Compliantly hire your distributed team members in
Nicaragua
To hire new employees in
Nicaragua
, 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
Nicaragua
while staying fully compliant with local laws and compliance.
Spanish
Nicaraguan córdoba NIO
Weekly or monthly
10 days
20-22.5%
36.8 (94 of 140)
15 days after 6 months employment
26 days
12 weeks
In many countries like
Nicaragua
, 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 Nicaragua is NIO 5196.24 per month.
Overtime is paid at 200% of the employee's hourly rate.
There is no additional pay detail for Nicaragua.
For all Borderless customers, payments will be made weekly or monthly by the last day of the month.
Termination processes vary per employment agreement.
Employers must request permission from the labour inspection department to terminate an employee with just cause.
The general notice period is 15 days.
The average probation period is 30 days.
Severance is entitled to no less than one month's salary and cannot exceed 5 month's 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.
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