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Payroll in Grenada
Payroll in Grenada runs in XCD on a monthly or bi-weekly payroll is common depending on sector. cycle, with statutory employer contributions and no statutory 13th-month bonus is mandated.. Gracemark operates it end-to-end, humans, not tickets.
Currency
XCD, Eastern Caribbean dollar
Payroll cycle
Monthly or bi-weekly payroll is common depending on sector.
Working week
Standard working hours are generally 8 hours/day and 40 hours/week under the Employment Act, with overtime compensated per the Act's provisions.
Minimum wage
The minimum wage was set at EC$1,200 per month (EC$60 per day) under the 2023 Minimum Wages Order, gazetted December 2023 and effective into 2024 [1](https://wilkinsonchambers.net/wp-content/uploads/2024/10/S.R.O.-42-of-2023-Minimum-Wages-Order.pdf).
13th-month
No statutory 13th-month bonus is mandated.
Employer cost
Employers contribute to the National Insurance Scheme (NIS), generally around 5% of gross salary for the employer share, covering pensions, sickness and other benefits.
Probation
Probation periods are commonly up to 3 months by contract.
Notice period
Notice periods and severance pay scale with length of continuous service under the Employment Act Cap. 89.
Two ways to run payroll in Grenada
Own-entity payroll
For long-term presence in Grenada. Gracemark manages statutory filings, pay runs, and year-end reporting under your entity, with a named operator on Caribbean time.
EOR-run payroll
No entity in Grenada? Employ and pay talent under Gracemark's local infrastructure via EOR, onboard in typically 1–3 weeks via eor, no local incorporation.
Compliance essentials in Grenada
- Employment model: EOR vs. contractor vs. local entity for Grenada
- Mandatory benefits, social contributions and any 13th-month obligation
- Termination rules, statutory notice and severance exposure
- Contractor misclassification risk and how local law defines employment
- Currency (XCD), payroll cycle and English-language contract requirements
Get a payroll quote for Grenada
Send your headcount and salary band. We reply with employer burden, net-to-gross, and setup timeline, no sales scripts.
Deeper guide
Hiring guide: Grenada →
Employ without entity
EOR services →
All countries
Global payroll overview →