Hire your remote team in Laos

Name: Hire a remote team in Laos
Brand: Rivermate
SKU: laos
Price: 399 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 399 EUR per employee per month

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Hiring a remote team in a country as Laos 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 Laos. 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 Laos with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Laos, particularly if you don't have established local relationships. You can hire employees in Laos 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 Lao People's Democratic Republic.

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

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 Lao People's Democratic Republic or individually hire remote employees in Lao People's Democratic Republic, 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 Lao People's Democratic Republic services can best help your company!

3. Hire a remote team in Laos

Laos is the only landlocked nation in Southeast Asia. It lies in the centre of the Indochina peninsula. Laos' economy was doing well until the Covid-19 outbreak hit. The economic growth, which had peaked (thanks to tourism) in 2019 by expanding by almost 14%, fell by 3.5%. Nearly 63,000 individuals were out of work, causing the unemployment rate to rise by 20%.

In 2020, the agricultural industry employed more than 60% of the workforce, the industrial sector employed 12%, and the service sector employed around 26%. However, there are employment options in the nation. Although still devastated by the epidemic, tourism contributes significantly to the country's GDP as one of its key sectors.

4. Cost of living in Laos

Laos's cost of living is $894, which is 1.04 times less costly than the global average. Laos was placed 79th out of 197 nations in terms of cost of living and 168th in terms of quality of life.

In Laos, the average after-tax earnings is $311, which is adequate to meet living costs for 0.3 months.

Why does living in Laos cost 2.9 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, the expenses of living in Laos for natives and foreigners range dramatically.

5. Cost of renting in Laos

The cost of living varies from person to person depending on his or her position. The form of transportation selected by the individual to go about, the taxes to be paid, energy and gas bills, insurance, and, in certain situations, childcare are the key elements that determine the cost of living. All of these are regarded as fundamental conditions that must be met.

The average cost of renting a single or shared flat in the city is determined by the unit's location. An apartment in a high-priced location might cost up to $3000 per month for 900 square feet, but an apartment of the same size in a low-priced area would cost $1200 per month. However, sharing an apartment might result in lower prices.

6. Major industries in Laos

The agriculture sector generates the majority of GDP in an underdeveloped nation. It accounts for around 51% of overall GDP and employs approximately 80% of the entire working class.

Despite employing just 3.3% of the working class, the manufacturing sector contributes 22% of GDP. The service sector is also responsible for a 27% contribution, accounting for around 10.3% of the working class.

Because agriculture contributes significantly to GDP, the government is establishing light industries to make world-renowned textiles and clothing (made of cotton and silk).

Tourism and banking are two key components being developed in Laos' service economy, which will increase export revenues.

Laos ranked third among ASEAN nations in terms of mobile internet speed in May 2020. The average download speed is 30.33 Mbps, with a 15.06 Mbps upload speed.

7. Hiring cost in Laos

The hiring cost is an important factor in a person's recruiting process since it must cover all of their essential needs as well as some extra money to save or utilize anyway they see fit. The cost may range from city to city depending on the cost of living and an individual's total expenses.

Several factors can affect the hiring cost for any job role:

- Internal recruitment expenditures include interview expenses, employee referral bonuses, recruiter salaries, and any other physical structures.

- External recruitment expenditures include travel, advertising, technology, signing bonuses, agency fees, and so forth.

8. Employment laws Laos

An company must give adequate training to its workers in order for them to improve skills and knowledge. Furthermore, the employer must guarantee that the working environment is safe and that water and other essentials are available.

The working hours are six days a week and no more than eight hours in one day, for a total of 48 hours a week.

The company's internal policies must not be in contradiction with government labor laws.

The employer should not require the employee to perform more than 45 hours of overtime each month. Also, it should not last more than four days unless a natural calamity occurs.

The employee should be granted 15 days of paid yearly leave and 30 days of medical leave with a medical certificate.

Employees who are pregnant or have a kid under the age of a year are not permitted to lift big weights or stand for extended periods of time. If necessary, she should be allocated less stressful job but should be paid the regular rate.

Employers may terminate an employee's contract if the firm has to reduce employees for any reason, such as if the employee fails to demonstrate the abilities necessary for the position or is unable to work.

9. Top skills Laos

The top opportunities in Laos for the working class are the following:

1. Translator

2. People Manager

3. Consultant

4. Bank Managers

5. Chief Executive officer

6. Doctor or Surgeon

7. Regional Manager

8. Risk and Fraud Agent

9. Textile Industry

Laos is a tiny and developing nation, which means they are more dependable in the service and agricultural sectors. Although persons in the working class are proficient in the industrial sector, their proportion in comparison to the rest is low.

These are the main industries present in Laos:

- Tourism

- Garments

- Rubber

- Copper

- Cement

- Electric Power

- Timber

Each city has unique work requirements based on the demands of the community. Agriculture-related occupations are available in a more suited city, but information-technology-related opportunities are available in another.

10. Economic landscape in Laos

Laos's economic growth is expected to improve to about 4.9% in 2021. Earlier in 2020, the country's economic growth had fallen to 0.4%, the lowest level in the previous three decades. The comeback is predicted as a result of the prime minister's March pledges to reduce public debt, improve exports, and generate more employment opportunities.

11. Market size in Laos

Information on the market size of Laos is currently unavailable.

12. Minimum wage in Laos

Monthly minimum wage is currently 1,100,000 Lao Kip (LAK). This is, however, subject to change at any time. Additionally, the state may establish minimum wages for specific occupations.

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

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