Hiring in Honduras
Located in Central America, Honduras is famous for its strong coffee, colourful textiles and extensive remnants of Mayan civilization, including well-preserved temples and settlements.
Honduras is classified as a developing and a low-middle wealth income nation. Over 50% of Hondurans live in poverty, thanks to a succession of civil wars and coups (the most recent in 2009) which have been compounded by natural disasters such as Hurricane Mitch. Coffee accounts for around 22% of Honduran exports and agriculture dominates Honduras’ GDP.
There is little incentive for investment in Honduras thanks to limited natural resources, and hiring is still very informal with little in the way of established employment regulations. An expert overseas payroll partner is highly recommended to navigate Honduras’ employment practices.
Why use TopSource Worldwide in Honduras?
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 Honduras
- 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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