Compliantly hire your distributed team members in
Liechtenstein
To hire new employees in
Liechtenstein
, 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
Liechtenstein
while staying fully compliant with local laws and compliance.
German
Swiss Franc (CHF)
Monthly
15 days
2.19%
83.44
20 days
Typically, an employee receives sick pay from the second day of their illness until they are well enough to return to work. The daily allowance is paid out for a maximum of 720 days within 900 consecutive days. If an employee is completely unable to work, they are eligible to receive 80% of their salary.
20 weeks
In many countries like
Liechtenstein
, 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.
There is no minimum wage.
Overtime pay in Liechtenstein is generally paid at a premium rate, which is usually 25% above the regular hourly rate. However, this may vary depending on the specific provisions of the employment contract or collective bargaining agreement.
Employees customarily receive a Christmas Bonus, known as Weihnachtsgeld. It is 100% of the monthly old-age pension and is typically paid in December.
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.
Generally speaking, each party to an employment contract has the right to provide notice at any time, with or without cause, as long as the legally required or contractually specified notice period is followed.
Following the probationary period, the statutory notice periods are one month during the first year of service, two months during the second year and through the ninth year of employment, and three months beyond that. The length of the written notice period, however, is up to the parties' discretion and can be amended in writing.
The standard probation period in Liechtenstein is one month.
Employees have a pro-rata entitlement to holidays and other benefits, such as bonus payments or share-based remuneration, if the working relationship ends within a calendar year provided that these payments qualify as a part of the salary. The employment contract may also provide severance pay, compensation for a non-compete provision, or other terms.
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.
