Are you having challenges to hire and manage employees in Sri Lanka?
Tap onto a wider talent pool in Sri Lanka to fast track your business expansion.
This is a common struggle for many high growth companies due to the language barriers, cultural differences and the complex, ever-changing employment laws. Look no further than our employer of record solution.
We provide a comprehensive employment solution, so you can focus on your core business while we take care of the rest.
Why Choose Our Employer of Record Solution?
1. Compliance with local employment laws
2. Reduced hiring time and cost
3. Minimized legal and financial risks
4. Dedicated HR support and expertise
5. Seamless onboarding and payroll management
6. Access to a wider talent pool
How Our Employer of Record Solution Works?
Our process is simple and efficient. First, we hire the employee on your behalf and become their official employer.
Then, we manage all legal and administrative tasks, including payroll, taxes, benefits, and compliance.
Finally, we work closely with you to ensure a smooth and successful
onboarding process.
Why Choose Us as Your Employer of Record?
1. Price transparency
Our solution offers complete transparency in pricing, so you know exactly what you’re paying for and can manage your workforce costs more effectively.
2. Compliance
Our all-in-one compliance management system simplifies HR processes across jurisdictions, freeing up your time to focus on growing your business.
3. Advisory
With our platform, you have access to local compliance experts who can guide you through the complexities of managing a distributed workforce, ensuring that you stay compliant with local laws and regulations.
Get Started Today : Don’t let the complexities of employment laws in Sri Lanka slow down your business growth.
Choose our employer of record solution and simplify your hiring process.
Contact us today to learn more and get started.
Sri Lanka Country Overview
Sri Lanka, officially known as the Democratic Socialist Republic of Sri Lanka, is an island nation located in South Asia. It is situated in the Indian Ocean, southeast of India, and has a population of approximately 21 million people.
The economy of Sri Lanka is diverse, with agriculture, manufacturing, and services being the main sectors. The country is known for its production of tea, rubber, and coconut, which are major exports.
Capital City
Colombo
Currency
Sri Lankan Rupee (LKR)
Principal Language
Sinhala and Tamil
Government
Democratic republic
Employment Contracts
Here are the main types of employment contracts in South Korea:
1.Permanent contracts
This is the most common type of employment contract in Sri Lanka. A permanent contract is an open-ended contract, which means that the employee is hired with no specific end date. Permanent contracts are usually given to employees who are hired for long-term positions.
2. Fixed-term contracts
Fixed-term contracts are used to hire employees for a specific period of time. These contracts specify the start and end date of the employment, and the terms and conditions of employment for the specified period. Fixed-term contracts are commonly used for project-based work or for seasonal work.
3. Part-time contracts
Part-time contracts are used to hire employees who work less than the full-time hours of the organization. These contracts are commonly used for jobs that do not require a full-time employee or when the organization needs additional staff for short periods of time.
4. Probationary contracts
Probationary contracts are used to hire employees for a trial period. During the probationary period, the employer can assess the employee’s performance and suitability for the role. Probationary contracts can be fixed-term or permanent, depending on the employer’s preference.
5. Casual contracts
Casual contracts are used to hire employees on an as-needed basis.
These contracts are usually short-term and do not guarantee regular employment. Casual contracts are commonly used in industries such as retail and hospitality.
Working Hours
The maximum working hours per week for shop and office employees are 45 hours, and the maximum working hours per day are 9 hours.
The normal working day is 8 hours, and the 9th hour can only be worked if the employee has given their consent in writing.
Public Holidays
In Sri Lanka, there are several national holidays that are celebrated throughout the year. The following are the national holidays in Sri Lanka:
1.New Year’s Day – 1st January
2. Tamil Thai Pongal Day – 14th January
3. National Day – 4th February
4. Mahasivarathri Day – February/March (date varies depending on the lunar calendar)
5. Sinhala and Tamil New Year – 13th and 14th April
6. May Day (International Workers’ Day) – 1st May
7. Vesak Day – May (date varies depending on the lunar calendar)
8. Id-Ul-Fitr (Ramadan Festival Day) – Date varies depending on the lunar calendar
9. Esala Full Moon Poya Day – July/August (date varies depending on the lunar calendar)
10. Nikini Full Moon Poya Day – August/September (date varies depending on the lunar calendar)
11. Binara Full Moon Poya Day – September/October (date varies depending on the lunar calendar)
12. Deepavali Festival Day – Date varies depending on the lunar calendar
13. Il Full Moon Poya Day – October/November (date varies depending on the lunar calendar)
14. Christmas Day – 25th December
Employee Benefits
Here’s an overview of some of the major social security organizations and the benefits they provide:
1.Employees’ Provident Fund (EPF)
The EPF is a retirement benefit scheme, which requires employers to contribute 12% of an employee’s salary to a fund that is managed by the government.
The employee also contributes 8% of their salary to the fund. The EPF provides retirement benefits, such as a lump sum payment and a monthly pension, to employees who have completed at least 10 years of service.
2. Employees’ Trust Fund (ETF)
The ETF is a welfare fund that provides financial assistance to employees in case of sickness, injury, or death. Employers are required to contribute 3% of an employee’s salary to the fund, while the employee contributes 0.5% of their salary.
The ETF provides benefits such as medical and funeral expenses, disability benefits, and survivor benefits.
3. National Insurance Trust Fund (NITF)
The NITF is a state-owned insurance company that provides insurance coverage for employees in case of accidents, natural disasters, or other contingencies.
The government contributes to the fund, and employers may also choose to make contributions on behalf of their employees.
4. Employees’ Compensation Fund (ECF)
The ECF provides compensation to employees who are injured or disabled at work.
Employers are required to make contributions to the fund, and the amount of compensation provided is based on the severity of the injury.
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