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If you are interested in hiring a remote team in Zimbabwe, or even just individual remote employees in Zimbabwe, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Zimbabwe payroll solutions. As a Zimbabwe payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Zimbabwe. We are confident Rivermate’s payroll solutions Zimbabwe will help you grow as a business—because now, you won’t have to worry about your payroll solutions Zimbabwe. We take care of everything payroll!
With Rivermate, you can run Zimbabwe 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 Zimbabwe 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.
The Income Tax Act of Zimbabwe serves as the framework for all employees and employers. The country employs a Pay As You Earn (PAYE) system, which requires employers to deduct taxes directly from employees' paychecks. Employees owe more based on their earnings thanks to Zimbabwe's progressive tax system.
All employees are required to contribute to the AIDS Levy, which is a percentage of their taxable income. The current rate is 3%, but this could change in the coming years. The Zimbabwe Revenue Authority (ZIMRA) should receive the AIDS Levy at the same time the employer submits the PAYE amounts withheld.
Companies that wish to expand their operations globally have four different payroll options in Zimbabwe. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Zimbabwe. 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. Zimbabwe payroll outsourcing: Outsourcing your payroll to an Employer of Record in Zimbabwe, 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 Zimbabwe 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 Zimbabwe have different ways of managing payroll. However, most of the options you have for running payroll in Zimbabwe are either expensive or require establishing a subsidiary in Zimbabwe. The cheapest, most efficient, and most reliable payroll processing system in Zimbabwe is by outsourcing payroll to Employers of Record (EOR) in Zimbabwe. 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 Zimbabwe. 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 Zimbabwe. 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 Zimbabwe.
Both the employer and the employee have the right to cancel an employment contract with notice. The notice period is between one and three months, depending on the duration of employment of the employee. Collective or redundancy dismissals are subject to special rules.
Employers may be obligated to pay severance to employees terminated due to redundancy under the terms of a collective bargaining agreement. Severance pay is typically one month's compensation for every two years of employment.
Zimbabwe does not have a minimum wage policy.
In most cases, work hours and overtime are determined by the collective bargaining agreement. Employees typically work 8.5 hours per day and 44 hours per week.
Zimbabwe provides free healthcare to all citizens. There are various private providers and facilities as well. Some businesses provide private health insurance to their workers.
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.