Hire your remote team in Norway

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

Only 499 EUR per employee per month

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Hiring a remote team in a country as Norway 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 Norway. 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 Norway with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Norway, particularly if you don't have established local relationships. You can hire employees in Norway 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 Norway.

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

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 Norway or individually hire remote employees in Norway, 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 Norway services can best help your company!

3. Hire a remote team in Norway

Norway is a country in Scandinavia with a population of over five million people. It has a stable economy with a low unemployment rate and is known for its natural resources and thriving economic sectors like oil and gas, fishing, and mining.

According to Bloomberg, the number of job openings in Norway has reached its highest level in a decade. Higher oil prices and growth in the petroleum industry have helped the economy. The central bank recorded a low unemployment rate of 3.8% in 2018, but this is expected to rise. In comparison to the rest of the continent, the cost of living in Norway is relatively higher.

All of these factors combine to make Norway an ideal location for foreign investment and expansion. Because Norway has complicated labor and employment laws, hiring in the country is difficult without expert guidance and local knowledge.

4. Cost of living in Norway

Norway's cost of living is $1892, which is 2.03 times higher than the global average. Norway was ranked 11th out of 197 countries in terms of cost of living, as well as the 11th best country to live in.

In Norway, the average after-tax salary is $3493, which is enough to cover living expenses for 1.8 months.

5. Cost of renting in Norway

The monthly rent in Norway ranges from USD 900 to 1200 (NOK 7732 to 10310). This may differ depending on your location and lifestyle.

The cost of living in Norway varies greatly between cities. Norway's population is concentrated primarily in four major cities: Oslo, Bergen, Stavanger, and Trondheim.

- Oslo, the capital city, has the highest cost of living because it is a financial and industrial hub for businesses. As a result, it attracts a large number of expats, resulting in a higher cost of living.

- Smaller Norwegian cities like Stavanger, Bergen, and Trondheim have lower living costs than Oslo. This is primarily due to lower wages and the workforce's reliance on the primary and secondary industrial sectors.

6. Major industries in Norway

Oil and gas export revenues have risen to around 40% of total Norwegian exports in 2020, and they contribute around 20% of national GDP.

Norway has a thriving fishing industry, as the country is the world's second-largest fish exporter. After oil and gas, fish from cultures and catch is Norway's second most exported product.

The mining industry makes a significant contribution to the national GDP. According to the Norwegian Geological Survey, the country's mineral production is worth close to USD 1.5 billion. The primary mined natural resources are limestone, iron, titanium, and nickel.

Norway has banned deforestation in order to protect its forests at the 2014 United Nations Climate Summit. It is experimenting with new ways to provide agriculture and crop products while minimizing environmental impact.

The government encourages businesses and service sectors to implement flexible employment policies.

Norway has high-speed internet coverage throughout the country, with an average connection speed of 48.3 Mbps, placing it among the top five countries in the world for internet speeds.

7. Hiring cost in Norway

When it comes to hiring, the cost of hiring is an important factor to consider. This cost is determined by a number of other factors, including the cost of living in the city and overall expenditure in the city. The average Norwegian worker earns around 612,000 NOK (USD 71,011) per year. Salary ranges from 155,000 NOK (USD 17,985) to around 2,730,000 NOK (USD 316,768) for highly skilled employees. When looking to hire someone in a Norwegian city, there are several important factors to consider, including:

- Onboarding costs

- Training

- The cost incurred in taking interviews, conducting the screening process, and completing the hiring

- Opportunity costs

8. Employment laws Norway

- Norway's businesses adhere to the Norwegian Working Environment Act, which governs the relationship between employers and employees. These laws apply to all types of employees, both permanent and temporary.

- The legal framework has shifted toward more accommodating employment policies and employee-friendly codes.

- The applicable regulations are straightforward; however, the authorities retain significant power.

Full-time employees can work up to 40 hours per week. The Act guarantees employees the right to work fewer hours for personal or social reasons.

Every calendar year, all working employees are entitled to four weeks and one day of paid leave. Employees over the age of 60 are entitled to one additional week of vacation per year. All employees are entitled to special maternity and paternity leave benefits.

Employees who do not have a medical certificate are entitled to three days of leave. Employees receive a daily sickness benefit equal to their pensionable income. There are also extra benefits for missing work to care for a sick child.

9. Top skills Norway

Norway has a stable labor market that is heavily reliant on natural resources. Despite the fact that English is widely spoken, many organizations use Norwegian.

The major hiring industries in Norway include:

1. Agriculture

2. Chemicals

3. Food Processing

4. Metals

5. Mining

6. Petroleum and Gas

7. Textiles

Oslo is Norway's economic and governmental center. The capital city is home to important government institutions. Its location in southern Norway and proximity to the sea have made it a hub for the Norwegian trade, shipping, and banking industries. It is now a European center for maritime trade and industry. Here are the top skills in Oslo's major industries:

- Marine Trade

- Ship maintenance

- Trained technical troubleshooting

- Docking and inspections

- Shipping Industry

- Cargo port and logistics

- Recreational cruises and ferries

- Port coordinators and supervisors

- Banking

- Insurance brokering

- Financial services

- Accounting Softwares

Bergen is Norway's second most important city. It has a rich heritage and is an international center for aquaculture. The offshore petroleum and shipping industries have numerous opportunities. Bergen has evolved into a tourist attraction as well as the national center for marine education (the University of Bergen is Norway's largest marine studies institute).

- Tourism

- Tour Guides

- Visa and regulatory advisory

- Tourist vehicles and hospitality

- Offshore Oil and Gas

- Offshore platform supervision

- Piping and compressor technicians

- Rig and Refinery supervisors

- Aquaculture

- Fisheries supervision

- Trade and export staff

- Medical veterinary

- Marine Education

- Marine Research

- Ocean Exploration and Research

- Aquatic Life Research

Stavanger and Hammerfest, both major office hubs for various local and foreign-based oil and gas companies, are two other major cities in Norway. Both cities have seen rapid growth as a result of the offshore oil industry, which is Norway's economic backbone and provides enormous employment opportunities for citizens and ex-pats.

10. Economic landscape in Norway

According to the World Economy Outlook Database, Norway's economy is expected to grow by 2.9% in the first quarter of 2021. This is a significant improvement over the fourth quarter of 2020. Inflation, however, is expected to remain stable at around 2.4% in 2020.

11. Market size in Norway

The Norwegian labor market is stable. Because of mobility constraints, the pandemic had an impact on employment opportunities. Nonetheless, there are signs of improvement, and there is a growing demand for seasonal workers. To meet the needs of the shipping and offshore oil and gas industries, the country requires foreign labor inflow. As of 2020, 2.01% of Norwegian citizens are employed in the agricultural sector, 19.1% in the industrial sector, and 78.89% in the service sector.

12. Minimum wage in Norway

Norway has no minimum wage. However, in most industries, minimum salaries are determined through collective bargaining.

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

Establishing an entity in Norway to hire a team takes time, money, and effort. The labor law in Norway has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Norway 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 Norway 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 Norway via our Employer of Record (EOR) / PEO solution.