To hire new employees in
Barbados
, 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
Barbados
while staying fully compliant with local laws and compliance.
English
Barbados dollar (BBD)
Biweekly or Monthly
13 days
12.75%
88.8
Employees earn annual leave after one year of employment. Entitlement to leave varies based on length of employment.
There is no statutory entitlement to uncertified sick days in Barbados and leave granted can depend on an employee’s contract.
12 weeks
In many countries like
Barbados
, 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.
Minimum wage varies by employment sector.
Overtime pay is not mandatory, but it is frequently given to employees in Barbados. Overtime is calculated at 1.5 times an employee’s regular pay.
There are no mandatory work bonuses in Barbados.
For all Borderless customers, employee payments will be made in equal monthly instalments on or before the last working day of each calendar month, payable in arrears.
When employment is terminated, an employer must provide the employee with a Termination of Services or Lay-off Certificate, as well as sending one to the National Insurance Office within one week of the termination. If the employer does not provide a certificate, they face a penalty of $1000, with an extra $200 added on for each day that they fail to comply with employer requirements. A certificate must be given, no matter how long the employee worked for the company.
Two weeks’ notice up to five years. Four weeks’ notice for more than five years’ employment.
The probation period in Barbados is 3 months.
For the first 10 years an employee works, severance is calculated at a rate of 2.5 weeks’ pay per year of service. From the 11th to 20th year at work, severance is calculated at three weeks’ pay per full year worked.
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.