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Every individual between the ages of 16 and 65, who is employed in Barbados must be insured under the National Insurance and Social Security Act and contributions are determined as a percentage of insurable earnings up to a maximum of $4,090 per month or $944 per week up to 13.5% (6.5% from employee and 6.5% from employer).
The Barbados Workers' Union is a national trade union in Barbados.It has 25,000 members and represents them directly, negotiating with individual companies in each sector. Its membership covers all areas of employment in Barbados: agriculture, tourism and restaurant Services, transport (road, sea and air), government and statutory boards, banking and insurance, manufacturing and industry ...
On May 24, 2017, it was announced by Permanent Secretary Yolande Howard that the National Employment Bureau would be re-branding and the first step of this would be to re-name the Bureau the Barbados Employment and Career Counselling Service (BECCS) department. This re-branding of the Bureau is expected to increase effectiveness and efficiency.
The PAYE tax system was introduced in Barbados in 1957 which allowed employees to have their income tax be paid on the behalf of their employers by deducting the amount from their wage/salary. Every employer who has employees earning more than $481 per week or $2,083 per month is required to register as an employer with the Barbados Revenue ...
The CTUSAB has its origins in the emergence of protests against the Barbados government's acceptance of an IMF/World Bank structural adjustment programme in the early 1990s. The proposed programme included the devaluation of the Barbadian dollar , cuts to welfare, public services and public salaries, public sector job cuts, increases in taxes ...
The National Union of Public Workers (NUPW) is a trade union in Barbados. It represents 10,000 workers, mainly in the public sector. It was established in 1944, and registered as a trade union in 1964. In 1971 it changed its name from the Barbados Civil Service Association (BSCSA).
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Tax equalization is a policy applied by some international companies under which employees who are hired in one country and later accept a (temporary) assignment in another country do not have their total after-tax ("take-home") compensation changed depending on the tax regimes of the country they move to. If the employee is assigned to a ...