Hire your remote team in Gambia

Only 499 EUR per employee per month

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Hiring a remote team in a country as Gambia comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR)Ā solution helps companies hire remote employees in Gambia. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Gambia with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Gambia, particularly if you don't have established local relationships. You can hire employees in Gambia effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Gambia.

As an employer of record, we help you hire employees and run payroll services in Gambia, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Gambia.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Gambia or individually hire remote employees in Gambia, Rivermateā€™s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermateā€™s Employer of Record Gambia services can best help your company!

3. Hire a remote team in Gambia

The Gambia ranks 104th in terms of economic freedom in the 2021 Index, with a score of 58.8. The country ranks lower than the global average but better than the regional average. The Gambia's GDP is expected to contract by 1.8% this year as a result of the worldwide epidemic.

Trade and business freedom ratings have risen dramatically, but labor, investment, and financial freedom scores have plateaued. However, the ratings for monetary freedom and government expenditure have fallen. According to 2020 figures, the labor rate in the Gambia between the ages of 15 and 65 was 60.83%. According to statistics, the jobless rate will reach 9.50% by the end of 2020. The economy is dominated by farming, fishing, and tourism. The low economic levies and simple administrative processes in the nation entice export enterprises. As a result, export is one of the most important trades. The Gambia has a 60% superior skill gap, making inexpensive labor readily accessible.

4. Cost of living in Gambia

The Gambia's cost of living is $425, which is 2.2 times less costly than the global average. The Gambia was placed 188th out of 197 nations in terms of cost of living, and the 183rd best place to live.

In the Gambia, the average after-tax wage is $71.2, which is enough to meet living costs for 0.2 months.

Why does living in the Gambia cost six times the average salary? Because we have a reference point of a developed nation lifestyle, and sustaining such a quality of living in certain least developed countries is difficult and costly. As a result, living expenses in the Gambia range dramatically between natives and foreigners.

5. Cost of renting in Gambia

Before relocating or establishing a business in another nation, we must evaluate the typical cost of living. The higher the expense of living, the higher the wage and provision for housing (if any). The cost of living gives an average notion of a person's expenditure. These expenditures include food, housing, transportation, education, clothes, childcare, and other items. Another thing to consider is that the retail price of a product may differ from one location to the next. The table below provides an estimate of the average cost of living in the Gambia. The table shows the monthly cost in US dollars.

6. Major industries in Gambia

The Gambia's industrial, construction, mining, and electricity industries are severely underdeveloped.

The agricultural, industrial, and processing sectors account for 20% of GDP.

The opening of the Trans-Gambia bridge, as well as the Commerce and Transit Corporation Agreement between the Gambia and Senegal, aided in increasing trade and turnover.

The Gambia has had a steady economy since its independence. Revenue and tax performance improved significantly. In 2018-19, public debt declined from 86.7% of GDP to 82.5%.

The average employment rate in the nation is deemed normal. As a result, labor in the Gambia is cheap and plentiful.

The Gambia has one of the worst internet speeds in the world. The upload speed is 5.76 Mbps, while the download speed is 9.81 Mbps on average.

Living Expenses

7. Hiring cost in Gambia

Before a corporation enters a nation and opens a branch, it must assess the major expenses connected with each hiring. Some businesses have an in-house human resources department, while others outsource these services. In the long term, an in-house HR department is costly. According to an MIT Sloan research, the typical firm loses between 1% and 2.5% of its overall income.

Furthermore, the Gambia's average cost of living is USD 536. These prices differ from one nation to the next. However, the listed charges are needless and add up quickly. Most nations now outsource their human resource services to save money.

8. Employment laws Gambia

Employee contracts lasting six months or more must be in writing.

Only written employment contracts are valid for non-Gambian workers.

Employees must submit a medical examination at least one month before their start date.

Employees must have a residence permit as well as an identity card. The card must be renewed every year.

Annual leave should be compensated at the employee's full usual compensation.

When a public holiday and an annual leave collide, the employee must be paid for an extra day.

Work-hour limitations, relaxation breaks, and work schedules are not addressed by employment legislation.

The nation gives free healthcare to all citizens.

9. Top skills Gambia

Based on historical statistics and patterns, it is clear that Gambia's market has remained steady since its independence. The present epidemic has had an impact on its economy, but the expected GDP growth is encouraging. The Gambia is a developing nation with few resources. Unemployment is at an all-time high and may rise further. The Gambia needs to welcome additional industries, according to the present market condition and trends. The availability of talent is a significant attraction for corporations looking to invest in the Gambia.

Brikama is the hub of agricultural commerce in Gambia, and it employs the majority of the country's work force. Brikama also has agricultural research institutions and is the center of most agricultural commerce.

Banjul, the Gambia's capital, is an Atlantic port and commercial transit hub. The majority of Gambia's vocational schools are concentrated in the capital city. The city is preferred by most enterprises due to its proximity to natural resources and skilled labor. Industries provide 12% of the country's GDP and are a key employment.

10. Economic landscape in Gambia

According to the most recent figures and market forecasts, the Gambia's GDP would allegedly reach 2.08 and 2.26 billion USD by the end of 2021 and 2022, respectively. According to the IMF's April 2021 prediction, GDP would expand by 6% in 2021 and 6.5% in 2022. The COVID epidemic has had a significant impact on the Gambia's economy, with analysts predicting a 20% drop in income. The government anticipates its GDP to fall from 6% to 2% as a result of the pandemic.

11. Market size in Gambia

The Gambia provides tax breaks, easy and fast processes, and lucrative opportunities to the tourist and export industries. The country's landlocked status makes this difficult. The present president strives and works tirelessly to attract additional international investment. The emphasis is on the agri-food and tourist industries, which the government has designated as "priority sectors." To generate additional income, the government must enhance power, credit, simplify the tax system, and safeguard minority investors. To improve their training, the government has established a number of vocational institutions. As a matter of urgency, the government must take the necessary steps to close the skill gap.

12. Minimum wage in Gambia

The minimum wage in The Gambia is 50 dalasi per day, or $1.25. The minimum wage was last changed in 2015, so the employer should keep an eye out for any changes in the coming years. If the employees are members of a trade union or a collective bargaining agreement, the Gambia compensation laws may change (CBA).

13.Why choose Rivermate to hire your remote team in Gambia?

Establishing an entity in Gambia to hire a team takes time, money, and effort. The labor law in Gambia has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Gambia simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Gambia give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Gambia via our Employer of Record (EOR) / PEO solution.

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