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.
St. George, Gouyave, Grenville, Victoria
IT engineer, Digital Marketing manager, Developer, Software engineer
Top University in Grenada is;
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|
The payroll cycle in Grenada is monthly.
The minimum wage ranges from XCD4.50 to XCD8 in Grenada.
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.
There is no statutory law for 13th month pay in Grenada.
|National Insurance Scheme||6%|
|National Insurance Scheme||5%|
|Annual Taxable Income||Tax Rate|
|From 0 to 24,000 XCD||10%|
|Above 24,000 XCD||30%|
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.
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.