whats up with Finnish job market ?

[cors187]

The latest TEK employment review indicates that unemployment among graduate engineers and architects increased by 0.3 percentage points between October and December 2012. The increase in unemployment for the whole year was 0.7 percentage points, with the 2,297 graduate engineers and architects out of work at the end of December representing 3.9 per cent of the total industry workforce as estimated by TEK. Unemployment among newly qualified graduate engineers increased by 2 percentage points in 2012. These figures exclude employees on layoff.

The rate of unemployment is lower for TEK members than for the industry as a whole, with only 2.7 per cent of TEK members insured by the IAET unemployment fund claiming benefits at the end of December. This includes employees on layoff.

how many fins does it take to design an ashtray.

[cors187]

Just got a new newsletter archive from TEK. The headlines are interesting:

2. Fall in Employee Purchasing Power
3. Unemployment Growing.

http://tek.mailpv.net/archive/show/306854

with prices of commodities hiking towards sky, and increment in VAT,TAX doesn't help normal people.... does it ?

In terms of turnover versus final on the books profits.There is a lot of "shifting money" going to places*, i dont think employee consumption% accounts for any increase in the "shifting money".Im thinking company turnover in finland is bloated compared to actual returns.


Chambermaids are still on 1500 euro month, we can all sleep peacfully

http://www.worldsalaries.org/finland.shtml

[cors187]

In terms of turnover versus final on the books profits.There is a lot of "shifting money" going to places*, i dont think employee consumption% accounts for any increase in the "shifting money".Im thinking company turnover in finland is bloated compared to actual returns.

For example ,2 companies
abc Oy turnover for the year = 12 million
Total profit =1.2 million

xyz Oy turnover for the year = 4 million
Total profit=800,000

Turnover = the total amount of money coming into the Oy over the whole year.

abc profit feed is 10% of the turnover.
xyz profit feed is 20% of the turnover

For abc oy there is a shifting money of 10.8 million
For zxy there is a shifting money of 3.2 million
abcOy has 3x the shifting money for only 400,000 euro increase in profit*
The reason i call it shifting money is because it literally can be shifted(loosely)
For example abc oy used a sub contractor firm(Stripper Oy) inside the shifting money band that stripped 4 million from the 10.8 million.
Stripper Oy is a consultant firm(needed on the books) , minimal overheads minimal staff, minimal everything , its a stripper company designed to strip capital and feed it into stripper Oy stockholders at a surperior feed rate.
Turnover =4 million, profit= 1.32million feed rate=33% , shifting money=2.68 million

On paper xyz Oy company is fabulous and a sell-able /investment profile compared to abc Oy.
StripperOy only accepts investments on invitation.
abcOy has a lot of workers.

When the company has more feed rate , it can offer more to the employees.The internal company can objectively market closer to the current economy trends because its margin of error isnt so critical.
The high feed% company's are much more stable in times of economic hardship( or lack of serviceable projects available)therefore they give better returns to investors , can offer better opportunities for employees, the company can survive and continue through unprecedented hardship.

So i guess what i am saying is that employees maybe never see much regardless of internal company policy,lol.

[cors187]

I can do a puppet show type presentation
Finland is like a squirrel, it wants to make sure it has enough for winter.lol

[cors187]

I didn't grasp all, but the numbers were readable.

I guess we(not just me) are looking at stripper companies as something inevitable as size increases.
With a stripper(sub contractor) company you can build the turnover of the new company very fast, it offers history,security,reliability with minimal outlay and risk.
Maybe its like you have a boat or ship and your collecting cargo at every port.The ship is full of cargo and magically as you turn right a smaller ship comes out of your ship and turns left.You have given the new ship some cargo and some crew.there's all sorts of great reason what you can use a new ship for,even selling it for more than its worth.

So im thinking that in my example i classed the crew and the cargo as the same.I think they are, just like a measured weight of cargo, the crew is a standard weight and thats what they are .
So even though there should be more trade and ship building,and more of making the cargo worth more, the crew is a stable weight which is ok i guess.
Vat and general tax is wrapped up in the cargo,trade and ship building.

[cors187]

Heres another thought.
If the good ship abcOy turn over is 12million.
And the new stripperOy ship turnover is 4 million.
Thats 16 million turn over on 2 independent companies in a statistical sense.

[cors187]

Accepted excerpt . stripper Oy is in the house

A large number of transfers of businesses to younger generations are expected in Finland in the upcoming years. According to different estimates, between 60,000 and 80,000 enterprises are going to change hands in the upcoming years. The success of generational changes or changes in the ownership of companies poses a significant social issue for the near future of the continuation of the business operations, as well as maintaining employment.

In so-called true generational changes, the person overtaking the operations of the company usually comes from within the family. If no new owner can be found within the family, an alternative is to sell the business to a third party. Often, the buyer can be found in the closest interest groups of the company, e.g. within the executive management, personnel, or closest partners. Either way, the new owner enters an existing company and its operations.

A generational change can be a long-term project, which can affect the mental values related to the life’s work of the old owner, as well as purely monetary value. Therefore, they should be prepared for well in advance, in order to avoid making hasty decisions. It is extremely important to find out the wishes and goals of the previous owner. When looking for a new owner, attention should be paid to the motivation for and attitudes towards entrepreneurship, but also to the competence and maturity of the prospective new owner as a manager of business operations.

A determination of the value of the company, at least to some extent, is usually required by the tax authorities for determining the market values of the asset items. The value of a company is usually determined based on calculations of both the substance and productive values.

The tax-related consequences for the previous and new owners, as well as for the company itself, should be studied in advance. Also, any credits required for the payment of the price of the business acquisition, as well as the repayment schedule, should be planned in advance.

The ViestinVaihto expert service by the centres for economic development, transport and the environment provides assistance and support for SMEs that are planning a generational change. A plan for the generational change is drafted based on three days of consulting. The plan includes explicit suggestions for any required actions and points out issues that may need further clarification or consultation, such as questions related to taxation and obtaining financing. For further information on the ViestinVaihto service, please contact your local centre for economic development, transport and the environment.

For further information on generational changes and acquisitions, please refer to the website of the Federation of Finnish Enterprises.

[AldenG]

Finland is like a squirrel, it wants to make sure it has enough for winter.lol

Dealing with bureaucracy, you want and they want. Their want is bigger, so you give them what they want and they'll give you what you want. But - you must choose to want what you can have.

Imagine being 5 years old with mom in the store. You want candy. Mom offers a banana or an orange if you are nice. So either you want banana or throw a tantrum and get carted out of the door, but candy isn't on the list...

The two of you need to get together and write a book.

Finland has always been a bit of an enigma to both east and west. But this novel approach could crack that nut once and for all.

[cors187]

Finland has always been a bit of an enigma

The word you need to get a value for is replaced with the word "squirrel", now transpose everything we know about squirrels into the unknown value.
The code is broken