Hiring, Paying and Caring for Talent in More Than 150 Nations
Fixed term contracts are permitted in Ecuador. The maximum term for fixed term contracts are 24 months, but may be extended twice up to a total of 30 months. If a ficed term contract is terminated early, Workers must be componsated for the remaning argreed-upon term.
In Ecuador, probationary periods have a maximum duration of 90 months.
Ecuador has 14 statutory holdiays, which are considered paid time off. Work on stautory holidays should be componsated at 200% of the normal rate.
Workers in Ecuador must submit a medical certificate to the employer and the Ecuador Institute of Social Security (IESS) to be eligble for paid sick leave. The IESS covers the first three eligble sick days. If applicable, the next four to six months of sick leave will be compostated by both the IESS and the employer. The IESS will cover 75% of the Workers wages and the employer will cover 25%.
Workers in Ecuador must submit a medical certificate to the employer and the Ecuador Institute of Social Security (IESS) to be eligble for paid sick leave. The IESS covers the first three eligble sick days. If applicable, the next four to six months of sick leave will be compostated by both the IESS and the employer. The IESS will cover 75% of the Workers wages and the employer will cover 25%.
Overtime is any time worked over the standard working hours. Daily overtime cannot exceed four (4) hours and weekly overtime cannor exceed twelve (12) hours. Workers performing overtime work must be componsated at 150% of their pay rate.
Creating a worldwide workforce is a continuous process that extends beyond a contract.
TCWGlobal surpasses the typical employer of record (EOR) by ensuring that your team receives personalized attention, ranging from smooth payrolling management to customized benefits based on your specific needs and location.
