Government unveils measures to create 110,000 new jobs.
The Finnish Government has unveiled a list of measures to improve the employment situation and promote entrepreneurship in an attempt to complement its efforts to create 110,000 new jobs by the end of the current electoral term.
Olli Rehn, the Minister of Economic Affairs, said in a news conference yesterday that the measures are also an attempt to make up for the fact that the main emphasis of industrial policy-making is traditionally on large businesses.
“The entrepreneurship package will support businesses at various stages of development, improve their operational preconditions and remove obstacles to entrepreneurship. […] The additional measures laid out in the […] package will focus particularly on our efforts to support micro and small enterprises,” he states in a press release from the Ministry of Employment and the Economy.
The Government has decided, for example, to increase the profitability of work, tear down inactivity traps and expand the use of unemployment benefits, revealed Jari Lindström (PS), the Minister of Employment and Justice.
“The new measures agreed upon in the framework session will increase the availability of labour, reduce unemployment and increase the incentives for the unemployed to find employment,” he says in the press release.
The Government is set to, for example, offer wage subsidies, start-up grants or tax incentives to entrepreneurs to encourage them to hire their first employees. It is also set to launch preparatory work to introduce changes to the unemployment security system to make part-time self-employment a viable option for unemployed jobseekers and encourage them to self-employ themselves.
It similarly decided to allow the granting of residence permits on grounds of start-up entrepreneurship regardless of company type… (By Aleksi Teivainen – HT. Photo: Markku Ulander – Lehtikuva).
Government's measures to support growth:
- Offer incentives, such as wage subsidies, to entrepreneurs to encourage them to hire their first employees.
- Introduce changes to the unemployment security system to encourage self-employment.
- Introduce an innovation grant to enable small and medium enterprises to gain access to expert and support services.
- Set up an innovation bank to spur the application and commercialization of innovations and patents.
- Streamline recruitment processes to ensure businesses have access to experts from abroad.
- Allow the granting of residence permits on grounds of start-up entrepreneurship regardless of company type.
- Tighten the eligibility conditions for unemployment benefits and increase the profitability of work to remove inactivity traps.
- Allow the use of unemployment benefits as travel allowances, start-up grants and wage subsidies.
- Launch regional trials to transfer the responsibility for organizing certain business and employment services to regional operators.
- Proceed with the adoption of a new short-term probationary period to allow unemployed jobseekers to demonstrate their skills.
- Encourage start-ups to hire highly-educated jobseekers to improve the employment situation.
- Develop the unemployment security of the self-employed.
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