Employer of Record Norway

In Norway, holiday pay is accrued the year before the vacation is taken (the "earning year"). It's typically 10.2% of the gross salary for employees under 60 years, and 12.5% for employees over 60. This pay is meant to compensate for the loss of regular income during vacation time and is usually paid out the month before the holiday is taken.

Yes, Norway has strict rules for employment termination. Employers must have a justifiable reason for terminations, and employees are entitled to a notice period, which varies depending on the length of service. Severance pay is not mandatory but can be part of the employment contract or collective agreement.

Hiring through an Employer of Record in Norway allows international companies to hire local talent without establishing a legal entity in Norway. The EOR handles compliance with local labor laws, payroll, taxes, and social contributions, reducing the administrative burden and legal risk for the foreign company.