Hiring in El Salvador
El Salvador is a Central American nation located on the Pacific Coast. This small republic is known for its strong coffee, strong chocolate, and colourful clothing made using traditional local dyes.
El Salvador’s 6.8 million inhabitants have experienced a chequered history since gaining sovereignty, with numerous coups and a civil war that lasted from the 1970s to the 1990s seeing many Salvadorian emigrating to the US and neighbours Honduras and Guatemala.
El Salvador’s economy has struggled due to both war and natural disasters and the decision was made in 2001 to allow the US dollar to become legal tender. This means all formal payments are made in dollars, and makes it easier for Salvadorians working abroad to send money back to El Salvador without suffering unfavourable exchange rates.
Hiring in El Salvador can be challenging, with corruption, informal contracts and unregulated working practices common.
Why use TopSource Worldwide in El Salvador?
We free your teams from the burden of managing payroll across borders, working diligently to ensure a seamless process across all activities.
We’ll manage the data flow from you to every local market and will return data to you in a readable format for each of your key teams, including payroll journals if needed.
Our services combine process excellence with a human-centric approach, and our top priority is always the care and compliance of your payroll — no matter where in the world you operate.
- Leverage our experience and ensure in-country Payroll compliance.
- Reduce processing and back office time.
- Align processes, reducing complexity and risk
- A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.
- Flexibility of service — adapting to your needs, regardless of the market.
- The option to work with other providers you already have in place, if needed.
- Global HR data management and data tracking where required.
- Global payments support for both employees and authorities.
- A dedicated team and account manager so that you always have a central point of contact
What TopSource Worldwide provides in El Salvador
- Simplicity – we provide one monthly consolidated invoice for the services provided inclusive of salaries, taxes, fees and employee expenses. This reduces banking costs and your finance teams time spent.
- One point of contact – a single Account manager looking after all your Payroll.
- Compliance – all funds payable to the employee are processed through payroll. You receive monthly evidence of taxation paid to the competent authorities in country.
- All services are provided by in-country experts that are professionally qualified in their respective fields.
- Electronic payslips for all employees.
- All Statutory filing completed by TopSource Worldwide.
We appreciate each situation and business is different. That is why we offer a consultative and bespoke solution to every client. We know one size does not ‘fit all’.
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