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If you are interested in hiring a remote team in Puerto Rico, or even just individual remote employees in Puerto Rico, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Puerto Rico payroll solutions. As a Puerto Rico payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Puerto Rico. We are confident Rivermate’s payroll solutions Puerto Rico will help you grow as a business—because now, you won’t have to worry about your payroll solutions Puerto Rico. We take care of everything payroll!
With Rivermate, you can run Puerto Rico 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 Puerto Rico 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.
Information on taxation rules in Puerto Rico are currently unavailable.
Companies that wish to expand their operations globally have four different payroll options in Puerto Rico. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Puerto Rico. 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. Puerto Rico payroll outsourcing: Outsourcing your payroll to an Employer of Record in Puerto Rico, 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 Puerto Rico 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 Puerto Rico have different ways of managing payroll. However, most of the options you have for running payroll in Puerto Rico are either expensive or require establishing a subsidiary in Puerto Rico. The cheapest, most efficient, and most reliable payroll processing system in Puerto Rico is by outsourcing payroll to Employers of Record (EOR) in Puerto Rico. 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 Puerto Rico. 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 Puerto Rico. 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 Puerto Rico.
Employers must have "just cause" to terminate an employee based on performance or behavior on the job. If there is no legitimate reason for firing, the employee is compensated with severance compensation.
For businesses subject to the Federal Fair Labor Standards Act, the minimum wage is $7.25 per hour (FLSA). For individuals not protected by the act, the minimum wage is $6.55 or 70% of the federal minimum wage, whichever is greater.
Employees under the age of 20 may be paid a "training" pay of $4.25 for the first 90 days of employment, but must be paid the federal minimum of $7.25 immediately after the conclusion of the 90-day period.
In Puerto Rico, the standard workweek is 40 hours, with eight-hour days.
Employees between the ages of 14 and 18 may be employed only with a special permit that allows for a 40-hour workweek. If the worker is enrolled in school, the total number of school and work hours per day cannot exceed eight. Between the hours of 8:00 a.m. and 6:00 a.m., workers between the ages of 14 and 16 may work. between 6 a.m. and 6 p.m., while workers aged 16 to 18 years may work between 6 a.m. and 6 p.m. and ten o'clock p.m.
Puerto Rico offers health insurance. There is also the option of purchasing private insurance on your own.
Mandatory benefits postulated by law include a probationary period, pay on annual leaves, public holidays, sick leaves, maternity leave, paternity leave, and overtime pay. Statutory benefits also include social security benefits