Hiring, Paying and Caring for Talent in More Than 150 Nations
Fixed-term contracts are permitted in Nicaragua, but rarely executed. Workers on fixed-term contracts may not be terminated without just cause as it would be considered a breach of contract warranting damages equal to the wages the Worker would have otherwise received.
Nicaragua does distinguish some types of Workers for purposes of overtime laws.
Probationary periods are permitted for 30 days, during which time either the employer or the Worker may terminate the employment relationship for any reason.
There are 9 national holidays in Nicaragua that are considered paid days off. The Executive Power may declare additional paid holidays at both the national and municial level. The national holiday is still paid even if it falls on Sunday. If a Worker works in such a case, they are entitled to wages at 200%.
Workers are entitled to up to 26 weeks of paid sick leave, paid at 60% of wages from Nicaragua's Social Security from the fourth day onward unless it is work-related, in which case the waiting period is waived.
Workers are entitled to up to 26 weeks of paid sick leave, paid at 60% of wages from Nicaragua's Social Security from the fourth day onward unless it is work-related, in which case the waiting period is waived.
Any work above the standard workweek is considered overtime, payable at 200%. Workers cannot be asked to work more than 9 hours of overtime per week. Some Workers are exempt from overtime requirements, including: supervisors or managers, anyone that represents the company by virtue of their role, and those who work outside of the work facility beyond the company's control. However, those Workers may not work more than 12 hours per day, which must include a four-hour rest.
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.
