Marshall Islands is an archipelago located near the Equator in the Pacific Ocean. It is a part of the Micronesia island group and shares its boundaries with Kiribati, Wake islands, Nauru and Federated States of Micronesia. In 2021, the country recorded a GDP of USD 248 million with a contracted growth rate of 2.5%.
Majuro, Ebaye, Arno
Tour guides, Seafarer
The top local university in Marshall Islands is:
The below table mentions some of the job and average monthly salary in Marshall Islands:
|No.||Job Title||Average Monthly Salary (USD)|
|1||Financial Controller||2,620 USD|
|2||General Manager||3,840 USD|
|3||Business Development Manager||3,640 USD|
|4||Financial Analyst||2,880 USD|
|5||Business Analyst||2,840 USD|
|6||Project Manager||2,650 USD|
The payroll cycle is monthly in Marshall Islands.
The minimum wage in Marshall Islands is USD 2 per hour.
The standard working time is 40 hours in a week, exceeding that is overtime. However there is no specific compensation for overtime.
The 13th month pay is not mandatory in Marshall Islands.
|Health insurance (quarterly)||3.5%|
|Up to USD 10,400||8%|
|More than USD 10,400||12%|
A yearly amount of USD 1,040 is tax-exempt for individuals earning less than USD 5,200.
Local authorities in Marshall Islands levy sales tax at 2% and 4%.
Legislations in Marshall Islands justify redundancy as legal grounds for termination and dismissal.
There are no provisions for mandatory notice periods in Marshall Islands.
Employers in Marshall Islands are not mandated to pay severance packages to terminated employees.
Work permit in Marshall Islands is of five types – Foreign investor, OSL (Occupational Shortages List) professionals, General, Family and Temporary. All the types have various demands which the applicant must fulfil.
The work permit application must be submitted to the Director of the Labour Division. After granting the permit, the Director requests the Immigration Division for a work visa.