Compliantly hire your distributed team members in
Mongolia
To hire new employees in
Mongolia
, your business must have a local legal entity or an Employer of Record like Borderless in place already. Then there’s the management of local employment compliance, taxes, benefits, payroll, and more. Hiring contractors poses similar challenges.
Borderless handles all of that for you, so you can focus on getting to work with your new team member in
Mongolia
while staying fully compliant with local laws and compliance.
Mongolian
Mongolian Tughrik (MNT)
Monthly
9 days
12.5 - 14.5%
33.17 (2021)
15 days
66 days
120 days
In many countries like
Mongolia
, the treatment of employees and contractors is different. If you misclassify a new team member, you could be subjected to penalties and fines. Let Borderless get this right for you, so you don’t have to worry.
The minimum wage in Mongolia is MNT 420,000 per month.
The standard working hours are 8 hours per day and 40 hours per week. Overtime pay is paid at 1.5 times the employee's base salary and 2 times when the employee works on a public holiday. Time off can be an alternative to overtime pay.
Parents with children under 3 years of age are entitled to an extended childcare leave. During the employee's leave, it is mandatory that the employer cover the employee's social insurance payments.
Monthly salary must be paid to employees by the 5th of the following month.
Employment agreement can be terminated by the employer with or without cause.
The statutory notice period in Mongolia is 30 days. This applies to both the employer and employee.
The maximum probation period is 3 months.
If the reason for the termination is due to the employee's military duty, the company's bankruptcy, or the employee's retirement age, the employee is eligible for 1 month's wage. Severance pay ranges from one month's salary to four months' salary.
When the world is your competition, it pays to incentivize new hires and existing alike. Borderless benefits packages typically include:
Book your demo of Borderless to help you hire, pay, and take care of new employees and contractors in 170+ countries.
