Compensation and benefits are important to your employees and company. Meeting Central African Republic’s compensation laws will ensure that you stay compliant, and providing more than the statutory minimums will ensure that you recruit talented employees. But does your company know what benefits you must provide and how to source them?
Globalization Partners provides Central African Republic compensation and benefits outsourcing to companies such as yours. Instead of setting up your own subsidiary, you can use our infrastructure for your expansion. We’ll add your employees to our payroll and benefits plan for complete compliance. While we manage the risk, you can manage your company.
Central African Republic Compensation Laws
The main Central African Republic compensation law is the country’s minimum wage of 35,000 CFA francs per month. Less than 1% of the population has access to banking services, which means you need to discuss the best way to pay employees.
Employees are eligible for overtime if they work beyond 40 hours a week or 48 hours if in the agricultural sector. You should work with employees to determine an appropriate overtime wage and add it to your employment contract. Keep in mind that any collective bargaining agreements (CBAs) or trade unions could stipulate a different overtime wage.
Guaranteed Benefits in This Country
During a job interview, employees will typically ask about compensation and benefits. You need to give all employees statutory benefits packaged in your Central African Republic benefits management plan. Workers who have worked for at least one month with your company should get two working days a month of paid time off until they reach 30. The Central African Republic also celebrates 13 public holidays, and employees should get those days off.
The Central African Republic also provides parental leave for pregnant employees. Typically, maternity leave is 14 total weeks — six weeks before the birth and eight weeks after. If they suffer an illness resulting from pregnancy or childbirth, you can take an extra three weeks of leave as long as a licensed physician certifies it.
How to Disperse Your Central African Republic Benefits Management Plan
If you provide only guaranteed benefits in the Central African Republic, how will your open positions stand out from those with the competition? We recommend providing supplemental benefits to attract the right type of talent to your positions and encourage them to work with your company for longer. Common supplemental benefits include:
- Performance-based bonuses
- Paid paternity leave
- Additional paid time off
- Stipends for housing or education
- Company car or phone
Restrictions for Compensation and Benefits
Compensation and benefits are only applicable to companies with a subsidiary in the country. If you don’t have a registered entity, you cannot provide benefits or compensation legally.
Your other option is Central African Republic benefits and compensation outsourcing with Globalization Partners. As a global PEO, we have subsidiaries around the world that can help your company expand fast. When you use our infrastructure, you can work in a day or two without worrying about compliance.
Globalization Partners Can Assist With Your Expansion Today
If you want to start working around the globe fast, we can help. Contact us today to learn more about Central African Republic compensation and benefits outsourcing.