Compliantly hire your distributed team members in
the
Cayman Islands
To hire new employees in
the
Cayman Islands
, 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
the
Cayman Islands
while staying fully compliant with local laws and compliance.
English
Cayman Islands Dollar
Monthly
11 days
5%
N/A
2 weeks
10 days
12 weeks
In many countries like
the
Cayman Islands
, 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.
KYD 2,211 - 7,475 per month.
The standard working hours are 9 hours per day and 45 hours per week. Overtime pay must be paid at 1.5 times the employee's basic wage.
Bereavement leave: When a member of an employee's close family passes away, they are entitled to up to five days off work.
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.
5%: Pensions
There are no income taxes imposed on employees in the Cayman Islands.
Employers can terminate employees at anytime when there is a just cause. For example, if the employee commits a work-related offense. However, if the employee finds the termination is unfair, they are entitled to file a complaint within 90 day of the termination.
In the Cayman Islands, the notice period is normally one month long.
The typical probation period is 6 months and can increase upon agreement between the employer and employee.
The typical severance pay is 1 week of salary for every year of employment, capping at 12 weeks.
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.
