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Main article: Economy of Finland
Unemployment
2023: Youth unemployment - 15.8%
2022: Unemployment rate - 6.5%
2020: Unemployment rate - 8.4%
Salaries
Average monthly salary
Salaries of the first persons in government management
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Chronicle
2022: Proportion of workers aged 65 or over - above 10%
2021: Finland allowed employees to find out the salaries of colleagues
At the end of November 2021, it became known about the law in Finland, which will allow workers to see how much their colleagues earn. Minister for Equality in the country Thomas Blomqvist said that the policy is aimed at reducing the gender pay gap in Finland.
Some Finnish unions have criticized the initiative, saying it would lead to conflicts between workers, a view commonly expressed by opponents of wage transparency, which is still considered taboo in many jobs Great Britain in and. USA Some workers are even barred from telling their colleagues how much they are being paid. According to the Organization for Economic Cooperation and Development, in 2020, men in Finland earned an average of 17.2% more than women. The gender pay gap is the difference in gross annual earnings between men and women and is influenced by a variety of factors, including that there are more men in senior roles.
When it comes to the broader impact of wage transparency, research tends to diverge. Some analytical publications believe that employees are less motivated if they know that their colleagues are getting more, other studies do not agree with this. Another working paper showed that pay transparency had led to lower average wages at some companies, with employers refusing to negotiate with individual employees to avoid the need to raise the salaries of others.
 | When there is pay transparency, when you know your salary, then people react and ask for either a higher salary or change company to get a higher salary. The gender pay gap is defined as the difference between average male and female earnings as a percentage of male earnings. According to the UN, women around the world earn $0.77 from every $1 earned by men for work equal in value, while the wage gap for women with children is even greater. At the current pace, only by 2090 will there be an opportunity to close the global gender pay gap, "said Almudena Sevilla, professor of economics and public policy at University College London and chairman of the women's committee of the Royal Economic Society. |  |
The impact of pay transparency depends on how fair a person thinks their company is and how individual companies communicate with their employees, she said. Sevilla noted that this could be the next level of pay transparency, as the bill would give people more specific data with which to negotiate a pay rise with their leadership.
Finland is not the first country to advocate for gender pay gap transparency. In Denmark, for example, companies with 35 or more employees are required to publish gender-sensitive salary information. In the UK, companies with more than 250 employees are required to publish their gender pay gap since 2017.[1]
Notes
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