Hire a remote team in Eswatini

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

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1. Hire a remote team in Eswatini with Rivermate

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

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Eswatini.As an employer of record, we help you hire employees and run payroll services in Eswatini, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Eswatini.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 Eswatini or individually hire remote employees in Eswatini, 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 Eswatini services can best help your company!

3. Hire a remote team in Eswatini

Swaziland's economy is inextricably linked to that of South Africa, from which it receives more than 90 percent of its imports. Swaziland has been renamed Eswatini. Swaziland's economy is classified as a free market. Swaziland is known to have a 69.2 percent poverty rate. It is a lower-middle-income country with a lower GDP due to a variety of factors.Swaziland's economy has declined as a result of changes in certain factors since the COVID-19 outbreak. Despite having a high poverty rate, Swaziland bravely survived the pandemic. Textile manufacturing and sugar-related processing account for 37% of GDP. There are various government sectors that contribute up to 50% of GDP. Swaziland has a lower-middle-income country with a 22.24% unemployment rate. Swaziland is among the countries with a free-market economy in various sectors. Swaziland is one of the most affordable countries to live in, but it is also not very safe at night.

4. Cost of living in Eswatini

Eswatini's cost of living is $728, which is 1.28 times less expensive than the global average. Eswatini was ranked 115th out of 197 countries in terms of cost of living and 158th in terms of quality of life.In Eswatini, the average after-tax salary is $824, which is enough to cover living expenses for 1.1 months.

5. Cost of renting in Eswatini

Swaziland has a lower cost of living than other countries around the world. Swaziland is one of the world's most vibrant countries. Property prices differ from city to city depending on a variety of factors.Rent in Swaziland varies depending on the area and location where you want to stay. A one-bedroom apartment may cost around US $688, depending on the size of the apartment. The rent may rise depending on the area and the amenities that are available.The allocated resources have also increased the cost of living in various cities. The cost of living in various parts of the country has recently decreased, which is one of the factors influencing people to relocate to different parts of the city. There are various areas with varying cost of living.

6. Major industries in Eswatini

Swaziland's finance sector is small, but it is diverse and developed. The Swaziland financial sector is very well regulated and monitored by the Central Bank of Swaziland. Because of the pandemic, cash flow has decreased in the last year but is expected to increase in the coming years.Swaziland's population has grown in recent years, and since the coronavirus outbreak, there has been an increase in demand for healthcare services. Changes have occurred in various sectors of the economy.Since the increase in utility prices, various industries such as coal mining, wood pulp, sugar, soft drinks, and others are expected to grow. Employees in the industries are working extremely hard to earn a living.The internet is also a major source of revenue for IT services and other computer system design services. Furthermore, the industry's revenue is expected to rise at a certain rate due to a variety of factors.When compared to other countries, Swaziland has also experienced slow retail conditions. Spending on necessities has also increased, while spending in the retail sector has decreased due to the unstable economic environment.

7. Hiring cost in Eswatini

When conducting a recruitment drive to hire employees in the organization, one of the most important factors for employers is the hiring cost. Certain factors must be considered by the organization when hiring a new employee, such as:- Onboarding and training - Training- Remuneration - Interviews - Time to be invested

8. Employment laws Eswatini

Individuals must follow the laws in order for an organization to run smoothly. Certain employment laws apply to individuals working in Swaziland's various sectors. Factors such as penalty, work hours, and so on differ depending on the industry. The following are the employment aspects:- Overtime working - Anti-discrimination - Paid and unpaid leaves- Workplace surveillanceSwaziland's employment laws and regulations are based on the following principles:- Social security laws- Contractual basis - The common law and - Legislation

9. Top skills Eswatini

Individuals must have certain top skills in order to work efficiently in Swaziland's public and service sectors. Companies are interested in hiring trained professionals with subject-matter knowledge in the field. Individuals interested in working in Swaziland have a variety of job opportunities.Major skills and areas which have witnessed a recent growth rate- Business- Production - Communication - LanguagesTop skills city-wise occupation-wise- Manzini: With a population of over 110,000, Manzini is the largest city in Swaziland and is regarded as the region's economic engine. The health and infrastructure sectors are the most in demand here. The average salary is approximately $1,095.- Mbabane: With a population of around 90,000 people, Mbabane is Swaziland's second largest city and the country's executive capital. IT and healthcare professionals are in high demand in this city. The average salary is approximately $1,050 USD.

10. Economic landscape in Eswatini

According to reports and studies on the economy of Swaziland, economic growth in Swaziland has lagged in recent years and has averaged 2.8 percent lower than growth in neighboring countries. Certain factors, such as low agricultural productivity, repeated droughts, and the impact of HIV/AIDS, are all contributing to the GDP rate's decline. Budget deficits have resulted from declining revenues and increased spending.

11. Market size in Eswatini

The COVID-19 outbreak has affected everyone differently, with the country's GDP declining in every other sector. The outbreak has impacted a variety of industries, including coal mining, wood pulp, and other private and public sectors. However, according to a recent study and research, industry revenue has increased at an annual rate over the years.

12. Minimum wage in Eswatini

The monthly minimum wage in Swaziland is 531.6 Swazi emalangeni for a domestic worker, 420 emalangeni for an unskilled worker, and 600 emalangeni for a skilled worker. The minimum wage in Swaziland was last changed in 2011.