Compliantly hire your distributed team members in
Bermuda
To hire new employees in
Bermuda
, 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
Bermuda
while staying fully compliant with local laws and compliance.
English
Bermudian Dollar (BMD)
Monthly
10 days
N/A
N/A
10 days
8 days
13 weeks
In many countries like
Bermuda
, 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.
BMD 400 per month.
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.
Bereavement leave: Employees are entitled to 3 days leave when there is a death of an immediate family member and 5 days to attend funerals of family members overseas.
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.
Employers are subject to a payroll tax in Bermuda, with the rate depending on the employer category or the yearly payroll total.
The employer must provide a written notice for the termination.
The notice period depends on the employee's payroll cycle.
The average probation period in Bermuda is 6 months.
The severance pay is determined by the length of employment. The minimum severance pay is 2 weeks' salary for each year of employment up to 10 years, and 3 weeks' salary for each year of employment thereafter, capping at 26 weeks' salary.
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.
