Public Business Support and Funding

TABLE OF CONTENTS PREVIOUS CHAPTER EMPLOYMENT NEXT CHAPTER 48 169 • LEGAL OBLIGATIONS OF AN EMPLOYER • • . • • Pay wages during the sick leave of an employee (the collective agreement may obligate for the payment of wages also during a maternity leave and during a short-term absence to care for a sick child) Arrange preventive occupational healthcare for em- ployees Take out employment pension insurance (TyEL) Take out group life insurance (in connection with the statutory workers' compensation insurance through a non-life insurance company) Pay unemployment insurance contributions, which are withheld from an employee's wages ⚫ Insure employees against occupational injuries and occupational diseases Indirect staff costs in addition to wage: • • • • Employees' pension insurance Employer's health insurance contribution Unemployment insurance contribution Accident insurance premiums • Group life insurance premiums EXAMPLE CALCULATION OF LABOUR COSTS IN 2021 Monthly wage for employee €3,000 Employer's health insurance contribution 1.53% Small employer with insurance contract, pension contribution 25.3 % of which the employer's pension contribution (average) is 16.95 % Occupational accidents, injuries and diseases insurances premium, on average 0.7 % €45.9 €508.5 €21 Employers unemployment insurance contribution 1.42% €42.6 Group life insurance premium in the private sector, on average 0.06 % €1.8 TOTAL €3,619.8

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