Launch of International Shared Risk Scheme

FIDC is pleased to launch a new scheme to assist the business community with reducing the risk of the international recruitment process.

In the FIDC 2023 Business Climate Survey, shortage of skilled labour was highlighted by businesses in the Falkland Islands as being their largest barrier to growth. The shortage of available labour in the Islands has led to businesses looking to recruit internationally. Feedback from the business community has highlighted the problems experienced when recruiting internationally for staff, with significant time and expense invested into recruitments that may fail for a variety of reasons.

With the International Recruitment Shared Risk Scheme, FIDC seeks to assist businesses to mitigate some of the inherent risk in recruiting internationally. FIDC will cover a percentage of expenses incurred, with a maximum pay out of £5,000, to any small or medium sized companies within the Falkland Islands for the costs associated with a recruitment in the event that an overseas hire exits the company within the first 12 months of employment. Pre-registration to the scheme is required.

If your business is interested in registering to the scheme or if you have any questions please contact FIDC by e-mail or by telephone on +500 27211.

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