Sri Lanka – Employer of RecordReading Time: 3 minutes
Globalization Partners provides employer of record services for clients that want to hire employees and run payroll without first establishing a branch office or subsidiary in Sri Lanka. Your candidate is hired via Globalization Partners’ Sri Lanka PEO in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. The individual is assigned to work on your team, working on your company’s behalf exactly as if he or she were your employee to fulfill your in-country requirements.
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Thus, our Global Employer of Record Platform™ and Global PEO service enables clients to run payroll in Sri Lanka while HR services, tax, and compliance management matters are lifted from their shoulders onto ours. As a Global PEO expert, we manage employment contract best practices, statutory and market norm benefits, and employee expenses, as well as severance and termination if required. We also keep you apprised of changes to local employment laws in Sri Lanka.
Your new employee is productive sooner, has a better hiring experience and is 100% dedicated to your team. You’ll have peace of mind knowing you have a team of dedicated employment experts assisting with every hire. Globalization Partners allows you to harness the talent of the brightest people in 170 countries around the world, quickly and painlessly.
Overview of Sri Lanka
Sri Lanka is located in South Asia and has a population of 20.9 million. The capital city of Sri Lanka is Sri Jayawardenepura Kotte (or simply: Kotte) which has a population of 120,000.
Having been ruled by the Portuguese, Dutch and British, there are a number of languages spoken in Sri Lanka. Sinhalese and Tamil are the two official languages of Sri Lanka while the Constitution defines English as the link language. English is widely used for education, scientific and commercial purposes. Members of the Burgher community speak variant forms of Portuguese Creole and Dutch with varying proficiency, while members of the Malay community speak a form of Creole Malay that is unique to the island.
When negotiating terms of an employment contract and offer letter with an employee in Sri Lanka, it may be useful to keep the following in mind:
Employment Contracts in Sri Lanka
In Sri Lanka, employment contracts can be oral or written, but it best practice to put a strong, written contract in place, in Sinhala or Tamil, which spells out the terms of the employee’s compensation, benefits, and termination requirements. An offer letter and employment contract in Sri Lanka should always state the salary and any compensation amounts in Sri Lankan rupees rather than a foreign currency. The employment contract template is part of the service with Globalization Partners; no need to draft a separate template if you use our employer of record and PEO service in Sri Lanka.
Sri Lanka Holidays
- Duruthu Full Moon Poya Day
- Navam Full Moon Poya Day
- Mahasivarathri Day
- Bak Full Moon Poya Day
- Good Friday
- Labor Day
- Vesak Full Moon Poya Day
- Poson Full Moon Poya Day
- Nikini Full Moon Poya Day
- Binara Full Moon Poya Day
- Vap Full Moon Poya Day
- Il Full Moon Poya Day
- Christmas Day
Why Globalization Partners
Establishing a branch office or subsidiary in Sri Lanka to engage a small team is time-consuming, expensive and complex. Sri Lankan labor law has strong worker protections, requiring great attention to detail and an understanding of local best practices. Globalization Partners makes it painless and easy to expand into Sri Lanka. We can help you hire your candidate of choice, handle HR matters and payroll, and ensure that you’re in compliance with local laws, without the burden of setting up a foreign branch office or subsidiary. Our Sri Lanka PEO and Global Employer of Record Platform provides you peace of mind so that you can focus on running your business.
If you would like to discuss how Globalization Partners can provide a seamless employee leasing or PEO solution for hiring employees in Sri Lanka, please contact us.