Hire your remote team in Luxembourg

Name: Hire a remote team in Luxembourg
Brand: Rivermate
SKU: luxembourg
Price: 499 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 499 EUR per employee per month

We currently do not offer any services in this country.
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Hiring a remote team in a country as Luxembourg comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Luxembourg. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Luxembourg with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Luxembourg, particularly if you don't have established local relationships. You can hire employees in Luxembourg effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Luxembourg.

As an employer of record, we help you hire employees and run payroll services in Luxembourg, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Luxembourg.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Luxembourg or individually hire remote employees in Luxembourg, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Luxembourg services can best help your company!

3. Hire a remote team in Luxembourg

The Economist Intelligence Unit puts Luxembourg fourth in terms of quality of life, while the United Nations Human Development Index rates it 26th. Despite strong Covid-19 prevention efforts, Luxembourg's economic development surged in the first quarter of 2021. In yearly terms, GDP increased by 4.9%, the fastest gain in over four years. Luxembourg ranks 23rd in the world's most liveable cities, according to an Economist Intelligence Unit survey, based on five factors: education, culture and environment, general stability, infrastructure, and healthcare.

Luxembourg is the world's second-best nation in terms of talent retention and attraction, third in terms of service profession salary, and fourth in terms of foreign highly trained personnel availability. A third of Luxembourg's economic production comes from the financial industry, which needs specialist knowledge employees.

Luxembourg also makes significant investments in the logistics and space industries. The government is making substantial attempts to recruit start-ups, many of which are focused on the financial technology industry. Luxembourg is well-known for its competent workforce, which includes international talent.

4. Cost of living in Luxembourg

Luxembourg's cost of living is $2050, which is 2.2 times more than the global average. Luxembourg rated 8th out of 197 nations in terms of cost of living and 21st in terms of quality of life.

In Luxembourg, the average after-tax wage is $3499, which is enough to pay living costs for 1.7 months.

5. Cost of renting in Luxembourg

The monthly cost of living in Luxembourg for a family of four is projected to be €4,507, or $5380.

A single person's monthly living expenses in Luxembourg are projected to be €2,681, or $3200.

Luxembourg has a higher cost of living than 77% of Western European cities. It is also more costly than 82% of the cities in the globe. Luxembourg is a somewhat costly city to live in, thus combining the expenditures of food, housing, and clothes results in increased monthly expenses.

Luxembourg City, the capital, is undoubtedly the most costly city in the country.

6. Major industries in Luxembourg

Luxembourg's economy is primarily based on steel, tourism, agricultural, banking, telecommunications, and industrial sectors.

Automotive, real estate, finance, ICT, logistics, manufacturing, science, engineering, medical, and digital marketing are also in high demand.

Banking is the biggest industry in the world. Because the local market in Luxembourg is limited, the country's financial center is predominantly foreign.

Luxembourg has a strong financial industry because to its solid regulatory environment and stable economy.

Luxembourg's government initiatives seek to develop and promote the country as a communication hub.

Tourism contributes significantly to the national economy, employing around 15% of the working population.

Despite the fact that Luxembourg's productive agricultural industry is modest, it is funded by the government and the EU and employs around 1-4% of the workforce. Farmers are mostly involved in dairy and meat production.

Luxembourg is a significant European logistics center due to its strategic position, world-class cargo and airport facilities, and connections to major rail, road, and river arteries.

Luxembourg is known for emphasizing information and communication technology, having the most data centers and Europe's second-best digital connection (ICT).

Luxembourg has an average upload speed of 19 MB and a download speed of 105.11 MB. It is also the world's fifth-fastest network nation.

7. Hiring cost in Luxembourg

Recruiting costs are a significant aspect that should always be addressed when hiring new employees. Hiring personnel has expenses that will most likely vary by area. Labor costs are quite expensive in Luxembourg when compared to other European nations. Hiring costs should include other fees such as:

- Recruitment process expenses

- Hiring lawyers and accountants

- Setting up a business entity in Luxembourg

- Publishing job ads on job boards and networking sites

- Training

- Employing HR staff to handle hiring in Luxembourg

- Working with a translator

- Paying a third-party background check

- Screening checks

- Opportunity and onboarding costs

8. Employment laws Luxembourg

Employees in Luxembourg may generally work a maximum of 40 hours per week and 8 hours per day. Only under a rigorous legal framework are flexible working arrangements conceivable. Employees are also entitled to time off.

Wages and wages are set by a negotiated employment contract between the employer and the employee, or by referring to a collective bargaining agreement reached at the trade sector or firm level.

A pregnant employee is entitled to 20 weeks of paid maternity leave (eight weeks before and twelve weeks after delivery), subject to certain criteria.

Luxembourg's social security system covers risks such as pregnancy, illness, disability, accidents, hospitalization, retirement, and unemployment.

In addition, the social security system offers a widow's pension, a family allowance, insurance for dependents, and a guaranteed minimum income.

9. Top skills Luxembourg

The most in-demand job skills in Ethiopia include the following:

1. Artificial Intelligence

2. Virtualization and cloud

3. Project and Data Management

4. Finance

5. Accounting

6. Communication

7. Critical Thinking

8. Human Resource Management

9. Data Analysis

10. Digital Marketing

11. Content Strategy

12. Copywriting

13. Legal Advising

14. Proofreading

15. Corporate Assistance

16. Marketing Management

17. Investment Analysis

10. Economic landscape in Luxembourg

Luxembourg's GDP is expected to grow by 4.8% in 2021. Domestic demand recovery will most likely accelerate as investment and private consumption grow gradually. In the third quarter of 2021, the country's unemployment rate is predicted to be 6.6%. Luxembourg has one of the highest levels of economic prosperity among industrialized democracies.

11. Market size in Luxembourg

Information on the market size of Luxembourg is currently unavailable.

12. Minimum wage in Luxembourg

The minimum wage is 2,201.93 EUR per month. The minimum wage for a skilled worker has been increased by 20%, bringing it to 2,642.32 EUR.

13.Why choose Rivermate to hire your remote team in Luxembourg?

Establishing an entity in Luxembourg to hire a team takes time, money, and effort. The labor law in Luxembourg has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Luxembourg simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Luxembourg give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Luxembourg via our Employer of Record (EOR) / PEO solution.