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Just to add about the employment costs in Finland: 5000 € gross salary means about 6000 € total cost with payroll-related taxes and mandatory payments included,
by ptaipale 12y ago
Just to add about the employment costs in Finland: 5000 € gross salary means about 6000 € total cost with payroll-related taxes and mandatory payments included, and about 3250 € net pay per month after taxes.
It's certainly no sweat shop, but I would consider it modest cost if you account for the quality of the developers.
- octaveguin 12y agoYou're absolutely right. Actually, Scandinavia in general has high quality developers on the cheap compared to the states. This while their quality of life seems on a whole better - seems a win/win to invest in or open satellite offices there :)
- ptaipale 12y agoAnd, for good or bad, it is also much easier to both expand/hire and close/downsize in Scandinavia than in other parts of Europe. At least in Denmark and Finland, maybe less so in Sweden. (Norway is really expensive to hire anyone, though). This flexibility to lay off people is not always a win/win for employees (considering Nokia/ALU merger right now) but I think that investors generally overestimate the bureaucratic difficulties in Scandinavian countries in this respect. Scandinavian countries are very free market economies despite being "socialist".