The Federation of Micronesia is an island on the pacific ocean with four major islands; Pohnpei, Kosrae, Chuuk, and Yap. The country holds an economic freedom score of 61, making it 82nd most accessible in the economy in the 2022 list. Micronesia has seen a developing GDP over the past two years. Industries and Tourism are the major contributors to the overall GDP growth.
Major economic hubs:
Palikir, Colonia, Leelu, Tol
Skills in demand:
Information Technology Engineer, Software engineer, Developers
Local Universities
The top local universities in Micronesia are as follows:
College of Micronesia-FSM
Ranking
Local: 1
World: 6445
Salary Data
The average monthly salary of some jobs available in Micronesia is as follows:
While onboarding an individual from Micronesia, employers have to know about the employment laws, benefits, social security, deductions, and allowances. This section contains all the information that is necessary for an employer.
Employee Contract
According to the Micronesia labor law, the language of the employment contract must be in English or any other language both parties can understand.
Probation Period
The probation period in Micronesia for newly hired employees ranges from six months to one year.
Public and Provincial Holidays
Date
Name
Type
1 Jan
New Year’s Day
Public Holiday
31 Mar
Micronesia Culture Day
Public Holiday
1 Apr
Micronesia Culture Day Observed
Public Holiday
10 May
Constitution Day
Public Holiday
24 Oct
United Nations Day
Public Holiday
3 Nov
Independence Day
Public Holiday
4 Nov
Independence Day Oberved
Public Holiday
11 Nov
Veterans of Foreign Wars Day
Public Holiday
22 Nov
Presidents Day
Public Holiday
23 Nov
Presidents Day Observed
Public Holiday
25 Dec
Christmas Day
Public Holiday
Employee Leaves
Type of Leave
Time Period
Mandatory
Annual/Earned Leave
There is no mandatory law for annual leave
No
Sick Leave
There is no mandatory law for sick leave
No
Maternity Leave
52 weeks
Yes
Payroll
Payroll Cycle
The payroll cycle in Micronesia is monthly.
Minimum Wage
The overtime pay in Micronesia ranges from $1.75 to $2 per hour.
Overtime Pay
It is mandatory to provide overtime pay based on mutual agreement.
Bonus
13th Month Pay:
There is no mandatory law for the 13th-month pay in Micronesia.
In the Federation of Micronesia, the employer or the employee can terminate the employment contract without any responsibility. Based on a cause of redundancy, the employer can terminate the employment contract.
In Micronesia, the severance pay is 15 days of compensation for each years of service.
Visa and Immigration
An individual has to apply for an alien worker’s permit in order to work from Micronesia. The individual must provide all the necessary personal documents and employment contracts.
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