Choosing the right Niger compensation and benefits is vital to the success and health of your company. Your Niger benefits management plan has to include statutory benefits, and your employment contracts need...
Read MoreChoosing the right Niger compensation and benefits is vital to the success and health of your company. Your Niger benefits management plan has to include statutory benefits, and your employment contracts need to meet Niger's compensation laws. While this may seem simple, you have to source benefits and decide on the right level of compensation while handling all other aspects of your expansion.
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Choosing the right Niger compensation and benefits is vital to the success and health of your company. Your Niger benefits management plan has to include statutory benefits, and your employment contracts need to meet Niger’s compensation laws. While this may seem simple, you have to source benefits and decide on the right level of compensation while handling all other aspects of your expansion.
Globalization Partners understands these challenges and will make it easier for you to expand through Niger benefits and compensation outsourcing. We’ll use our Niger PEO to pay your employees, and we’ll add them to our existing and compliant benefits plan. Our goal is to help you start working faster and take on the compliance so that you can focus on running your company.
Niger’s compensation laws include a minimum wage of 30,047 CFA francs a month — about $60. The minimum wage was last changed in 2012, so it could get updated again soon. Employees in Nigeria shouldn’t work more than 40 hours a week. If they do, you should include an overtime provision in the employment contract.
All employees must receive statutory benefits for your company to stay compliant. Add time off for the country’s 12 public holidays to your Niger benefits management plan, then also include 22 days of paid annual vacation. Generally, employees should also get at least five paid sick days each year.
Maternity and paternity leave are other important guaranteed benefits. Female employees should get 14 weeks of paid maternity leave — six are compulsory, and eight can get used after the birth. Employers pay 50% of this benefit, and social security pays 50% if the employee has worked for the company for at least two years. Fathers should get one day of paid paternity leave.
Before you start to disperse benefits to employees, you should add supplemental benefits to your plan and also give them out to employees, including anything from more paid time off to annual bonuses or even private health insurance. If you’re not sure what kinds of benefits would have the biggest impact, talk to your employees to see what they would appreciate the most.
Typically, you can’t provide compensation and benefits until you incorporate in Niger. Depending on where you are in the country and what kind of entity you choose for the process, it could take up to a few months. When you’re finally ready to hire employees, many of your preferred candidates may have moved on.
Globalization Partners provides a suite of global expansion services, including Niger benefits and compensation outsourcing that can help you make the most of your expansion. Plus, we’ll act as the Employer of Record to handle all compliance, including Niger compensation laws. You’ll have to focus only on growing your business.
If you’re wondering how you’ll find the right benefits and pay employees, Globalization Partners can help. Contact us today for more information about Niger compensation and benefits outsourcing.
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