MADAGASCAR: THE TREASURE TROVE

Madagascar is a large island that is not only home to exceptional biodiversity and a large number of endemic species, but also a treasure island hiding coveted natural wealth. We live on a gold mine, but also above precious stones, rare and valuable jewels. All these wonders encourage investors...

UNDERSTANDING AND MANAGING PAYROLL EXPENSES

Setting Gross Salary Based on Minimum Wage and Worker Category When drafting the employment contract, the company will determine the Socio-Professional Category (CSP) of the worker based on their acquired qualifications and professional experience. There are 5 groups of Socio-Professional Categories (CSP) in Madagascar. Employees with CSP codes M1, M2,...
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Minimum wage in Madagascar

Before recruiting a new employee, it’s essential to simulate hiring costs in order to fine-tune the company’s development plan. Wage-related costs play a key role in calculating hiring costs. For the private sector, both the employee and the employer are free to set the base wage, subject to compliance with...
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REVAMP YOUR HUMAN RESOURCE MANAGEMENT FOR OPTIMAL EFFICIENCY

In the ever-evolving professional landscape, human resource management emerges as a key element for the prosperity of businesses. Today’s professionals face an increasing number of challenges, particularly in payroll management, labor laws, and the necessity to comply with strict tax regulations. Faced with these challenges, many companies are seeking...
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SOCIAL SECURITY CONTRIBUTIONS THRESHOLD BASED ON THE MINIMUM WAGE FOR NEW HIRES (SME)

In response to the ever-increasing cost of living the Malagasy government has introduced a wage policy designed to gradually prepare employees financially for the new burdens of modern life. As a result of this policy, Decree no. 2023-563 was published in July 2023 to confirm the “minimum monthly remuneration” in...

The goals of the employee’s formation

When recruiting, many employers opt for a candidate who has completed training in the field relating to the position to be entrusted, apart from the associated diplomas. If so, why still train employees? Staff training aims to provide an employee with knowledge to improve business skills and enhance the image...