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Talent Wiki – Grenada

Your quick guide on talent and labor compliance norms in Grenada

Capital

St. George’s

Currency

East Caribbean Dollar (XCD)

Languages

English, Grenadian Creole, France

Payroll Frequency

Monthly

GDP per Capita

$8,642.70

Employer Tax

6%

Talent Overview

Grenada is a Caribbean country that has been growing its economy and GDP in the last years. The country has increased its GDP per capita by 5.3% from the previous year. Grenada holds the 74 ranks in GDP per capita out of 196 countries. The country mainly focuses on engineering services such as informational technology, developments and industries such as clothing for the development of GDP.

Major economic hubs:

St. George, Gouyave, Grenville, Victoria

Skills in demand:

IT engineer, Digital Marketing manager, Developer, Software engineer

Map 43

Local Universities

The top local universities in Grenada are as follows:

Uni1 67

St. George’s University

Ranking

Local: 1

World: 1742

Salary Data

The average monthly salary of some jobs available in Grenada are as follows:

Job Title Avg. Monthly Salary (XCD) Avg. Monthly Salary (USD)
Financial Manager 11,300 XCD 4181.24 USD
General Manager 10,000 XCD 3700.21 USD
Business Development Manager 9,110 XCD 3370.89 USD
Business Analyst 7,590 XCD 2808.46 USD
Financial Analyst 7,410 XCD 2741.85 USD
Project Manager 6,660 XCD 2464.34 USD
Talentsource 7

Talent Sourcing Tips

Top Local Job Boards:

Millionmakers, NowGrenada

Number of LinkedIn users:

35,610

Top Recruitment Agencies:

Clearharbour, Jobisland,

Employing in Grenada

While onboarding any individual from Grenada, the employer must know about the Labor laws, employment terms, deductions, and benefits. This section has all the necessary information that employers can use.

Employee Contract

Employee Contracts may be in English, Grenadian Creole, France or in any other language that the employer and employee may be able to understand.

Probation Period

The probation period for the newly hired employees ranges from one week to three months.

Public and Provincial Holidays 2023

Date Name Type
1 Jan New Year Public Holiday
2 Jan Day off for New Year Public Holiday
7 Feb Independence Day Public Holiday
7 Apr Good Friday Public Holiday
10 Apr Easter Monday Public Holiday
1 May Labour Day Public Holiday
29 May Whit Monday Public Holiday
8 Jun Corpus Christi Public Holiday
7 Aug Emancipation Day Public Holiday
14 Aug Carnival (First Day) Public Holiday
15 Aug Carnival (Second Day) Public Holiday
19 Oct Maurice Bishop Day (Tentative Date) Public Holiday
25 Oct Thanksgiving Public Holiday
25 Dec Christmas Day Public Holiday
26 Dec Boxing Day Public Holiday

Employee Leaves

Type of Leave Time Period Mandatory
Annual/Earned Leave 14-21 days Yes
Sick Leave As per requirement Yes
Maternity Leave 3 months Yes

Payroll

Payroll 1

Payroll Cycle

The payroll cycle in Grenada is monthly.

Payroll 2

Minimum Wage

The minimum wage ranges from XCD4.50 to XCD8 in Grenada.

Payroll 3

Overtime Pay

The overtime pay must be one and one-half times the wage per hour. And if worked on a Sunday or public holiday the pay increases to twice the wage per hour.

Bonus

13th Month Pay:

There is no statutory law for 13th month pay in Grenada.

Employee Benefits:

  • Maternity benefits
  • Employee injury benefit
  • Age benefit
  • Invalidity benefit
  • Survivor’s benefit

Taxes

Employer Payroll Tax:

Fund Contributions
National Insurance Scheme 6%

Employee Payroll Tax:

Fund Contributions
National Insurance Scheme 5%

Employee Income Tax:

Annual Taxable Income Tax Rate
From 0 to 24,000 XCD 10%
Above 24,000 XCD 30%

VAT:

The standard rate of VAT in Granada is 15%.

Offboarding & Termination

Both the employee and employer can terminate the employment contract. The employer can dismiss the contract based on a reason for redundancy.

The notice period in Grenada is two weeks to three months.

According to Grenada labor law, severance pay is one week of pay for each year of service.

Visa and Immigration

The individual has to submit all the personal documents along with the employment contract to avail of the work permit. In Grenada, the work permit is valid for one year and can be renewed after expiration.

Visa 10
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Payroll

Minimum Wage

Overtime Pay

Visa & Immigration