Lomakorvauksen
Lomakorvaus is a Finnish term referring to holiday pay compensation. It is a financial benefit provided to employees in Finland who are entitled to paid annual leave. When an employee has not been able to take their full annual leave due to termination of employment or other valid reasons, they are entitled to receive compensation for the unused holiday days. This compensation is typically calculated based on the employee's regular salary.
The calculation of lomakorvaus is governed by Finnish employment law, specifically the Annual Holidays Act. The
Lomakorvaus serves as a way to ensure that employees are not financially disadvantaged by their inability