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If you are interested in hiring a remote team in Jamaica, or even just individual remote employees in Jamaica, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Jamaica payroll solutions. As a Jamaica payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Jamaica. We are confident Rivermate’s payroll solutions Jamaica will help you grow as a business—because now, you won’t have to worry about your payroll solutions Jamaica. We take care of everything payroll!
With Rivermate, you can run Jamaica payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
Once you've determined the best Jamaica payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
Employers in Jamaica use a Pay As You Earn (PAYE) system, in which taxes are deducted directly from employees' paychecks in accordance with the Income Tax Act and Income Tax Regulations. Jamaica's current income taxes are progressive, ranging from 0% to 30% on profits exceeding $6,000,000. Remember that your company must also pay income taxes based on your earnings.
Companies that wish to expand their operations globally have four different payroll options in Jamaica. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Jamaica. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Jamaica payroll outsourcing: Outsourcing your payroll to an Employer of Record in Jamaica, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Jamaica can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Jamaica have different ways of managing payroll. However, most of the options you have for running payroll in Jamaica are either expensive or require establishing a subsidiary in Jamaica. The cheapest, most efficient, and most reliable payroll processing system in Jamaica is by outsourcing payroll to Employers of Record (EOR) in Jamaica. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Jamaica. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Jamaica. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Jamaica.
Employers should make a written statement or notify employees of their termination in the presence of a credible witness. Additionally, a notice of termination must be given.
The minimum wage in Jamaica is set at 7,000 Jamaican dollars in a week. Security guards have a different minimum wage, which is currently set at $9,700 a week.
Full-time employment is defined as 40 hours per week, or approximately 8 hours per day. A week's maximum number of days an employee may work is six.
In Jamaica, employee benefits can include, and is not limited to, any combination from the listing below:
Health insurance, including coverage of dental and optical care
Life insurance, including, in the case of public service officers, death benefit (JMD10 million)
Accidental death and dismemberment
Pension - employer voluntary contribution up to 20% of salary. This is additional to 2.5% compulsory for NIS
Sick leave with pay - up to 10 days per 12 months after first year
Casual leave with pay - up to 10 days off for the year at a maximum of 3 days at any time
Study leave with pay
Holiday with pay - up to 25 days after 3 years
Travel allowance and motor vehicle upkeep
Uniform and Laundry Allowances
Gratuity - after working 20 weeks
Motor vehicle - fully maintained
Entertainment
Telephone
Subsistence level - $2,500 per 24 hour period for public service officers
Supper/Meal allowance - $700 per occasion for public service officers
Taxi Allowance - $700 per occasion for round town and $1,200 per occasion for out of town for public service officers
Shift allowance, between $13.75 and $20 per hour for public service officers
Funeral grant - $220,000 for public service officers
The benefit amounts are provided in JMD and apply to public servants and the 2015 financial year. The benefits depend on who is the employer (public or private) and level of appointment. For employers, some benefits are mandatory, for e.g., sick leave and holiday with pay. For others, it is discretionary, e.g., allowance for travel or subsistence.
