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If you are interested in hiring a remote team in Saudi Arabia, or even just individual remote employees in Saudi Arabia, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Saudi Arabia payroll solutions. As a Saudi Arabia payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Saudi Arabia. We are confident Rivermate’s payroll solutions Saudi Arabia will help you grow as a business—because now, you won’t have to worry about your payroll solutions Saudi Arabia. We take care of everything payroll!
With Rivermate, you can run Saudi Arabia 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 Saudi Arabia 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.
As an employer, you must pay certain taxes on behalf of your employees while also ensuring that those employees are registered to pay taxes. Employers must pay Saudi social insurance tax (GOSI) on behalf of each employee based on their basic salary. Typically, you should budget 10% of the employer's cost for this. You must also contribute 2% to occupational hazards insurance for all employees.
Companies that wish to expand their operations globally have four different payroll options in Saudi Arabia. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Saudi Arabia. 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. Saudi Arabia payroll outsourcing: Outsourcing your payroll to an Employer of Record in Saudi Arabia, 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 Saudi Arabia 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 Saudi Arabia have different ways of managing payroll. However, most of the options you have for running payroll in Saudi Arabia are either expensive or require establishing a subsidiary in Saudi Arabia. The cheapest, most efficient, and most reliable payroll processing system in Saudi Arabia is by outsourcing payroll to Employers of Record (EOR) in Saudi Arabia. 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 Saudi Arabia. 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 Saudi Arabia. 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 Saudi Arabia.
In Saudi Arabia, employers must provide a valid reason for terminating an employee; otherwise, the company may be obliged to pay compensation established by the labor commission or to reinstate the employee.
If the termination is initiated by the employee, the employee's final earnings must be paid immediately.
Saudi Arabia does not have a minimum salary for the private sector, however as of April 2021, public sector workers must earn at least 4,000 Saudi Arabian Riyal (SAR) each month.
The standard workweek is 48 hours long and eight hours long each day. However, Muslims' working hours are reduced to 36 hours per week and six hours per day during the month of Ramadan. Female employees are not permitted to work evening shifts.
On Fridays, the employee is entitled to 24 hours of rest. A rest period of at least half an hour per day is required during the workday, provided the employee does not work more than five consecutive hours without a break. Additionally, the employee is entitled to additional breaks for prayer and lunch that are not included in the half-hour rest period.
Saudi nationals have access to free medical and hospital treatment via the state system. Supplemental health insurance is usually given as a benefit to expatriate workers.
Supplemental health insurance, vacation tickets home, school costs, retirement plans, mobile phones, housing allowances, and transit allowances are all typical perks.