How to use an Employer of Record to Employ in the Faroe Islands ?

Part of the Kingdom of Denmark, the Faroe Islands are a self-governing archipelago comprising a group of 18 volcanic islands. This breathtakingly beautiful place is known for its waterfalls, hiking trails, rocky coastlines and the music festivals that take place throughout the year. Majestic mountains, towering cliffs, beautiful beaches and lush greenery everywhere you look.

In this article, we tell you how to use Employer of Record to Employ in the Faroe Islands.But first, let’s get to know the islands better.

Exploring Europe’s best-kept secret

The Faroe Islands are often referred to as the land of maybe because of their unpredictable weather. Tucked between Iceland and Norway, the Faroe Islands is located in the North Atlantic Ocean.

Although the Faroe Islands may be the most beautiful place in Europe, the locals don’t lock their houses. They also don’t understand why this is so important, as they have never been victims of pickpocketing or robbery.

The Faroe Islands currently generate around 50% of their electricity from renewable sources. According to the State of Green, the country wants to make wind, water, sun, tides, pumping systems and batteries the central elements of electrification by 2030.

Incidentally, the Faroe Islands are one of the few countries to have been spared the tragic consequences of the COVID-19 pandemic. Thanks to their quick action and collective sense of responsibility, the Faroe Islands have fought the COVID-19 epidemic quickly and efficiently.

The shortage of highly skilled labor is a common problem in the Faroe Islands. So let’s explore the benefits of hiring remote workers.

Benefits of hiring remote workers in the Faroe Islands

Here are five reasons why you should definitely consider hiring remote workers.

1. Local hiring is cool but remote hiring is empowering

Of course you should consider hiring remote workers because it gives you access to the best people out there. It gives everyone a chance to work for a great company like yours.

2. Remote work means higher productivity

Many people would say that working from home doesn’t make them particularly productive, but remote working is not about working from home, it’s about having the opportunity to work from different locations.

Productivity is measured by the number of tasks we can effectively complete in a given amount of time. Productivity doesn’t mean sitting somewhere for eight hours straight.

3. Lower staff turnover

Many companies measure turnover and check whether team members are happy with a particular company. The problem, however, is that we shouldn’t just measure turnover as a factor to consider when we talk about happiness at work and job satisfaction.

So the higher the turnover, the more people leave your company, the more it costs you. So imagine how much it costs you when you lose one person from your team. You use the skills you have, you have to use recruitment agencies and you also have to use your own resources.

When a person is not on board, you also lose money. Because maybe your client is waiting for something that you can’t deliver because you don’t have that person available right now.

If you give your employees the opportunity to work remotely, they will be more willing to stay with your company for longer. This is because remote working allows you and your team to be flexible. That’s the biggest advantage you can take.
However, remote working is not just a benefit, it's also a business model. If you give your employees the freedom to work in the most efficient way, they will be less likely to leave your company.

4. Remote working is cost-efficient for everyone

The second reason from a business perspective is, of course, cost. It lowers the cost of all office space.

5. Remote working promotes diversity

And last but not least. Unfortunately, many companies don’t understand that diversity is a tool for improving business processes, operations and efficiency.

So if you really want to have a diverse workplace, look around you. Look at the whole world and think that this is your talent pool from which you can hire people from different regions and the farthest parts of the world. No matter what their beliefs are. No matter where they live. You don’t have to relocate them.

There's a great study from BCG. It says that diversity leads to more and better innovation and better financial performance.

If you want to learn more about why you should hire remote workers and you are looking for employees in the Faroe Islands, let us guide you through the Employer of Record industry.

Hiring Through Employer of Record in the Faroe Islands

So what is the solution for employers hiring in the Faroe Islands?

If you want to hire employees in the Faroe Islands, you can use the Employer of Record. An Employer of Record provides an easy way for companies to employ and pay employees wherever they are located. You can find more information at Swapp Agency.

However, if you are an EU citizen or a citizen of a country outside the EU and you have been offered employment in the Faroe Islands, Swapp Agency will also help you with the proper employment process to make your relocation as easy as possible.

Summary

The Faroe Islands are a place characterized by its dramatic natural features shrouded in mist. The islands are located in the North Atlantic Ocean halfway between Iceland and Norway and about 300 kilometers north of Scotland.

They are undoubtedly beautiful islands with a strong cultural identity and, incidentally, one of the most vibrant art scenes in Europe, but in search of a clear international status both within their kingdom and their continent.