Hire your remote team in Sweden

Only 499 EUR per employee per month

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Hiring a remote team in a country as Sweden 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)Ā solution helps companies hire remote employees in Sweden. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Sweden with Rivermate

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

2. Introduction

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

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

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 Sweden or individually hire remote employees in Sweden, Rivermateā€™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 Rivermateā€™s Employer of Record Sweden services can best help your company!

3. Hire a remote team in Sweden

Sweden is the largest country in Northern Europe and ranks fifth in Europe, with its capital in Stockholm. It has one of Europe's strongest mixed economies, based primarily on foreign trade and exports of engineering, telecommunications, automotive, and arms. In addition to these, the Swedish economy benefits from timber, hydroelectric power, and iron ore. This massive, knowledge-intensive economy is supported by a small service sector and an established public sector.

Sweden has the third-lowest Gini coefficient among developed countries, indicating that it has one of the lowest levels of income inequality, trailing only Japan and Denmark. Every year, the Swedish government publishes a list of urgently needed professions in the country, which includes IT professionals, business management, medical professionals such as doctors and nurses, and pharmaceutical professionals.

4. Cost of living in Sweden

Sweden's cost of living is $1398, which is 1.5 times higher than the global average. Sweden ranked 27th out of 197 countries in terms of cost of living and 12th in terms of quality of life.

In Sweden, the average after-tax salary is $2744, which is enough to cover living expenses for two months.

5. Cost of renting in Sweden

The cost of living is frequently determined by a variety of factors such as the city in which the person resides, with rents typically being higher near the city center, taxation policies, the industry of work, and so on. The table below provides an overview of the cost of living in Sweden.

The cost of living in Sweden varies greatly depending on the city in which one lives. As a result, the cities can be classified as Tier 1, Tier 2, or Tier 3. Tier 1 cities are those with the highest cost of living. However, this is also related to the fact that salaries in Tier 1 cities are higher and there are more opportunities for economic or social needs.

Stockholm, Sweden's capital with a population of 2.35 million, is classified as Tier 1 and accounts for one-third of the country's GDP. In fact, Stockholm has one of the highest GDP per capita rates in Europe. Gothenburg is Sweden's second-largest city on the West Coast of Sweden, with a metro population of nearly 1 million people. Malmo is the third-largest city in Sweden and the cultural and economic center of South Sweden.

In recent years, the city's modern architectural addition has attracted a slew of IT and biotech firms.

Uppsala and Vasteras are regarded as Tier 2 cities, while Orebro, Linkoping, and Helsingborg are regarded as Tier 3 cities.

6. Major industries in Sweden

Sweden is a lucrative country for many foreign nations, including Switzerland, Luxembourg, and the United Kingdom, to invest in, primarily in the manufacturing sector, as well as in legal, professional, scientific, and technological activities, as well as in wholesale and retail.

The large investments are a direct result of the favorable political and socioeconomic safety net, which aids in the protection of the business climate.

The domestic market also contributes to FDI because it has one of Europe's strongest demographics in terms of purchasing power parity and a growing ability to consume.

This, combined with low corporate taxes and no strict capitalization rules, makes it easier for businesses to establish themselves.

Sweden is also ranked third in the world for Internet speed, with a download speed of 55.18 Mbps and no internet access restrictions.

7. Hiring cost in Sweden

When it comes to immigration, the cost of hiring is an important factor to consider. The cost of hiring, like the cost of living, is determined by a number of factors, including the city's importance, either economically or socially, major industries in the city, the cost of living in the city, and so on. When hiring someone from a location, the hirer must consider the following costs:

- Onboarding

- Opportunity costs

- Hiring and recruiting

- Training

- Expenses incurred during interviews and screening process

- Travel expenses

8. Employment laws Sweden

The Ministry of Employment is primarily in charge of labor market and working-life policies. As a result, it has authority over issues such as labor legislation, work environment, working hours, salary, discrimination, and inclusivity. As a result, the labor court is the final decision-making body for resolving labor disputes.

The anti-discrimination legislation forbids both direct and indirect forms of discrimination and harassment in the workplace. All forms of sexual harassment, as well as harassment based on religion, race, ethnicity, disability, or LGBTQ+ identities, are covered.

Local trade unions then elect representatives to represent employees at work in accordance with the Trade Union Representative Act.

The elected members can then negotiate, revise wages, protect worker rights, engage in collective bargaining, and sometimes act as a pressure group.

The protection of a person's personal data is required by Swedish law. Employers, as a result, do not have a free hand in pursuing employee data such as medical records or criminal records.

Sweden has implemented Council Directive 91/533/EEC, which states that an employer must inform the employee of the terms of the employment contract.

The Employment Protection Act, the Co-Determination Act, the Discrimination Act, the Annual Leave Act, the Personal Data Act, the Parental Leave Act, the Working Hours Act, the Working Environment Act, and the Sick Pay Act are the main laws and statutes governing employment in Sweden.

9. Top skills Sweden

Sweden has a dynamic job market. Major Industries include:

- Iron and steel

- Motor vehicles

- Processed food

- Precision equipment

Sweden also boasts of some multinational companies, which include the likes of:

- Volvo

- Spotify

- Skype

- H&m

Moreover, The Public Employment Agency in collaboration with Swedish Migration Agency produces a list of in-demand skills and occupations, which includes:

- Architects

- Civil engineers

- Construction workers

- Dentists

- Firefighters

- Interpreters

- Lawyers

- Medical secretaries

- Pharmacists

- Software developers

- Teachers

While some jobs in Sweden require language skills, cities such as Stockholm and Malmo offer plenty of opportunities to non-Swedish speakers as well. These cities have the most opportunities in the following industries:

- Technical/IT like Lead Developer or Integration Security Architect

- Sales and Management like Sales executive or Key Accountant

- Digital Marketing

- Customer service operator

- Finance and Investment

Other coastal cities, such as Gothenburg, have long been known for their commercial fishing hubs and related businesses. However, it has been modernized in recent years to focus on other sectors such as the automobile industry. Volvo Cars is by far the largest private employer in the region of Gothenburg.

10. Economic landscape in Sweden

Sweden's economy grew by 0.8% from the previous quarter in the first three months of 2021, exceeding expectations of a 1.1% increase in the first quarter of 2021.

11. Market size in Sweden

Sweden's market size of 531 billion USD and a population of 10 billion USD makes it one of the best countries to immigrate to for a comfortable income, social benefits, and a stable pension scheme. Sweden is also ranked among the top ten countries in terms of stable governance, ease of doing business, and R&D investments.

12. Minimum wage in Sweden

There is no national minimum wage in Sweden. Minimums are established via collective bargaining agreements negotiated by trade unions.

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

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

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