Seeking A Reliable Payroll Partner in Guinea ?
With our Guinea Payroll Outsourcing services, your talents are paid on time and without error! Our team at Africa HR Solutions also provides your company with much-needed guidance to ensure that your operations comply with Guinea’s Labor Code and tax policies. Over the years, we have played a pivotal role in the expansion of over 400 clients across Africa by providing reliable HR and payroll and cross-border payment outsourcing solutions.
Guinea Country Overview
Geographic location: Guinea is a coastal country stretching over 245,857 km², making it larger than the United Kingdom. It borders the Atlantic Ocean, Guinea-Bissau, Senegal, Mali, the Ivory Coast, Sierra Leone, and Liberia.
Population: With a population of over 13 million people, most of whom speak French as an official language, Guinea is an investment destination that is well worth being explored.
Economy: Guinea is rich in natural resources such as diamonds, gold, and bauxite. One of the country’s most significant economic pillars is agriculture, which accounts for most of the country’s Gross Domestic Product (GDP). Additionally, the country has paved the way for new opportunities thanks to new mining projects, a port expansion, and various infrastructure projects.
Payroll in Guinea - What You Should Know
- Population: 13,497,237
- Gross Domestic Product (GDP): $15.85 B
- GDP Growth (April 2021): 3.1%
- Inflation, consumer prices: 12.6%
- Foreign Direct Investment (% of GDP): 1.2%
- Unemployment Rate: 6.3%
- Capital: Conakry
- Currency: Guinean Franc
- Languages: French
Employer Contribution
Employer social security contributions in Guinea are as follow:
- 6.00% of payroll for family allowances
- 4.00% of payroll for industrial accidents
- 4.00% of payroll for medical expenses
- 4.00% of payroll for old age pension & death benefits
Employee Contribution
Employee social security contributions in Guinea are as follow:
- 2.5% of payroll for medical expenses
- 2.5% of payroll for old age pension & death benefits
Contributions are levied on a monthly basis on total remuneration paid, capped to GNF 2,500,000.
Value-added tax (VAT)
The standard VAT rate is 18% in Guinea.
Exports and international carriage are zero-rated in the country.
Paid Time-Off
Employees are generally entitled to two and a half days of paid annual leave per month worked.
Sick Leave
In Guinea, workers are generally entitled to up to 26 weeks of paid sick leave.
Maternity Leave
In Guinea, women are entitled to a maximum of 14 weeks of paid maternity leave.
Paternity Leave
There is no statutory paternity leave in Guinea.
‘Personal reasons’ deemed as valid according to Guinea’s Labor Laws are as follows:
- An employer can terminate a worker’s contract if the latter displays a lack of skill to perform their assigned job.
- A contract can also be terminated if the employee’s health is compromised.
- Grave misconduct is also a valid ground for termination.
The employer must summon the employee to an interview by giving 5 days’ written notice and must stipulate the reasons for dismissal. The employer must then wait 2 days after the interview before dismissing the employee.
Any reduction in the workforce within the company that is caused by redundancy must go through the Trade Union.
Unless they are dismissed for grave misconduct, an employee is entitled to the following notice periods:
- Operational staff: 2 weeks
- Supervisors and foremen: 1 month
Middle managers and similar: 3 months
When a fixed-term contract expires, the employee is eligible for severance pay of 5% of the total wages for the contracted period.
Employees under an indefinite term contract who have completed at least 12 months of service are generally entitled to receiving severance pay of at least 50 hours’ worth of wages for hourly workers and 25% of one month’s wage for monthly paid workers.
- New Year’s Day (1st January)
- Second Republic Day (3rd April)
- Easter Monday (13th April)
- Labor Day (1st May)
- Laylat al-Qadr
- Eid al-Fitr
- Africa Day (25th May)
- Eid al-Adha
- Assumption of Mary (15th August)
- Independence Day (of Guinea) (2nd October)
- Prophet’s Birthday
- All Saints’ Day (1st November)
- Christmas Day (25th December)
Guinea Payroll Done The Easy Way. The Right Way.
12 Years of Experience
Over more than a decade, Africa HR Solutions has become a leading payroll service provider across Africa with a proven track record of success with over 400 clients across many industries.
Bulletproof Compliance
Ensuring your operations are carried out compliantly is a must. From country-specific regulations to government laws, we make sure your company is up to code with Africa's legislation at all times.
+44 Countries in Africa
Operating in more than 44 countries in Africa, our team of experts gathered the required knowledge and local expertise to handle your needs and demands - wherever, whenever.
Single Point of Contact
Avoid unnecessary headaches and mistakes thanks to our centralized services and manage everything from a single database. A single point of contact for all of your needs across the continent.
Maximize your ROI
It is cheaper to let a third-party organization handle your payroll than to do it yourself. By saving on the overall cost of payroll, you can reallocate your budget elsewhere to promote company growth.
Swift Payroll Implementation
With Africa HR Solutions you are one call away from implementing an accurate and timely payroll operation to ensure your talents are paid on time no matter where they are in Africa.
We Can Help. Just Tell Us How!
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In the last 10 years, the scenario surrounding compliance in African countries has changed dramatically. Africa HR Solutions understands this and has become a major player in the African payroll market.
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