Establish your presence globally with Neeyamo as we help you go beyond borders to manage your international payroll and hire new talent in Guinea.
Overview
Guinea, officially the Republic of Guinea, is a country in West Africa. It is a coastal country bordered by six countries: Senegal to the north, Mali to the north and northwest, Côte d'Ivoire to the southeast, Liberia and Sierra Leone to the south, and Guinea-Bissau to the southwest.
Guinea has a growing economy, largely dependent on mining and agriculture. Bauxite mining and alumina production are the mainstays of the economy, while diamonds, gold, and oil also contribute significantly.
Neeyamo provides assistance for the onboarding and management of employees in Guinea along with processing of a firm's payroll, compliance, benefits, and more.
Facts And Stats
Capital
Conakry
Currency
West African CFA franc
Official Language
French
Fiscal Year
1 January - 31 December
Date Format
DD/MM/YYYY
Country Calling Code
+224
Other Languages
Pular, Maninka, Susu
Time Zone
Central Standard Time (UTC-06:00)
Global Payroll
Overview
What is Global Payroll?
Handling payroll for a widespread workforce can pose a major challenge for any firm. The added complication of compliance can make things worse and drastically affect the time and efforts that can be used in other equally important aspects of an organization's development.
Over the years, Neeyamo has observed these complexities and strived to provide a global payroll solution through a single technology platform, Neeyamo Payroll.
Payroll Taxes
Payroll tax is the percentage amount retained from an employee's salary and paid to the government to invest in the welfare of the general population.
Employee Taxes
Social Security Contribution: 5%
Divided as follows:
- Medical expenses and disability: 2.5%
- Old age pensions and death benefits: 2.5%
Employee Income Tax:
- Individuals resident in Guinea are subject to tax on worldwide income.
- Nonresidents are subject to tax on Guinea source income only.
- Guinea follows a personal income tax rate of 40%.
Employer Taxes
Employer Social Security Contributions
Social security (from annual salary): 18%
Divided as follows:
- Family allowances: 6%
- Industrial accidents: 4%
- Medical expenses and disability: 4%
- Old age pensions and death benefits:4%
Payroll Cycle
Overview
Undoubtedly, payroll is a critical aspect of any organization. The Pay cycle is a notable feature of it that provides a sense of accountability for an employee to be paid consistently for their work.
Frequency
The payroll cycle in Guinea is generally monthly.
13th Month Cycle
The 13th, 14th, or 15th-month pay is not mandatory in Guinea.
Global Work
Overview
An Employer of Record service provider helps you get rid of the hassle of handling the complexities that come with setting up a new employee in remote locations. They act as legal employers, facilitate salary payments, and handle everything from health insurance. payroll taxes, and employee benefits to comply with local tax laws and regulations.
This ensures that the client company can focus on the employee’s everyday tasks safely in the knowledge that they have a cost-effective solution as they continue their global expansion.
HR Mandates and Practices
Minimum Wage
The current minimum wage in Guinea is GNF550,000 per month
Overtime
In Guinea, the regular working day is 8 hours, and the standard workweek is 40 hours. Overtime hours may not exceed 10 per day or 48 per week. Additionally, overtime is limited to 100 hours per calendar year, unless the labor inspector grants special authorization.
Overtime work during the first four hours in a week is compensated at 130% of the regular hourly rate. Overtime exceeding four hours in a week is compensated at a higher rate of 160% of the regular hourly rate.
Data Retention Policy
Guinea does not have a comprehensive data protection law
Hiring and Onboarding Requirements
Hiring of employees
Guinean formal anti-discrimination laws may be limited, hiring practices can sometimes reflect broader social and cultural preferences. For example, local preference might be given to Guinean nationals over foreigners, and there might be a tendency to favor candidates from certain regions or ethnic groups.
Guinea's labor laws do not explicitly provide comprehensive anti-discrimination protections. However, general principles of non-discrimination are embedded in the Constitution and labor regulations, which prohibit discrimination based on race, sex, religion, and other personal characteristics.
Onboarding
In Guinea, regulations can vary depending on the nature of the position and the organization's requirements. However, here are some common documents that are generally required for onboarding employees.
Identification Documents:
- Employment and Educational Verification
- Tax and Banking Information
- Contractual Documents
Requirement for Employer:
Employment Contract:
A signed employment contract outlining the terms and conditions of your employment, including job responsibilities, salary, working hours, and benefits.
Registration with Relevant Authorities:
Your employer may need to register you with the appropriate government agencies, such as the tax authority and Social Security Administration. This ensures that you are compliant with local laws and eligible for relevant benefits.
Probation
In Guinea Probation period is typically 3 months.
Leave
Public Holidays
There are 13 public holidays
- January 1 - New Year's Day
- April 3 - Second Republic Day
- April 10 - Easter
- April 17 - Laylat al-Qadr
- April 22 - Eid al-Fitr
- May 1 - Labor Day
- May 25 - Africa Day
- June 29 - Eid al-Adha
- August 15 - Assumption of Mary
- October 2 - Independence Day
- September 27 - Prophet's Birthday
- November 1 - All Saints' Day
- December 25 - Christmas Day
In Guinea, the following leave policies are applicable to employees:
Annual Leave
The Labor Code of Guinea specifies that each worker is entitled to paid leave at the rate of two and a half working days per month of actual work. Employees become eligible for annual leave after completing one month of service. The maximum duration for paid leave is limited to 12 consecutive working days.
Maternity Leave
In Guinea, female employees are entitled to maternity leave starting six weeks before the expected delivery and continuing for eight weeks after childbirth. Leave can be extended for medical conditions up to eight weeks before delivery and ten weeks after. For multiple births, leave is extended by two weeks. During this period, the employer pays half of the salary, and the National Social Security Fund pays the other half.
Sick Leave
Employees are generally entitled to up to 26 weeks of paid sick leave.
Termination
Employers can terminate employees for "personal reasons" such as :
- Ineptitude
- Ill health
- Misconduct.
The employer must give the employee at least 5 days' notice for an interview via a registered letter, stating the reasons for the proposed dismissal. After the interview, the employer must wait 2 days before proceeding with the dismissal, which must then be communicated by hand-delivered letter within three days of the interview.
For staff reductions due to economic reasons, the employer must involve the trade union.
Notice Period
The notice period depends on the role of the employee:
- For operational staff, it is 2 weeks notice
- For supervisors, it is 1 month notice
- For middle managers and above, it is 3 months notice
Severance Pay
According to Article 50 of the Collective Agreement, severance pay is not granted when a worker is dismissed for gross misconduct. For individual dismissals, severance pay rates are:
- 33% of the average monthly salary for each completed year of the first five years
- 35% of the average monthly salary per year from the 6th to 10th year inclusive
- 40% of the average monthly salary per year beyond the 10th year
Visa
Overview
To work long-term in Guinea, employees need a Long-Term Visa. This visa is granted only after the foreign national has obtained an entry visa and lived in Guinea for 90 days. Applicants must also provide employment contracts approved by the relevant authorities.
- The documents you need when you apply for a Guinea visa are:
- The passport of the applicant, which is valid for six months or more
- Scanned copies of the passport’s information page
- A passport-size picture of the applicant with a white background
- A Yellow Fever Certificate
- A confirmed return-flight booked ticket
- If applying for a diplomatic/service/courtesy visa: An official Letter of Nomination or
- Appointment
- Additional documents will be required based on the purpose of the trip.
Employee Background Checks
Types of Background Checks Commonly observed:
- Criminal Record Checks
- Employment History Verification
- Education Verification
- Visa and Immigration Background Checks
- Identity and Work Permit Verification
- Identity Verification
- Employment History and Reference Checks
- Health Examinations
Last updated on August 12, 2024.
If you have any queries or suggestions, reach out to us at irene.jones@neeyamo.com
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