Hire your remote team in Honduras

Name: Hire a remote team in Honduras
Brand: Rivermate
SKU: honduras
Price: 499 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 499 EUR per employee per month

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Hiring a remote team in a country as Honduras 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) solution helps companies hire remote employees in Honduras. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Honduras with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Honduras, particularly if you don't have established local relationships. You can hire employees in Honduras 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.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

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

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

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 Honduras or individually hire remote employees in Honduras, Rivermate’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 Rivermate’s Employer of Record Honduras services can best help your company!

3. Hire a remote team in Honduras

Many Hondurans of working age labor in agriculture, including farming, fishing, and forestry. Food exports are one of the most important contributions to the Honduran economy. Service industries are the principal source of organized employment since manufacturing sectors are underdeveloped.

Due to a scarcity of competent employees, expatriates are able to go to Honduras in search of well-paying employment opportunities. The government is striving to close the talent gap in areas ranging from administration to IT and hospitality.

4. Cost of living in Honduras

Honduras' cost of living is $771, which is 1.21 times less costly than the global average. Honduras ranks 106th out of 197 nations in terms of cost of living and 151st in terms of quality of life.

Honduras' average after-tax wage is $535, which is enough to pay living costs for 0.7 months.s

5. Cost of renting in Honduras

Renting a home or apartment is the second-largest cost for a person in Honduras, accounting for around 18% of an individual's or household's income. The cost of renting a property is determined by its location, kind, and size. You may be able to reside in an apartment with contemporary comforts in large cities such as Tegucigalpa, the capital. However, it is usually a good idea to seek for rentals outside of the city center, particularly if you have a limited housing budget.

6. Major industries in Honduras

Honduras' strengths include high-quality port facilities and a reasonably open, trade-friendly economic climate.

To strengthen the nation's employment market, the government has undertaken a number of initiatives to promote the manufacturing and service sectors. Skill training institutions and government and private sector efforts are critical in closing the skill gap.

Food and beverage production, textiles, clothes, chemicals, timber, and paper product sectors are the key manufacturing businesses with employment prospects.

The key areas in which the Honduran government has begun to invest more heavily include tourism, fisheries and food processing, information technology, banking, and textile.

Because it employs a considerable portion of the people in Honduras, the fishing industry is one of the most important sectors in the nation. Lobster and shrimp fishing are well-established components of the nation's fishing sector.

Honduras' top IT companies hire competent people to provide services such as branding, UX design, web design, web development, social media marketing, and mobile app development.

Honduras has an average Internet speed of 18.1 Mbps. Honduras has an average download speed of 23.81 Mbps and an upload speed of 10.59 Mbps.

7. Hiring cost in Honduras

To forecast the proper cost-per-hire, you must do extensive study on the cost of living, the availability of qualified freshers or professionals, and so on. The most important aspect of an employment program is the cost-per-hire, which is determined by a variety of variables. To determine total recruiting costs, consider the following:

- Advertisement cost

- the cost of the screening process

- the cost of interview processes

- on-boarding costs

- training cost

- recruitment software cost

8. Employment laws Honduras

- Honduras' employment laws are simple and include employee-friendly rules.

- Employers must follow certain procedural standards and adhere to the legal ban on discrimination on a variety of grounds throughout the recruiting process.

- Both oral and written employment contracts are valid in Honduras. In the event of a written contract, the following information must be included:

- The contracting parties

- The date of commencement of work

- The title of the Job, along with the type of work

- Job location

- The type of contract (part-time / full-time)

- Working time

- The amount of basic salary

- The terms of payment

- Annual leave

- Duration of the notice period

- A reference to collective agreements

- The primary laws governing employment relationships in Honduras are:

- Labor Code

- Work Safety Law

- Social Security Law

- Minimum Wage Act

- Prevention of Undeclared Work and Employment Act

- Employment, Self-employment, and Work of Foreigners Act

9. Top skills Honduras

The majority of organized job options are in the service industries. There are several job opportunities available for both new graduates and seasoned experts. IT skills, English fluency, and communication skills, in addition to technical talents, are in great demand in Honduras.

Honduras' primary industries that are employing include:

- Outsourcing and staffing

- IT Support

- Energy

- Manufacturing of consumer goods

- Food Production

- Services for telecommunications

- Management

- Customer Support on the Backend

Capital Tegucigalpa is home to the headquarters of various enterprises that provide employment in a variety of sectors, including consumer services, airlines, traditional power, telecommunication, consumer goods, food items, and information technology services.

San Pedro Sula is an important city in Honduras, with several employment possibilities for the country's working-age population. There are several prospects in the city for professionals such as accountants, attorneys, physicians, bank managers, chief executive officers, orthodontists, pilots, telecallers, and so on.

Both La Ceiba and Puerto Cortés are port cities with agricultural and commercial businesses. There are several fishing, food processing, transportation, packing, labeling, and storage facilities.

La Lima and El Progreso, on the other hand, are mostly tourist destinations. The majority of occupations in these cities are in the food industry, hotel and tourist businesses, and travel agencies.

10. Economic landscape in Honduras

Due to the pandemic issue, Honduras' GDP will increase at a negative rate of roughly -8% in 2020. However, given the post-pandemic global economic rebound, the International Monetary Fund's April 2021 prediction predicts that the country's GDP growth would accelerate to 4.5% in 2021. A good trading situation with the United States, as well as remittances from foreign employees, would undoubtedly boost economic development.

11. Market size in Honduras

Honduras' labor market is insufficiently developed to provide well-paying employment to the working-age population. The majority of available employment in Honduras are for skilled workers in the service and industrial industries. Agribusiness, finance, international institutions and corporations, construction, social services, food processing, and other major sectors in Honduras provide work possibilities. The unemployment rate was 5.7% in 2020, and it is predicted to fall by 4.5% in 2021, thanks to market recovery.

12. Minimum wage in Honduras

The minimum wage in Honduras varies by industry and employee count. As of 2021, the minimum monthly wage for an agricultural employee working for a company with one to ten employees is 6,762.70 lempiras. The minimum wage rate for an employee working in manufacturing for a company of similar size is 9,068.81 lempiras. Additionally, a collective bargaining agreement (CBA) or labor union may have its own set of laws to follow.

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

Establishing an entity in Honduras to hire a team takes time, money, and effort. The labor law in Honduras has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Honduras 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 Honduras 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 Honduras via our Employer of Record (EOR) / PEO solution.