UKG Inc., a leading provider of HR, payroll, and workforce management solutions announces entering into a definitive agreement to acquire Immedis. Read More
- Date format
- Liberian dollar (LRD)
- the standard rate is 10%
- Social Security
- Social Security - 3%
- Total Employment Cost
- Total Employment Cost - 3%
- Social Security
- Social Security - 1.75%
- Total Employee Cost
- Total Employee Cost - 1.75%
- Minimum Wage
The minimum wage in Liberia is 15 LD per hour or 5,600 LD per month.
- Payroll Cycle
- 13th Salary
There is no official 13th salary.
- Employee Income Tax (1)
- 0 - 70,000 LIB - 0%
- Employee Income Tax (2)
- 70001 - 200000 LIB - 5%
- Employee Income Tax (3)
- 200001 - 800000 LIB - 15% + 6500 LIB
- Employee Income Tax (4)
- 800001 LIB and over - 25% + 96500 LIB
- General Working Hours
48 hours per week.
The rate of compensation for overtime should not be less than one and one-quarter times the basic wage per hour.
- Paid Time Off
Workers who have been with the same employer for three years are entitled to two weeks leave (by number of working days), increasing to three weeks for four years of service. Employees in five years of service with the same employer are entitled to four weeks leave.
- Public Holidays
- Sick Days
Not provided for in the law.
- Paternity Leave
Three months paid maternity leave.
- Parental Leave
There are no statutory laws for paternal leave.
- Termination Process
An employee may be dismissed if he or she is guilty of a “gross breach of duty” or a “total lack of capability to perform”.
- Notice Period
An employer may terminate the employment contract provided he or she gives at least two weeks written notice (casual employee) or four weeks (salaried employee). Compensation in lieu of notice may be given. However, employees guilty of a gross breach of duty may be terminated without notice or severance pay.
- Severance Pay
Unless guilty of a gross breach of misconduct, employees are entitled only to severance payments equivalent to their remaining wages due. Employees may also be entitled to redundancy/severance payments in cases where the company is bankrupt, in liquidation etc.
- Probation Period
Under Liberian employment law, probationary periods may not be less than one month and cannot exceed three months.
- Employment Visa
- Single-entry visas are valid for a maximum of three months.
- Multiple-entry visas are valid for up to one or two years (or three years for United States citizens).
- Foreign employees will most likely need to obtain a multiple-entry visa.
In addition to the visa, they will need a Liberian work permit.