Compliantly hire your distributed team members in
Ecuador
To hire new employees in
Ecuador
, 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
Ecuador
while staying fully compliant with local laws and compliance.
Spanish
United States Dollar ($, USD)
Bimonthly/Monthly
12 days
12.15%
$$ (90 of 139 nations)
15 days
Up to 2 months
12 weeks
In many countries like
Ecuador
, 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 Ecuadorian government has set the minimum wage as follows:
Standard working hours are 8 hours per day, 40 hours per week. The standard work week is from Monday to Friday.
Ecuador's '13th salary' consists of an additional monthly bonus equal to one-twelfth of everything received by the employee during the year. This payment can be made once a year, but it must be made by December 22nd if offered.
Ecuador's 14th salary is equal to the government's monthly minimum wage ($400 in 2020) and is paid in March or August, depending on the workplace's location. The employee may request that it be paid in installments, which must be paid before March 15 in the Coastal and Insular regions and until August 15 in the Highlands and Amazon regions.
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.
Employee contracts may be terminated if a reasonable just cause, such as dishonesty, negligence, fraud, or any other work-related offense, is established. Aside from that, advance notice should be provided if both parties agree.
There is no set notice period, and employers are only required to follow the terms outlined in the employment contract.
When an employee is hired, a probationary period of up to 90 days can be established.
Employees are entitled to a severance package equal to one month's salary multiplied by the number of years the worker has been with the employer, up to 25 years, if they are terminated without proper notice.
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.
