When pricing the work and the services of the cooperative, one must not forget that an employer has to pay many other expenses than the mere salary of the worker. These include the contributions for occupational pension insurance, accident insurance, unemployment insurance and group life insurance, plus the part of the social security contribution paid by the employer.
If the cooperative is in the capacity of employer and the sum of salaries paid during one calendar year exceeds 1 200 euros, it is obliged to underwrite a statutory accident insurance for its workers. This insurance comprises a group life insurance according to the collective agreement of the industry in question. In addition, the Finnish Employment Fund levies an unemployment contribution according to the Incomes Register, if the amount of salaries paid during one year exceeds 1 300 euros.
The employment pension insurance contribution (TyEL) and the unemployment contribution vary according to the salary sum of the undertaking. The accident insurance fee depends on the nature of the work and the sum of salaries. On average, these associated expenses are about 25 % of the gross salary. Before the payment of a worker’s salary, deductions are made for the respective contributions of pension and unemployment insurances.
Statutory insurances, cf. Insurance coverage