Personnel fund

A personnel fund is a fund owned and controlled by a company's or agency's personnel and is intended to function as a rewarding mechanism for the personnel and thereby improve the personnel's work motivation and promote the company's success and competitiveness. The task of the personnel fund is to manage the profit bonus items and other assets referred to in the Act on Personnel Funds (814/1989) and paid to it by that company or agency as well as to pay out the members' shares of the fund.

Statistics using the definition

Validity of the definition

  • Valid until (31 December 2078)

Source organisation

  • Tilastokeskus