Rich in untapped natural resources, Liberia is on the path of fundamental developments to counter the challenging economic environment caused by Ebola and the Covid-19 pandemic. As the country devises reforms to develop trade, agriculture among others, employment outsourcing opportunities may arise and many organisations will spot HR outsourcing opportunities to help develop key sectors of the economy.
Moving to a new country like Liberia can be complex when faced with local policies and laws of the country. This is where partnering with Africa HR Solutions can be the right decision to help you action your Liberia HR outsourcing plan even if you don’t have a legal entity yet. Our comprehensive solutions comprise Professional Employer Organisation (PEO), Employer of Record, payroll solutions, and other ancillary support services, tailored to your business requirements and international plans.
Country Profile - Liberia
Population: 4.8 mn
Gross Domestic Product (GDP): $2.95 bn
GDP Growth: 1.2%
Inflation: 23.6 %
Foreign Direct Investment (% of GDP): 3.8%
Unemployment Rate: 2.0 %
Currency: Liberian dollar
Affected by the Ebola some time back and faced with a challenging economic environment, Liberia has had to face the after-effects of the Covid-19 pandemic. Abundant in natural resources such as iron ore, diamonds, gold, fertile soil, fishery, and forestry, the potential to tap into those resources remains limited. Various reforms are being activated to boost growth and improve recovery in some industries. The International Finance Corporation of Liberia advisory program is focusing on four fundamental areas to develop the economy: i) agriculture value chain development, ii) trade facilitation, iii) improving access to finance, and iv) business climate reform.
Interesting Facts About Liberia
One of the most admired world leaders, Nelson Mandela, was born in Liberia
Rice is a major staple food in Liberia’s cuisine
Endangered species are hunted for food, including elephants, hippopotamus, chimpanzees, leopards, monkeys among others
The Sapo National Park is the second-largest tropical rainforest in West Africa
Liberia’s beaches are considered as one of the best surf sights in Africa
Public Holidays in Liberia
New Year’s Day
Armed Forces Day
J. Roberts Birthday
Fast and Prayer Day
National Unification Day
William Tubmans Birthday
Employment in Liberia
In Liberia, a written agreement in English is preferred. It states the employee’s details, including remuneration, length of service, and termination requirements. All compensation and wage details must be mentioned in Liberia dollars and not in any other foreign currency. At Africa HR Solutions, our in-country experts advise you through all the HR outsourcing initiatives, including a competitive benefits scheme to ensure you establish your presence in Liberia with peace of mind.
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