Compliantly hire your distributed team members in
the
Bahamas
To hire new employees in
the
Bahamas
, your business must have a local legal entity or an Employer of Record like Borderless in place already. Then there’s the management of local employment compliance, taxes, benefits, payroll, and more. Hiring contractors poses similar challenges.
Borderless handles all of that for you, so you can focus on getting to work with your new team member in
the
Bahamas
while staying fully compliant with local laws and compliance.
English
Bahamian dollar ($, BSD)
Monthly
15 days
5.90%
90.9
2 weeks after employees have completed one year of work
1 week
12 weeks
In many countries like
the
Bahamas
, the treatment of employees and contractors is different. If you misclassify a new team member, you could be subjected to penalties and fines. Let Borderless get this right for you, so you don’t have to worry.
The minimum wage in Bahamas is $260 per week.
The standard working hours are 8 hours per day and 40 hours per week. Overtime pay is 1.5 times the employee's regular wage and 2 times when the employee works overtime on a public holiday
Bereavement leave: Employees are eligible for up to 8 days of annual leave for pressing personal matters. For instance, accidents, the passing away or significant illness of close relatives, and situations brought on by fire or flooding.
For all Borderless customers, employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
5.9%: National insurance
3.9%: Social security contribution
In order to avoid the employee from filing a wrongful dismissal case, the employer must provide the employee with notice or severance compensation. The employer is entitled to terminate the employee at any time if the employee committed work-related offenses.
The notice period in Bahamas depends on the employee's tenure.
There is no official probationary requirement but certain collective agreements allocate a probation of 12 months.
For every year of employment up to a maximum of 12 years, the Bahamas' standard severance package is 4 weeks' income.
When the world is your competition, it pays to incentivize new hires and existing alike. Borderless benefits packages typically include:
Book your demo of Borderless to help you hire, pay, and take care of new employees and contractors in 170+ countries.
