In the summer of 2024 we analysed once again the Finnish remuneration reports published by Finnish listed companies. The research data consists of 179 companies in the stock exchange’s main list and the First-North list of companies. Stricter regulation has increased the quality of reporting especially with regards to CEO remuneration, but there is still large variation between companies. About 100 main stock exchange list companies’ reporting quality was at a good level, but about 20 companies’ reporting was weak or very weak. The quality of reporting, contents and clarity were excellent only in four companies.

Research report

The report published in September 2024 is based on public remuneration report and contains fresh and extensive information from CEO, executive and board remuneration, their structures and developments in Finland. The contents of the report are as follows:

• Remuneration reporting in transition
• The survey implementation and listed companies’ governance code
• CEO  remuneration, notice period and severance pay
• Short and Long Term Incentive Plans
• Pension arrangements
• Board fees

The survey report is 12 page high quality and unique package to support decision making. The survey report will be delivered to the client by email.

Company specific comparison can be ordered separately

Company specific comparison can only be ordered by the board or top management of the requesting company. In the company specific comparison we evaluate the company’s executive remuneration practices, structures and levels against a specifically agreed market or a peer group. The comparison can be carried out agains chosen listed companies, when the peer group would consist for example from 10 companies. Company practices can be compared also against the company’s own industry or size. Company specific comparison can be carried out in Finnish or in English.

In the company specific comparison we can analyse the company’s remuneration practices or a desired peer group with regards to the following elements:

• CEO total remuneration
• CEO notice period and severance pay
• Top management short and long term incentives
• Pension arrangements
• Board annual and meeting fees

The price of the company specific report is agreed separately. Results from company specific comparison are reported personally to the client.

In the spring of 2023 we analysed once again the Finnish remuneration reports published by Finnish listed companies. The research data consists of 182 companies in the stock exchange’s main list and the First-North list of companies. Improved regulation has increased the quality of reporting especially with regards to CEO remuneration, but there is still large variation between companies. About 100 main stock exchange list companies’ reporting quality was at a good level, but about 20 companies’ reporting was weak or very weak. The quality of reporting, contents and clarity were excellent only in four companies.

Research report

The report published in August 2023 is based on public remuneration report and contains fresh and extensive information from CEO, executive and board remuneration, their structures and developments in Finland. The contents of the report are as follows:

• Remuneration reporting in transition
• The survey implementation and listed companies’ governance code
• CEO  remuneration, notice period and severance pay
• CEO salary vs average employee salary
• Short and Long Term Incentive Plans
• Pension arrangements
• Board fees

The survey report is 19 page high quality and unique package to support decision making. The survey report will be delivered to the client by email.

Company specific comparison can be ordered separately

Company specific comparison can only be ordered by the board or top management of the requesting company. In the company specific comparison we evaluate the company’s executive remuneration practices, structures and levels against a specifically agreed market or a peer group. The comparison can be carried out agains chosen listed companies, when the peer group would consist for example from 10 companies. Company practices can be compared also against the company’s own industry or size. Company specific comparison can be carried out in Finnish or in English.

In the company specific comparison we can analyse the company’s remuneration practices or a desired peer group with regards to the following elements:

• CEO total remuneration
• CEO notice period and severance pay
• Top management short and long term incentives
• Pension arrangements
• Board annual and meeting fees

The price of the company specific report is agreed separately. Results from company specific comparison are reported personally to the client.

In the spring of 2022 we analysed once again the Finnish remuneration reports published by Finnish listed companies. The research data consists of 179 companies in the stock exchange’s main list and the First-North list of companies. Improved regulation has increased the quality of reporting especially with regards to CEO remuneration, but there is still large variation between companies. About 100 main stock exchange list companies’ reporting quality was at a good level, but about 20 companies’ reporting was weak or very weak. The quality of reporting, contents and clarity were excellent only in four companies.

Research report

The report published in June 2022 is based on public remuneration report and contains fresh and extensive information from CEO, executive and board remuneration, their structures and developments in Finland. The contents of the report are as follows:

• Remuneration reporting in transition
• The survey implementation and listed companies’ governance code
• CEO  remuneration, notice period and severance pay
• CEO salary vs average employee salary
• Short and Long Term Incentive Plans
• Pension arrangements
• Board fees

The survey report is 19 page high quality and unique package to support decision making. The survey report will be delivered to the client by email.

Company specific comparison can be ordered separately

Company specific comparison can only be ordered by the board or top management of the requesting company. In the company specific comparison we evaluate the company’s executive remuneration practices, structures and levels against a specifically agreed market or a peer group. The comparison can be carried out agains chosen listed companies, when the peer group would consist for example from 10 companies. Company practices can be compared also against the company’s own industry or size. Company specific comparison can be carried out in Finnish or in English.

In the company specific comparison we can analyse the company’s remuneration practices or a desired peer group with regards to the following elements:

• CEO total remuneration
• CEO notice period and severance pay
• Top management short and long term incentives
• Pension arrangements
• Board annual and meeting fees

The price of the company specific report is agreed separately. Results from company specific comparison are reported personally to the client.

HR-salary survey’s data was gathered through an internet questionnaire in February 2022. Altogether 374 HR professionals responded to the survey. 88 % of the respondents worked in the private sector and 12% worked in the public sector. 54 % of the organisations were private non-listed companies, 26 % listed companies and 20 % for example municipal or central government organisations or foundations, associations and cooperatives. 90% of respondents were women, 10% men, and 58% worked in professional jobs and 42% in managerial.

The respondents’ jobs were classified into five levels based on the given information. The classification utilized the job grade, if the respondent gave such. Other jobs were classified into five levels. The levels in the sample focused on demanding professional and managerial jobs, which reflects the background of the participants. Over 70% of participants had at least 6-10 years of experience. Success in similar jobs requires strong know-how and typically also wide experience from the right kind of jobs.

HR-jobs’ fixed monthly salary (base salary +benefits) median in Finland varies from 3 200 euros to 10 700 euros depending on the job level. The lowest level jobs’ incentives were very low, being around 0-1 week’s fixed salary on annual basis. The more demanding HR-jobs had on average 2-2,5 monthly salary as the short term incentive. 

Of the participating organisations 65% had a Short Term Incentive program and 53% of respondents belonged to one. Long Term Incentive program was only used in 30% of the organisations and only 9% of respondents belonged to one. The incentive opportunities are usually the higher, the more demanding the job is. In HR-jobs the maximum Short Term Incentive opportunity varies between 5-40% of fixed salary and Long Term Incentive maximum opportunities between 9-45% of fixed salary.

If you are a member of Henry, you can download the free report from Henry’s website.

In the spring of 2021 we analysed once again the Finnish remuneration reports published by Finnish listed companies. The research data consists of 154 companies in the stock exchange’s main list and the First-North list of companies. Improved regulation has increased the quality of reporting especially with regards to CEO remuneration, but there is still large variation between companies. About 60 main stock exchange list companies’ reporting quality was at a good level, but about 20 companies’ reporting was weak or very weak. The quality of reporting, contents and clarity were excellent only in four companies.

Research report

The report published in June 2021 is based on public remuneration report and contains fresh and extensive information from CEO, executive and board remuneration, their structures and developments in Finland. The contents of the report are as follows:

• Remuneration reporting in transition
• The survey implementation and listed companies’ governance code
• CEO  remuneration, notice period and severance pay
• CEO salary vs average employee salary
• Short and Long Term Incentive Plans
• Pension arrangements
• Board fees

The survey report is 19 page high quality and unique package to support decision making. The survey report will be delivered to the client through the publication system.

Company specific comparison can be ordered separately

Company specific comparison can only be ordered by the board or top management of the requesting company. In the company specific comparison we evaluate the company’s executive remuneration practices, structures and levels against a specifically agreed market or a peer group. The comparison can be carried out agains chosen listed companies, when the peer group would consist for example from 10 companies. Company practices can be compared also against the company’s own industry or size. Company specific comparison can be carried out in Finnish or in English.

In the company specific comparison we can analyse the company’s remuneration practices or a desired peer group with regards to the following elements:

• CEO total remuneration
• CEO notice period and severance pay
• Top management short and long term incentives
• Pension arrangements
• Board annual and meeting fees

The price of the company specific report is agreed separately. Results from company specific comparison are reported personally to the client.

There is a shortage of topical and accurate information regarding the remuneration of startup and growth companies. The owners and boards all too often need to make critical remuneration decisions based on limited information.

• What is the right level of remuneration for the CEO? What do other growth companies pay?
• What elements form the total compensation for management in the markets?
• What kind of structures and levels do the incentive plans in growth companies have?
• How much should a board member be paid? What are the others paying?

Reward Agency’s and Boardman Grow-network’s management and board salary survey contains current inforation for growth companies decision making. The survey target group consisted of startups seeking strong growth as well as small and medium sized companies. In addition to growth companies, we analysed remuneration practices for small publicly listed companies. The survey results were ready in January 2021, when the participating companies received a free report.

Companies that didn’t participate in the survey can order a topical survey through the order button below. Separate company specific management and board remuneration practices feedback can also be ordered.

The salary information provided by the participating companies was of very high quality, which created the basis for trustworthy database and analyses. The informative survey report gives you a unique insight into the remuneration of growth companies’ boards and management.

The content of the report is as follows:

• Introduction, survey implementation and database
• CEO and management team remuneration in growth companies
• Board structures and remuneration in growth companies
• CEO and management team remuneration in small listed companies
• Board structures and remuneration in small listed companies

The survey report is 28 pages, high quality and unique to support decision making. The report will be delivered to client through the publication system.

In the spring of 2020 we analysed once again the Finnish remuneration reports published by Finnish listed companies. The research data consists of 156 companies in the stock exchange’s main list and the First-North list of companies. The quality of remuneration reporting overall has remained the same and still varies a lot between different listed companies. About 60 main stock exchange list companies’ reporting quality was at a good level, but about 20 companies’ reporting was weak or very weak.In this report only two companies reports were classified as excellent with regards to their content and quality.

Research report

The report published in June 2020 is based on public remuneration report and contains fresh and extensive information from CEO, executive and board remuneration, their structures and developments in Finland. The contents of the report are as follows:

• Remuneration in crisis
• The survey implementation and listed companies’ governance code
• CEO  remuneration, notice period and severance pay
• Short and Long Term Incentive Plans
• Pension arrangements
• Board fees
• Remuneration development since 2015

The survey report is 19 page high quality and unique package to support decision making. The survey report will be delivered to the client through the publication system.

Company specific comparison can be ordered separately

Company specific comparison can only be ordered by the board or top management of the requesting company. In the company specific comparison we evaluate the company’s executive remuneration practices, structures and levels against a specifically agreed market or a peer group. The comparison can be carried out agains chosen listed companies, when the peer group would consist for example from 10 companies. Company practices can be compared also against the company’s own industry or size. Company specific comparison can be carried out in Finnish or in English.

In the company specific comparison we can analyse the company’s remuneration practices or a desired peer group with regards to the following elements:

• CEO total remuneration
• CEO notice period and severance pay
• Top management short and long term incentives
• Pension arrangements
• Board annual and meeting fees

The price of the company specific report is agreed separately. Results from company specific comparison are reported personally to the client.

In the spring of 2019 we analysed for the fifth time the Finnish remuneration reports published by Finnish listed companies. The research data consists of 155 companies in the stock exchange’s main list and the First-North list of companies. The reporting quality of remuneration has slightly improved from last year, but the quality varies a lot between companies. Of the companies in the main list around twenty had poor or very poor reporting. Some of these companies do not have uptodate remuneration report at all or the reporting falls far short of the recommendations. In this report only two companies reports were classified as excellent with regards to their content and quality.

Research report

The report published at the end of May 2019 is based on public remuneration report and contains fresh and extensive information from CEO, executive and board remuneration, their structures and developments in Finland. The contents of the report are as follows:

• Current issues from executive remuneration regulation and reporting
• The survey implementation and listed companies’ governance code
• CEO  remuneration, notice period and severance pay
• Short and Long Term Incentive Plans
• Pension arrangements
• Board fees

The survey report is 18 page high quality and unique package to support decision making. The survey report will be delivered to the client through the publication system.

Company specific comparison can be ordered separately

Company specific comparison can only be ordered by the board or top management of the requesting company. In the company specific comparison we evaluate the company’s executive remuneration practices, structures and levels against a specifically agreed market or a peer group. The comparison can be carried out agains chosen listed companies, when the peer group would consist for example from 7-10 companies. Company practices can be compared also against the company’s own industry or size. Company specific comparison can be carried out in Finnish or in English.

In the company specific comparison we can analyse the company’s remuneration practices or a desired peer group with regards to the following elements:

• Company whole salary
• Company CEO notice period and severance pay
• Company’s top management short and long term incentives
• Company’s pension arrangements
• Company board’s annual and meeting fees

The price of the company specific report is agreed separately. Results from company specific comparison are reported personally to the client.

In the spring of 2018 we analysed for the fourth time the Finnish remuneration reports published by Finnish listed companies. The research data consists of 145 companies in the stock exchange’s main list and the First-North list of companies. The reporting quality of remuneration has slightly improved from last year, but the quality varies a lot between companies. Of the companies in the main list around twenty had poor or very poor reporting. Some of these companies do not have uptodate remuneration report at all or the reporting falls far short of the recommendations. In this report only two companies reports were classified as excellent with regards to their content and quality.

Research report

The report published at the end of May 2018 is based on public remuneration report and contains fresh and extensive information from CEO, executive and board remuneration, their structures and developments in Finland. The contents of the report are as follows:

• Current issues from executive remuneration regulation and reporting
• The survey implementation and listed companies’ governance code
• CEO  remuneration, notice period and severance pay
• Short and Long Term Incentive Plans
• Pension arrangements
• Board fees

The survey report is 18 page high quality and unique package to support decision making. The survey report will be delivered to the client through the publication system.

Company specific comparison can be ordered separately

Company specific comparison can only be ordered by the board or top management of the requesting company. In the company specific comparison we evaluate the company’s executive remuneration practices, structures and levels against a specifically agreed market or a peer group. The comparison can be carried out agains chosen listed companies, when the peer group would consist for example from 7-10 companies. Company practices can be compared also against the company’s own industry or size. Company specific comparison can be carried out in Finnish or in English.

In the company specific comparison we can analyse the company’s remuneration practices or a desired peer group with regards to the following elements:

• Company whole salary
• Company CEO notice period and severance pay
• Company’s top management short and long term incentives
• Company’s pension arrangements
• Company board’s annual and meeting fees

The price of the company specific report is agreed separately. Results from company specific comparison are reported personally to the client.

In the spring of 2017 we analysed for the third time the Finnish remuneration reports published by Finnish listed companies. The research data consists of 140 companies in the stock exchange’s main list and the First-North list of companies. The reporting quality of remuneration has slightly improved from last year, but the quality varies a lot between companies. Of the companies in the main list around ten had poor or very poor reporting. Some of these companies do not have uptodate remuneration report at all or the reporting falls far short of the recommendations. In this report only three companies reports were classified as excellent with regards to their content and quality.

Research report

The report published at the end of May 2017 is based on public remuneration report and contains fresh and extensive information from CEO, executive and board remuneration, their structures and developments in Finland. The contents of the report are as follows:

• Current issues from executive remuneration regulation and reporting
• The survey implementation and listed companies’ governance code
• CEO  remuneration, notice period and severance pay
• Short and Long Term Incentive Plans
• Pension arrangements
• Board fees

The survey report is 19 page high quality and unique package to support decision making. The survey report will be delivered to the client through the publication system.

Company specific comparison can be ordered separately

Company specific comparison can only be ordered by the board or top management of the requesting company. In the company specific comparison we evaluate the company’s executive remuneration practices, structures and levels against a specifically agreed market or a peer group. The comparison can be carried out agains chosen listed companies, when the peer group would consist for example from 7-10 companies. Company practices can be compared also against the company’s own industry or size. Company specific comparison can be carried out in Finnish or in English.

In the company specific comparison we can analyse the company’s remuneration practices or a desired peer group with regards to the following elements:

• Company whole salary
• Company CEO notice period and severance pay
• Company’s top management short and long term incentives
• Company’s pension arrangements
• Company board’s annual and meeting fees

The price of the company specific report is agreed separately. Results from company specific comparison are reported personally to the client.