not just a best practice; it's a legal requirement in Finland. Under the Finnish Working Hours Act, employers must meticulously track all employee working hours, ensuring compliance with the mandated 8-hour workday and 40-hour workweek. For many, collective agreements further reduce this to 7.5 hours per day or 37.5 hours per week. This legislation, effective since January 1, 2020, aims to enhance flexible working arrangements while safeguarding employee rights.
Overtime regulations are stringent. Employees are entitled to a 50% wage premium for the first two hours of overtime, escalating to 100% thereafter. Sundays and public holidays often see double rates. Employers are bound to maintain these accurate records for at least two years, ensuring transparency and fairness in compensation. Harvest simplifies this process by providing detailed reporting, ensuring that all recorded hours reflect the true work done and comply with legal standards.