Lomarahasta

Lomarahasta is a Finnish term that translates to "holiday money" or "vacation allowance." It refers to a financial benefit provided by some employers to their employees, specifically intended to help cover the costs associated with taking a vacation. This benefit is not legally mandated in Finland but is often included in collective bargaining agreements or offered as part of an employment contract as a perk.

The amount of lomarahasta can vary significantly depending on the employer and the specific agreement. It is typically paid out once a year, often before the employee's main summer holiday. The purpose is to enhance employee well-being by making vacations more accessible and enjoyable, thereby contributing to work-life balance and preventing burnout. While sometimes paid as cash, it can also be offered as a voucher or a credit that can be used for travel-related expenses. The exact terms and conditions, including eligibility and the amount, are usually detailed in the company's internal policies or the relevant employment contract.