Senegal
Senegal’s economic policies invite foreign investments and business expansion in West Africa. The country’s political stability makes it an opportunity for international expansion.
Germany
GERMANY
Employer of Record
EMPLOYER OF RECORD
Employ is a trusted provider of Employer of Record (EOR) solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.
84.2 MILLION
total population in 2021
3.6 TRILLION USD
expected GDP in 2023
If you’re planning to expand your business in the European Union (EU), Germany should be on top of your list. It’s one of the wealthiest and largest countries in Europe with a current GDP of $3.6 Trillion. Germany is a haven for new ideas and inventions. It offers great agreements for international companies who produce high-quality products and services.
PUBLIC HOLIDAYS: 18
- New Year’s Day – Jan 1
- Three King’s Day – varies
- International Women’s Day – Mar 8
- Good Friday – varies
- Easter Sunday – varies
- Easter Monday – varies
- Labor Day – May 1
- Ascension Day – varies
- Whit Monday – varies
- Corpus Christi – varies
- Assumption Day – August 15
- World’s Children’s Day – Sep 20
- German Unity Day – Oct 3
- Reformation Day – Oct 31
- All Saints’ Day – Nov 1
- Repentance Day – Nov 17
- Christmas Day – Dec 25
- St. Stephen’s Day – Dec 26
SOCIAL SECURITY AND TAXATION
- Total Employer Contribution: 19.45%
- Health insurance: 7.30%
- Pension Insurance: 9.30%
- Unemployment Insurance: 1.20%
- Long-term care insurance: 1.525%
- Insolvency Charge : 0.12%
MINIMUM WAGE
9.82 Euros per hour (2022)
WORK HOURS
40 hours per week
OVERTIME RATE
normal rate as basic salary or upon the employment agreement
PROBATIONARY PERIOD
up to 6 months
ANNUAL LEAVE CREDITS
24 days (paid)
MATERNITY LEAVE
14 weeks(paid)
PATERNITY LEAVE
falls under parental leave (unpaid)
SICK LEAVE
6 weeks (paid)
BONUSES
13th-month salary is a common practice in Germany
*Info is not binding, may vary, and is provided only as an indication.
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Your Global Team Starts Here With Us
Ask our team to design a solution that works directly with your current setup.