Hire your remote team in Saudi Arabia

Name: Hire a remote team in Saudi Arabia
Brand: Rivermate
SKU: saudi-arabia
Price: 499 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 499 EUR per employee per month

We currently do not offer any services in this country.
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Hiring a remote team in a country as Saudi Arabia 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 Saudi Arabia. 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 Saudi Arabia with Rivermate

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

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

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

3. Hire a remote team in Saudi Arabia

Saudi Arabia is a developing Middle Eastern country in the Western Asian region. It has a population of nearly 34.08 million people, but its unemployment rate is as low as 8.50%, with a 0.1% decrease last year. The Kingdom of Saudi Arabia implemented an outstanding strategy to combat the COVID-19 pandemic. The country dealt with the pandemic methodically and was ranked among the top 20 countries in the world for dealing with a potential disaster. Aside from that, the female labor-force participation rate increased from 68 to 78 percent between 2018 and 2020. The overall perspective of the people in this country has shifted dramatically.

Apart from that, Saudi Arabia is home to Islam's two holiest cities, Mecca and Medina. Hundreds of thousands of devotees flock to these cities to perform the holy pilgrimage, generating significant revenue for the Saudi economy. People from India, Pakistan, and Bangladesh frequently visit the country in search of employment opportunities. This country has a luxurious lifestyle, beautiful desert landscapes, and so on. It is a developing Middle Eastern country with numerous opportunities for those who seek them.

The economic sector in Saudi Arabia is dominated by oil exports to a variety of countries. The country is ranked 19th in terms of GDP (2021) and 71st in terms of overall prosperity. Around 6 million foreign workers contribute to the country's brisk economic growth. Because the petroleum industry dominates the country, it is regarded as an energy superpower and a member of OPEC. This is one reason why the economy's cash flow did not slow until the pandemic situation occurred, but the authorities were able to recover and bring the country back to its feet quickly. ‍

4. Cost of living in Saudi Arabia

Saudi Arabia's cost of living is $1020, which is 1.09 times higher than the global average. Saudi Arabia ranked 58th out of 197 countries in terms of cost of living and 38th in terms of quality of life.

In Saudi Arabia, the average after-tax salary is $1862, which is enough to cover living expenses for 1.8 months.

5. Cost of renting in Saudi Arabia

A single individual's living cost is US $650 (2,450 SAR), making it one of the cheapest places to live despite having a very strong economy. The country offers an affordable place to live and is a popular choice for many Indians, Pakistanis, and Bangladeshis.

Renting and living costs in Saudi Arabia vary according to city, lifestyle, and location. According to Nuembo data, an individual must spend approximately USD $650 (2,450 SAR) on average, and the rent of a one-bedroom apartment in a city can be approximately US $350. (1,312 SAR).

Dammam, Ta'if, Tabuk, Jiddah, Mecca, and Medina are among the first-tier cities.

Abha, Al-Bukharriya, and Khamis Mushait are among the Tier 2 upcoming cities.

6. Major industries in Saudi Arabia

Saudi Arabia controls roughly one-quarter of the world's oil reserves. This is one of the reasons why petroleum extraction is less expensive in Saudi Arabia, where it accounts for approximately 87% of Saudi revenue and 42% of GDP.

Around 7.4 million foreign workers are legal immigrants in the country and contribute significantly to the Saudi economy. In the private sector, 90% of employees are foreigners, indicating that there is plenty of opportunity for expats.

The country also has a small agricultural sector and some mining activity. Furthermore, the country produces the most dates, which contributes to the revenue generated by exports.

Hajj pilgrimage also generates temporary job opportunities and generates approximately $2-3 billion in revenue.

7. Hiring cost in Saudi Arabia

The hiring cost is the most important factor in employee recruitment. Before allowing an employee to join a company, several factors must be considered, including:

- Onboarding process

- Training costs

- Interview cost

- Hiring process

- Time invested

8. Employment laws Saudi Arabia

The labor market in Saudi Arabia is governed by various laws and regulations enacted by the government. The Saudi Labor Law includes provisions for a variety of issues, including:

- Minimum and maximum work hours.

- Minimum salaries and wages.

- Leaves and holidays.

- Work contracts and training contracts.

- Termination of employment

9. Top skills Saudi Arabia

Saudi Arabia has a free economy with plenty of job opportunities for skilled professionals. With the increasing demand and requirement for new world skills, those individuals who can efficiently perform the task at hand have a better chance of finding work in this country. The Kingdom of Saudi Arabia has a lot to offer, from technicians to drivers to engineers to managers.

- Petroleum engineers

- Surgeon

- IT industry

- Project Management

- Creative designing

- College Professors

- Orthodontists

If you are an employer and are interested to hire in Saudi Arabia, these are the facts about remote jobs in Saudi Arabia:

- Mecca: The annual salary of an employee in Mecca is approximately US $4,250. IT managers, professors, health care workers, and technicians are popular professions in the city.

- Medina: The average annual salary in Medina is approximately US $6,350. Doctors, market researchers, engineers, and technicians are popular occupations in this city.

- Riyadh: The average annual salary in Riyadh is $30,000 USD. Petroleum engineers, IT managers, surgeons, and multinational company employees are among the most popular jobs available in this city.

10. Economic landscape in Saudi Arabia

According to reports, the Saudi Arabian economy will recover and experience positive growth once the COVID-19 pandemic restrictions are lifted completely. Between 2012 and 2024, the overall GDP output is expected to increase by 2.3%. With rising oil prices and a growing global economy, the Saudi Kingdom's economy is expected to grow dramatically.

11. Market size in Saudi Arabia

Saudi Arabia has one of the world's top 20 economies and the largest in the Middle East. The country is also a member of the G20. According to Saudi Arabia's 2014 surplus budget, oil and non-oil revenues accounted for $10 billion in profit.

12. Minimum wage in Saudi Arabia

Saudi Arabia does not have a minimum salary for the private sector, however as of April 2021, public sector workers must earn at least 4,000 Saudi Arabian Riyal (SAR) each month.

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

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