Your employees require a certain level of compensation and benefits to choose your position over another. Providing outstanding compensation and benefits will also encourage employees to stay with your company long-term. But...
Read MoreYour employees require a certain level of compensation and benefits to choose your position over another. Providing outstanding compensation and benefits will also encourage employees to stay with your company long-term. But do you know the Republic of the Congo's compensation laws and the statutory benefits that you must provide?
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Your employees require a certain level of compensation and benefits to choose your position over another. Providing outstanding compensation and benefits will also encourage employees to stay with your company long-term. But do you know the Republic of the Congo’s compensation laws and the statutory benefits that you must provide?
Globalization Partners offers Republic of the Congo benefits and compensation outsourcing to make your expansion faster and easier. We can add your employees to our payroll and benefits plan to ensure total compliance. You won’t have to waste time setting up your own subsidiary or plans, as we’ll handle everything for you.
The Republic of the Congo’s minimum wage was set at 90,000 CFA francs per month as of 2018. The standard workweek is 40 hours split over five or six days, and the government sets aside rest periods and overtime pay.
Every employee needs to receive guaranteed benefits as part of a Republic of the Congo benefits management plan. Workers must receive, at minimum, 26 days of paid leave per year of service.
Female employees should also receive a minimum of 15 weeks of maternity leave.
After you create a benefits plan, you must give out all statutory benefits to employees. However, you can benefit from going above and beyond and providing supplemental benefits not required by law. Whether it’s performance-based bonuses, a health stipend, a company car, or education allowance, you can benefit from greater longevity and happiness in employees.
While there are many restrictions for compensation and benefits in the Republic of the Congo, the biggest is the incorporation process. You must have a registered subsidiary in the country before you can give out compensation and benefits to employees. However, many companies need weeks or months to establish a subsidiary, and that can delay their plans to work in the country.
Globalization Partners can help you expand faster through Republic of the Congo benefits and compensation outsourcing. We’ll use our subsidiary in the country to help you work in a day or two. Since we’ll be the Employer of Record, we’ll be responsible for all compliance instead of your company.
Globalization Partners will help you succeed in business around the world. Contact us today to learn more about Republic of the Congo compensation and benefits outsourcing.
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