Norway

Last Update by Katie, 01 Aug 2024

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Exchange Rate

18 Sep 2024

 

Cost of Living

Indicative value for a working adult in a city: Oslo

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (NOK)
McDonalds Set Meal 126
Monthly Train and Bus Tickets 897
3 Bedrooms Rental (City Center) 24,729
3 Bedrooms Rental (Outskirt) 18,150

Current Inflation Rate

4.1%

Wage

Minimum Wages

  • There is no statutory minimum wage- wages are determined by collective agreements

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (NOK)
Entry-Level
Fresh Graduate
3,000
Mid-Level
5 Years
5,000
Experienced & Managerial Level
10 Years
6,000
Specialized & Senior-Level
15 Years
9,000

Annual Salary Growth

4.9%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Social Security 14.1%
+ 5% income exceeding 850,000 NOK
7.80% All staff aged 18-69
Occupational Injury Insurance Premium set by individual insurers Income up to 72,662 NOK per year All staff
Pension Scheme (OTP) Minimum 2% annual salary
Income exceeding 1,000 NOK
- All staff aged over 13

Other Benefit

Other common employment benefits in Norway include:

  • Additional leave: 4 days off
  • Combined allowance for internet & mobile phone: 4,390 NOK per month
  • Additional annual leave: 1-5 days per year
  • Christmas gifts for employees: up to NOK 5,000 per year

Income Tax

Residents

  • Tax period: January 1st-December 31st
    Filing start date: 30th April

Country Level

Taxable Income Rate
0 – 208,050 0%
208,051 – 292,850 1.7%
292,851 – 670,000 4.0%
670,001 – 937,900 13.6%
937,901 – 1,350,000 16.6%
1,350,001+ 17.60%

Non-residents

  • Non-resident pay tax on specific income from Norwegian sources at 25% (including 8.2% National Insurance)

Working Hours

Statutory

40 hours
8 hours a day, 5 days a week

Typical practice

40 hours
Monday-Sunday

Overtime

9 hours of work within 24 hours , 40 hours in 7 days

  • Over 40 hours: Paid at 140% per hour at the regular rate
  • Hours cannot exceed
    - 10 hours in 7 days
    - 25 hours in 4 consecutive weeks
    - 200 hours in 52 weeks

Employment Contract

Permanent

Contract Format

Written, in Norwegian or English, bilingual contracts in other languages are also accepted and issued no later than 1 month before staff begin working

Payroll Currency

NOK, other currencies accepted but agreements must be in writing

Probation

Up to 6 months

Contract Period

No minimum duration

Termination

  • During Probation:
    - 14 days by either party
  • Voluntary resignation:
    - Up to 3 months
  • Involuntary termination:
    - Under 5 years' service: 1 month
    - Over 5 years' service: 2 months
    - Over 10 years' service: 3 months
    - Staff over 50-54 years old: 4 months
    - Staff over 55-59 years old: 5 months
    - Staff over 60 years old: 6 months
  • Severance:
    - No statutory severance
    - Typical practice: Employers offer discretionary packages

Public Holiday

12 days

Country Level

Date Name
01 Jan New Year's Day
28 Mar Maundy Thursday
29 Mar Good Friday
31 Mar Easter Sunday
01 Apr Easter Monday
01 May Labor Day
09 May Ascention Day
17 May Constitution Day
19 May Whit Sunday Pentecost
20 May Whit Monday
25 Dec Christmas Day
26 Dec - 26 Dec Boxing Day

Leave

Leave Type Entitlement Notes
Annual Leave 25 working days
31 working days
Staff under 60 years
Staff over 60 years
Sick Leave Up to 52 weeks per year All staff with 4 weeks' service
Pregnancy and Maternity Leave 18 weeks
12 weeks pregnancy
6 weeks maternity
All expectant mothers with 4 weeks' service
Paternity Leave 2 weeks All expectant fathers
Parental Leave 49 weeks: 1 child
66 weeks: 2 children
95 weeks: 3 or mor children
All expectant parents with children under 3 years old using the full allowance
Adoption and Foster Care Leave 12 weeks
24 weeks
Staff fostering ort adopting a child
For sole parents
Care Leave 1-2 children: 10 days
3-4 children: 15 days
Staff caring for children up to 12 years old who are sick

Reference

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