Hire your remote team in Malawi

Name: Hire a remote team in Malawi
Brand: Rivermate
SKU: malawi
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 Malawi 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 Malawi. 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 Malawi with Rivermate

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

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

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

3. Hire a remote team in Malawi

Madagascar's labor market is too small to accommodate all of the country's job seekers. Many young individuals wish to work but lack the opportunity. Youth must be highly educated in order to find career opportunities overseas that match their skill sets and interests.

4. Cost of living in Malawi

Malawi's cost of living is $553, which is 1.69 times less costly than the global average. Malawi was placed 156th out of 197 nations in terms of cost of living and the 156th best place to live.

Malawi's average after-tax earnings is $576, which is adequate to meet living costs for one month.

Why is it so costly to live in Malawi? 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 Malawi for natives and foreigners varies dramatically.

5. Cost of renting in Malawi

The cost of renting a house varies greatly based on its location, kind, and size, among other factors. A one-bedroom apartment in Malawi costs about $300-400 per month on average. Living alone is more costly than living in a group. Malawi's two largest cities, Lilongwe and Blantyre, have relatively expensive home rents.

6. Major industries in Malawi

Tourism, retail, transportation, education, health care, telecommunications, and the financial industry are among the noteworthy areas that provide formal job possibilities to Malawi's working-age population.

Malawi's government has announced new measures to reform the public sector in order to stimulate the economy and generate employment via entrepreneurial growth.

Due to a lack of well-developed infrastructure and competent people to operate machines, manufacturing employment accounts for just 4.1% of total employment.

The administration is also focusing on rapid employment growth in the formal sector. Policy improvements targeting the establishment of adequate work opportunities are being implemented.

The government is aiming to enhance the industrial and agricultural sectors in order to increase the collective contribution to GDP and offer employment opportunities for qualified employees.

Malawi has begun to invest more heavily in key areas such as food processing, transportation and storage, building, information technology and communication, mining, and so on.

Malawi's average Internet speed is 13.47 Mbps. Malawi has an average download speed of 18.08 Mbps and an upload speed of 17.65 Mbps.

7. Hiring cost in Malawi

Hiring costs are an important aspect to consider when hiring new employees. To determine the cost-per-hire in a city, many elements must be considered, including the cost of living in the city and total spending in the city. When you try to recruit someone in a certain city, various factors influence the cost of hiring, including:

- Advertisement cost

- The cost of hiring processes (taking interviews, conducting screening process, etc.)

- Onboarding costs

- Training cost

- Opportunity costs

8. Employment laws Malawi

- The labor code of Malawi is established on several acts and legislation, including:

- The Labor Relations Act, 1996

- Occupational Safety, Health, and Welfare Act, 1997

- The Employment Act

- Workers Compensation Act

- Apart from the laws mentioned above, other employment law sources include some other norms —regulations and administrative instructions.

- Malawi's employment act covers the fundamental principles of a good employer-employee relationship, including:

- Prohibition against forced labor

- Anti-discrimination

- Equal pay

- Remedies for infringement of fundamental rights

- Prohibition against child labor

- The regulations that apply are very simple, however, the authorities have substantial power.

- The Local legislation (state-wise) has a significant impact on the existing employment relationships.

- In Malawi, a written work contract is mandatory for a formal job, and that must contain the following information:

- Details of the employer and employee

- The date of commencement of work

- Details about the probationary period

- Job title and the type of work

- Job location

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

- Working hours and weekly leave

- The amount of basic salary

- The terms of payment

- Annual leave

- Duration of the notice period

- A reference to collective agreements

9. Top skills Malawi

Malawi's labor market is dynamic. For industrious and motivated newcomers, big cities provide a plethora of official and informal career options. Depending on the leading sectors in a city, various cities offer different forms of skill-based job opportunities.

Major industries hiring the most in Malawi include:

- Consumer goods

- Banking and Finance

- Sales

- Tourism

- Food Processing

- Information technology & communication

- Transport

The government and public institutions dominate the employment market in Lilongwe, Malawi's capital. However, there are other businesses that provide opportunities to both new and seasoned individuals. The following major industries provide work opportunities:

- Food processing

- Tobacco manufacturing and storage

- Finance and banking

- Sales

- Retail trade

- Construction

- Transport

- Tourism

Blantyre is Malawi's industrial and commercial capital. There are several formal job possibilities in the city's primary, secondary, and tertiary industrial sub-sectors. Banks, financial services, consumer services, telecommunications, delivery services, broadcasting and entertainment, and utilities are among the major businesses that provide work opportunities.

Mzuzu's commercial center provides a variety of career opportunities in food processing sectors like coffee, wood, fruit, milk, and honey manufacturing. Manufacturing plants, such as those producing pharmaceuticals, cosmetics, and wood, may also find work in the city. Manufacturing firms may have an efficient staff since the city has a highly trained labor force. Several small to medium-sized firms give employment prospects in telecommunications, internet cafés, and multifunctional shops.

Zomba has work prospects in a variety of agribusinesses, wood processing, food processing plants, textile manufacturing, and tourism-related sectors.

10. Economic landscape in Malawi

Malawi's economy stagnated in 2020 as a result of the worldwide breakout of the COVID-19 pandemic. According to the IMF's April report, GDP growth in 2020 will be 0.6%. Malawi's economy proven to be resilient in comparison to other nations due to the agriculture sector's major importance. With the post-pandemic global economic recovery, GDP growth will accelerate to 2.2% in 2021 and 6.5% in 2022, according to the IMF's April 2021 prediction.

11. Market size in Malawi

There seems to be a scarcity of official career options. Several policies and initiatives have been implemented to increase work prospects in the public and private sectors, as well as via entrepreneurship. Professional training through training institutions, on the other hand, is critical in solving the talent gap in manufacturing businesses.

12. Minimum wage in Malawi

Malawi's minimum wage is 35,000 MWK per month or roughly 1,346 MWK per day.

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

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