The wage calculator helps employers to estimate the costs of hiring employees
/ News
For the use of our customers, we have created a new wage calculator that enables employers to estimate the costs related to hiring employees. The wage calculator gives an estimate of the TyEL insurance contribution and other indirect labour costs that are mandatory for employers.
The employer enters the planned gross wages of the employee into the calculator, selects the appropriate pay period and age group as well as the share of any possible holiday bonus. Based on the data entered, the wage calculator will then provide the following estimates:
• TyEL insurance contribution
• Health insurance contribution
• Unemployment insurance contribution
• Accident insurance and group life insurance contributions and
• Holiday bonus