Employer of Record Solomon Islands
Last updated
- Capital City
- Honiara
- Languages
- English
- Currency
- Solomon Islands Dollar (SBD)
- Population Size
- 828,857
- Employer Taxes
- 7.5%
- Employee Costs
- 5%
- Payroll Frequency
- Monthly
Expanding to Solomon Islands? EOR (Employer of Record) Services Help You Hire Globally, Pay Locally, and Expand Effortlessly
Ready for international growth? INS Global’s Employer of Record Solomon Islands streamline employee recruitment and management without local entity establishment. Experience a reliable solution for overseeing local talent and swiftly entering new markets.
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Why Choose an Employer of Record in Solomon Islands Over Company Incorporation?
Opting for Solomon Islands Employer of Record services streamlines the expansion process, enabling you to expand in less than a week.
Collaborating with a Solomon Islands Employer of Record saves time on growing your business abroad, lowers expansion costs, ensures local compliance, and allows you to focus on growing your business within the unique context of the Solomon Islands.
PEO/EOR Vs Company Incorporation
The Advantage in Figures
| PEO/EOR | Company Incorporation | |
|---|---|---|
| Price | 80% Less Expensive | |
| Market Entry | 2-5 Days | 6 Months |
| Employee Turnover | Decrease by 14% | |
| Recommendation | 98% of the Current PEO Clients | |
| Administrative Fees | Saves an Average of $450 | |
| Costly Payroll and Compliance Fines | Help Avoid | |
| Company Growth Rate | 7 – 9% | |
| ROI | 27% | |
| Closed During Pandemic | -58% | |
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The Advantages of Using an Employer of Record or Professional Employer Organization in Solomon Islands
Legal Compliance Assurance
Opt for an Employer of Record (EOR) service well-versed in Solomon Islands’ regulatory landscape for effective recruitment and supervision of an international workforce, ensuring meticulous legal compliance. This proactive approach shields against potential fines, specifically tailored to Solomon Islands regulations.
Lower Expansion Costs
Collaborate with an Employer of Record in the Solomon Islands to propel global growth and significantly reduce typical expenses associated with expansion. Scale your operations without establishing a new entity in the Solomon Islands, offering a unique advantage within the island context.
Focus on Growing Your Company
An Employer of Record in the Solomon Islands assumes all HR-related responsibilities, streamlining your operations and granting you the freedom to focus solely on the international goals of your business, aligning seamlessly with the Solomon Islands’ business environment.
Expand Effortlessly
Getting started in Solomon Islands can be time-consuming, taking anywhere from weeks to months to begin your operations. In contrast, teaming up with a Solomon Islands Employer of Record expedites the expansion process, allowing market entry in as little as a week.
Manage Your HR Online
INS Global provides an efficient means to manage your diverse, global workforce online through a state-of-the-art digital platform. Utilize our advanced cloud-based HR system to easily oversee all your employees and their needs remotely, tailored to fit the Solomon Islands’ digital landscape.
How Does an Employer of Record In the Solomon Islands Work?
INS Global’s Employer of Record in the Solomon Islands facilitates your company’s expansion abroad in just 4 simple steps tailored to the Solomon Islands’ business environment.
- 1
We collaborate with your business to create a tailored expansion plan that meets your needs but doesn’t disregard your company values.
- 2
Our organization provides the legal entity needed to hire and manage staff immediately, ensuring compliance with the Solomon Islands’ legal requirements.
- 3
We handle HR-related tasks from hiring to contract and payroll management and ensure local compliance in the Solomon Islands.
- 4
Your employees focus on your goals while we take care of HR and legal compliance needs as they evolve.
INS GUIDES
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Labor Law in Solomon Islands
Employment Contracts in Solomon Islands
- Professional employment in Solomon Islands should start with a letter of employment.
- Employers can usually include a 3-month probation period in their contracts. In some cases, this can be increased to 1 year.
- An employment contract should specify and describe the employee’s role in detail.
- An employer can end the contract early if the employee violates the conditions of their employment contract.
- Employees are entitled to 28 days’ notice if they are let go. This applies to all employees who have worked for more than 26 weeks at the company.
- Severance pay is required for employees who are being terminated and is set at a minimum of 2 weeks’ pay for every year worked.
The working week in Solomon Islands runs from Monday to Friday.
Full-time employees generally work 8 hours per day, 48 hours per week.
Employees are not allowed to work more than 40 hours per week without receiving overtime pay.
Employees are entitled to a higher hourly rate for overtime. This is usually double the standard pay per hour.
Types Of Leave
Solomon Islands has 10 official national holidays.
Employees are entitled to 15 days of paid annual leave every year.
When an employee is unable to attend work due to illness, they need to get a doctor’s note and present it to HR as soon as possible.
Employees can take sick leave, and this is dependent on the employment contract. Some companies may offer paid sick leave, but employees can still claim social security if their employer does not.
Maternity / Paternity Leave in Solomon Islands
According to Solomon Islands law, female employees are entitled to 12 weeks of maternity leave.
Maternity leave can be claimed from social security.
Male employees are not entitled to paternity leave.
Tax Laws in Solomon Islands
- Employers in Solomon Islands are responsible for withholding all taxes and social contributions.
- Employers contribute the equivalent of 7.5% of their employees’ monthly salaries to the National Provident Fund along with 5% from the employee.
- The corporate income tax rate is set at 30% for both local companies and 35% for foreign companies.
- There is no personal income tax in the Solomon Islands.
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Frequently Asked Questions
Global Employer of Record is an effective solution for companies looking to expand their workforce abroad effortlessly.
This approach allows you to outsource the international hiring process quickly and efficiently, providing access to a global talent pool while still managing payroll compliance in each country.
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