Hire your remote team in Madagascar

Name: Hire a remote team in Madagascar
Brand: Rivermate
SKU: madagascar
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 Madagascar 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 Madagascar. 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 Madagascar with Rivermate

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

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

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 Madagascar or individually hire remote employees in Madagascar, 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 Madagascar services can best help your company!

3. Hire a remote team in Madagascar

Madagascar is the world's second-largest island nation, behind Indonesia. It is the world's 42nd biggest nation, with several work prospects. The nation is not as wealthy as many other countries throughout the world, with 69% of the population living below the poverty level. According to a 2020 poll, Madagascar's unemployment rate is at 1.98%.

The country's work force is 9.5 million people. The low unemployment rate might be attributed to the fact that the majority of individuals in the nation are seeking for part-time work and are already active in family businesses or agriculture. As Madagascar's economy grows, it is becoming more difficult to find work.

4. Cost of living in Madagascar

Madagascar's cost of living is $628, which is 1.49 times less costly than the global average. Madagascar ranks 136th out of 197 nations in terms of cost of living and 126th in terms of quality of life.

In Madagascar, the average after-tax earnings is $167, which is enough to meet living costs for 0.3 months.

Why does living in Madagascar cost 3.8 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 prices of living in Madagascar for natives and foreigners varies dramatically.

5. Cost of renting in Madagascar

The cost of living is determined by a variety of elements prevalent in the country. It is determined by the economy, people's spending patterns, income, growth, and so on. The cost of living in Madagascar is lower than in other nations.

The cost of renting in Madagascar is USD 533, which is much lower than in most other nations. Rent and other expenditures are relatively inexpensive due to the country's rising economy.

The cost of living in Madagascar varies according on location.

The top cities in Madagascar have somewhat higher living costs than the rest of the nation. Antananarivo, Antsirabe, Toamasina, and Toliara are the country's largest cities.

6. Major industries in Madagascar

The Madagascar government is doing everything possible to extend its market size via ties and collaborations with both established and developing nations. This is one of the primary factors behind the country's GDP growth.

Tourism, infrastructure, and information technology are the primary investment industries. The government recognizes the significance of these industries and is doing all it can to promote them.

By 2022, the government hopes to have created one million employment throughout the nation. This would drastically lower the unemployment gap by providing more possibilities for the country's young to pursue their careers.

The government is doing all it can to raise GDP, particularly in the industrial sector.

Madagascar's internet speed is 24.9 Mbps, making it one of the fastest on the continent, even beating wealthier nations such as the United Kingdom and Canada.

The country's administration is eager for international investment and partnership.

7. Hiring cost in Madagascar

The cost of hiring varies from city to city in Madagascar. But, in comparison to other large nations, there isn't much of a difference. The hiring cost is determined by factors such as people's cost of living, the country's economy, available talent, and so on. When hiring in Madagascar, the following criteria must be addressed.

8. Employment laws Madagascar

Companies hire in Madagascar to develop their firm into overseas markets and to seek and exploit superior skills. Madagascar has several labor rules that must be followed and understood.

Hiring in Madagascar is governed by the country's labor regulations, and any firm that employs in Madagascar must abide by them.

An agreement is established between the employer and the employee on the terms and conditions of employment.

With all breaks and time off, the maximum number of hours to work in a day is eight.

Furthermore, the rules are straightforward and consistent across the board. The authorities have the authority and authority to make changes as and when they see fit.

The government has implemented a friendly system in which the employer and employee work together to improve things.

Aside from these regulations, other nations' laws defend workers' rights and ensure that people have the right to freedom and protection. The administration is committed to making the environment a better place for everyone. A staffing firm can assist you in avoiding all of these stumbling blocks and providing you with the greatest employees.

9. Top skills Madagascar

Madagascar has a rapidly expanding work sector, with young people constantly learning new skills and seeking for new possibilities. The employment market is likely to expand as more enterprises express interest in recruiting in Madagascar. It is clear that the nation has a wealth of talent that is underutilized.

Antananarivo - Antananarivo is one of Madagascar's greatest and most developed cities. Tourism, export, information technology, medicine, and other industries are among the most promising in the city.

Antsirabe - Antsirabe is also a rising city in Madagascar, with a wealth of talent. Opportunities exist in tourism, transportation, communications, media, and other fields.

Toamasina is Madagascar's third most well-known city. Media, sales, marketing, information technology, communications, and other fields are available in the city.

Toliara - Opportunities abound in Toliara, including hotels, clothes, fashion, information technology, and tourism. There are several untapped prospects in the city.

Mahajanga - The city provides chances in areas like as communication, online commerce, manufacturing, information technology, and so on.

Taolagnaro - The city offers several chances in fields like as IT, tourism, marketing, media, agricultural, digital marketing, and so on.

Antsiranana - The city offers prospects in IT, medical, manufacturing, sales, and export, among other things.

The country's prospects are many and expanding quickly. The government is making every effort to attract additional businesses in order to close the job deficit and stimulate the economy. Tourism is the most significant business in the country, and with the arrival of many multinational corporations and tie-ups, there is a good probability that the country's unemployment rate will alter.

There have been numerous recent initiatives in digitization, and greater emphasis is being placed on making the nation technologically ready to meet changing expectations and requirements, as well as providing possibilities for youngsters to flourish and show themselves.

10. Economic landscape in Madagascar

Because of the efforts of public employees and the country's labor forces, the economy's growth rate is 4.1%. Agriculture is the most important contributor to economic development, followed by tourism, industry, and so on. Tourism is the country's principal source of income, and many visitors visit each year.

11. Market size in Madagascar

Madagascar's market is too tiny to accommodate all of the country's employment searchers. Many young people want to work but do not have the chance. Youth must be well trained in order to discover abroad work possibilities that fit their skill sets and interests.

12. Minimum wage in Madagascar

The minimum wage in Madagascar is 168,019 Malagasy ariary per month for non-agricultural workers and 170,442 Malagasy ariary per month for agricultural employees, according to compensation laws.

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

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