Hire your remote team in Zimbabwe

Only 299 EUR per employee per month

Hiring a remote team in a country as Zimbabwe 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 Zimbabwe. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Zimbabwe with Rivermate

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

2. Introduction

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

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

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

3. Hire a remote team in Zimbabwe

Zimbabwe, which has adhered to the mixed economy principle since time immemorial, remains the epicenter of political obstacles and minimal private freedom. Zimbabwe, as a member of COMESA and SADC, adheres to the tradition of establishing tertiary industries for the all-inclusive improvement of the country's standards. This deep-rooted aspect has resulted in a large portion of the country being controlled by government policies. The country's most recent economic report highlights the draining progress on human capital development caused by the COVID-19 pandemic. Negative coping strategy inflation has hampered Zimbabwe's financial growth and momentum. However, once the constitutional constraints are lifted, there is a significant ray of hope for improving the socioeconomic scenario.

Zimbabwe's economy grew by 12% on average between 2009 and 2013, making it one of the world's fastest-growing economies. There is a scarcity of well-paying jobs, but a large portion of the population has the potential to discover new areas of national and regional business. As a result, working and living in a country that is still developing slowly is a difficult task.

4. Cost of living in Zimbabwe

Zimbabwe's cost of living is $831, which is 1.12 times less expensive than the global average. Zimbabwe ranked 96th out of 197 countries in terms of cost of living, and 135th in terms of quality of life.

In Zimbabwe, the average after-tax salary is $287, which is enough to cover living expenses for 0.3 months.

Why does living in Zimbabwe cost 2.9 times the average salary? Because we have a reference point of a developed country lifestyle, and maintaining such a standard of living in some least developed countries is difficult and expensive. As a result, the costs of living in Zimbabwe for locals and expats differ significantly.

5. Cost of renting in Zimbabwe

The costs of living in any location vary greatly depending on the requirements and amenities desired. Zimbabwe has some of the world's cheapest living arrangements and rents.

6. Major industries in Zimbabwe

A large portion of the country is based on the industrial sector, which accounts for approximately 25.1% of total GDP of USD 16.29 billion.

Agriculture and mining contribute significantly to export. Agriculture also plays an important role, accounting for approximately 20.3% of total GDP.

The country is rich in metallurgical grade coal, copper, nickel, gold, platinum, and iron ore reserves.

Mining produces export materials such as coal, gold, platinum, copper, nickel, tin, diamonds, clay, and steel, as well as materials for overseas trade such as wood products, cement, and so on.

According to statistical data on gold production, Zimbabwe produces 59,776 pounds of gold per year.

In 2014, the Marange field produced an estimated 12 million carats of diamonds worth more than USD 350 million.

Commercial farming, which involves growing cash crops such as cotton, coffee, fruits, peanuts, and tobacco, is a common source of living and income.

Small-scale farmers primarily cultivate wheat and maize for subsistence purposes.

Agriculture, mining, energy, infrastructure, healthcare, and tourism all present opportunities to investigate.

According to the above figures, international firms frequently consider partnering with this country's market of over 14 million people.

Another important source of industrial income for the people is trade in the form of services and tariffs.

According to Zimbabwe Tourism Authority (ZTA) statistics, tourist arrivals in Zimbabwe fell by 11% in 2019. Following the Covid-19 pandemic, the situation deteriorated, resulting in the suspension of international travel.

Telecommunications and Internet Access

ISP licensing is overseen by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ). Licenses cost an average of USD 2-4 million, depending on the level of service desired by the ISP. Liquid Telecom, a subsidiary of Econet Wireless, is widely regarded as Zimbabwe's leading internet service provider. They currently hold the record.

7. Hiring cost in Zimbabwe

Hiring costs vary according to currency value, demographic location, potential employee qualification, local laws, and the nature of the job. Each job is unique, as is the cost.

8. Employment laws Zimbabwe

Zimbabwe has its own Labor Ministry. In 2015, the Labor Act of 1985 was amended. Violating the law is a punishable offense that can result in imprisonment. In the case of employability, some rules are company-specific.

Following the amendment in the 2015 act, four points of focus are as follows:

- (a) termination in terms of employment should follow the model code made under section 101(9)

- (b) the employer and employee mutually agree in writing to the termination of the contract

- (c) the employee was engaged for a fixed period or some performance of some specific service

- (d) section 12C for any under retrenchment

Aside from this condition, employers cannot fire an employee on notice.

9. Top skills Zimbabwe

Fair work-life balance, working days ranging from eight to ten hours, and a monthly minimum wage of around USD 133 are typical job standards in Zimbabwe. A sales manager in Zimbabwe can expect to earn around USD 1,500 per month, while a teacher can earn around USD 1,000. Experienced workers in the hospitality and healthcare industries earn around USD 1,000 per month. Other occupations primarily involve utilizing resources and demonstrating expertise in industries such as metallurgy, tourism, healthcare, engineering, and education.

10. Economic landscape in Zimbabwe

- Tertiary industries dominate Zimbabwe's economy.

- The unemployment rate is 4.99%.

- Tariffs and taxes are high.

- State regulation is expensive for business owners.

- It takes time and money to start or close a business.

- Regulations imposed on the labor market have made hiring and firing employees a time-consuming process.

- Low output, a trade deficit, insignificant foreign direct investment, and a lack of access to international finance have all contributed to the economy's decline.

- Zimbabwe's total public debt is USD 11.1 billion (53.9% of GDP), with external debt accounting for 95.6%.

11. Market size in Zimbabwe

- Zimbabwe's top three trading partners are South Africa, Singapore, and the United Arab Emirates.

- Exports like precious stones and metals, tobacco, and ores find a surplus market in the country.

- South Africa, the UAE, Mozambique, Belgium, and Zambia all have thriving export businesses with Zimbabwe.

- Singapore, China, India, and Mauritius are among the top importers of Zimbabwean goods.

- Agriculture, mining, and services account for the majority of Zimbabwe's GDP of around USD 20 billion. The manufacturing sector's contribution to GDP has fallen from 25% to 19% as a result of several factors, including currency shortages and a weak economic environment.

- The country exports a lot of gold, platinum, chrome, tobacco, and cotton. The government enacted policies that restricted goods imports, resulting in a decline in the current import sector.

12. Minimum wage in Zimbabwe

Zimbabwe does not have a minimum wage policy.

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

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

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