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Enter the employee's gross salary into the wage calculator, and it will provide an estimate of
Do you want to find out how much one or more employees cost the employer? Are you considering the salary of a new employee or a pay rise for a current employee? With the salary calculator, you can easily compare how different salary amounts affect the total costs.
You can calculate the employee’s salary costs based on either a monthly salary or an hourly wage.
Gross salary is the employee’s salary before taxes and other statutory contributions are deducted.
Calculate the salary costs of the whole team at once. Click the Add employee button and enter the gross salaries of up to 10 employees in the calculator.
When you turn on the Add an estimate of the holiday bonus to the costs feature, the calculator uses 4.5% of the total salary as the holiday bonus. Payment of the holiday bonus is based on a collective agreement, workplace practice or employment contract. If needed, you can check the calculation method used by the employer.
The calculator shows an estimate of salary costs per month and per year. In the Compare salaries section, you can compare two or three salaries side by side. You can clearly see how a change in the salary amount affects the total cost of hiring, the TyEL contribution, and other mandatory costs.
If you want to review the calculation later, print or save it using the Print button. When you hire the first employee for your company and need new TyEL insurance, take it out from a pension insurance company where you will always receive personal and straightforward service.
The salary calculator quickly estimates how much hiring an employee costs the employer per month and per year. The calculator is your trusted tool when you plan to hire your first employee, grow your team, or give a pay rise.
With the calculator, you can easily estimate the total salary cost of one or more employees. You can also estimate
There are many kinds of calculators for estimating salary costs. For example, with Elo’s wage calculator, you can calculate one salary cost. You can also compare two or three different salary amounts side by side and you can see how they affect the total cost. At the same time, the calculator works as a TyEL insurance calculator.
In simple terms, the employee’s cost is calculated with this formula:
Salary + the additional salary costs = the employee’s total cost
You can calculate the employee’s salary costs with a calculator. Based on the gross salary you enter, it estimates the total cost of hiring and the mandatory additional costs.
The additional salary costs are all mandatory costs paid by the employer in addition to the gross salary. They are calculated by multiplying the gross salary by the additional cost percentages. When you want to estimate salary costs quickly, calculate the additional salary costs with the calculator.
When the additional salary costs are calculated all employer’s mandatory insurances are included. The employer's mandatory insurances are TyEL insurance, health insurance, unemployment insurance, accident insurance and group life insurance. The additional salary costs of a small or medium-sized company are usually about 20–25% of the gross salary.
The amount of the TyEL contribution varies slightly between earnings-related pension insurance companies.
The health insurance contribution is 1.91% of the salaries paid for all employers. It is a cost that the employer pays for an employee who is insured in Finland under the Health Insurance Act.
The unemployment insurance contribution includes the employer’s and the employee’s shares. A small employer’s unemployment insurance contribution is 0.31% of the employee’s salary. The employee’s unemployment insurance contribution is 0.89% of the salary. The employer deducts the employee’s share from the employee’s salary when paying the salary. The unemployment insurance contribution is paid for employees aged 17–64.
The accident insurance contribution varies according to how dangerous the work is and what the industry is. The average contribution is 0.52%.
The group life insurance contribution varies between insurance companies. The average contribution is 0.053%. It is collected together with the accident insurance contribution.
Load the list of social insurance contributions in 2026 (PDF)
The easiest way to calculate an estimate of the TyEL contribution is with the TyEL calculator. It automatically takes into account the basic TyEL contribution confirmed by the Ministry of Social Affairs and Health.
The TyEL contribution consists of:
The TyEL contribution includes both the employer’s and the employee’s shares. The employer pays the employer’s share. The employer deducts the employee’s share from the employee when paying the salary. The employee’s share is 7.30% for all employees.
An employee must be insured under TyEL when the employee
The employee’s share is 7.30% for all employees.
Work done while receiving a pension must also be insured if the employee is under the upper age limit for insurance.
The time for taking out the insurance depends on how you pay salaries. You may pay salaries regularly, only once, or very occasionally. This determines whether you are a contract employer or a temporary employer.
If you pay salaries regularly, you should take out TyEL contract insurance as soon as possible after hiring your first employee. Complete an insurance application. The insurance must be valid by the time you pay the first salary. At that time, you must report the employee’s salary to the Incomes Register. As a general rule, report it within 5 days of paying the salary.
If you pay a salary only once or very occasionally, you can arrange TyEL insurance with Elo as a temporary employer. You do not need continuously valid contract insurance. As a temporary employer, you can arrange TyEL insurance when you report the employees’ earnings to the Incomes Register.
Hiring an employee is a big step that brings new responsibilities. We have compiled the most important tips for hiring an employee and TyEL insurance in a guide.
With Elo's YEL calculator, you can see what YEL insurance costs and compare the effects of different payment methods on your insurance premium. The YEL calculator also helps in assessing an appropriate income both at the start of your entrepreneurial activity and during it.
