Doing Business 2009 - Government of Grenada

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Employing Workers in Grenada Employing workers indices are based on responses to survey questions. The table below shows these responses in Grenada. Employing Workers Indicators (2008) Answer Score Rigidity of Employment Index Difficulty of Hiring Index 21.5 44.4 Are fixed-term contracts prohibited for permanent tasks? Yes 1 What is the maximum duration of fixed-term contracts (including renewals)? (in months) No limit 0.0 What is the ratio of mandated minimum wage to the average value added per worker? 0.35 0.33 Rigidity of Hours Index Can the workweek extend to 50 hours (including overtime) for 2 months per year to respond to a seasonal increase in production? Yes 0 20.0 What is the maximum number of working days per week? 6 0 Are there restrictions on night work? No 0 Are there restrictions on "weekly holiday" work? Yes 1 What is the paid annual vacation (in working days) for an employee with 20 years of service? Difficulty of Firing Index 15 0 0.0 Is the termination of workers due to redundancy legally authorized? Yes 0 Must the employer notify a third party before terminating one redundant worker? No 0 Does the employer need the approval of a third party to terminate one redundant worker? No 0 Must the employer notify a third party before terminating a group of 25 redundant workers? Does the employer need the approval of a third party to terminate a group of 25 redundant workers? Is there a retraining or reassignment obligation before an employer can make a worker redundant? No 0 No 0 No 0 Are there priority rules applying to redundancies? No 0 Are there priority rules applying to re-employment? No 0 57
Firing costs (weeks of salary) What is the notice period for redundancy dismissal after 20 years of continuous employment? (weeks of salary) What is the severance pay for redundancy dismissal after 20 years of employment? (weeks of salary) 28.7 8.7 20.0 What is the legally mandated penalty for redundancy dismissal? (weeks of salary) 0.0 Note: The first three indices measure how difficult it is to hire a new worker, how rigid the regulations are on working hours, and how difficult it is to dismiss a redundant worker. Each index assigns values between 0 and 100, with higher values representing more rigid regulations. The overall Rigidity of Employment Index is an average of the three indices. 58
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Country Profile for Grenada
Page 3 and 4:
Current features News on the Doing
Page 5 and 6:
Economy Rankings - Ease of Doing Bu
Page 7 and 8:
Protecting Investors Director Liabi
Page 9 and 10: 1. Historical data: Starting a Busi
Page 11 and 12: 4. Benchmarking Starting a Business
Page 13 and 14: Once entrepreneurs have registered
Page 15 and 16: 3. Steps to Building a Warehouse in
Page 17 and 18: The following table shows Dealing w
Page 19 and 20: 1. Historical data: Employing Worke
Page 21 and 22: The following table shows Employing
Page 23 and 24: 1. Historical data: Registering Pro
Page 25 and 26: 4. Benchmarking Registering Propert
Page 27 and 28: Firms consistently rate access to c
Page 29 and 30: 3. Benchmarking Getting Credit Regu
Page 31 and 32: Companies grow by raising capital,
Page 33 and 34: 3. Benchmarking Protecting Investor
Page 35 and 36: Taxes are essential. Without them t
Page 37 and 38: 3. Benchmarking Paying Taxes Regula
Page 39 and 40: The benefits of trade are well docu
Page 41 and 42: 3. Benchmarking Trading Across Bord
Page 43 and 44: Where contract enforcement is effic
Page 45 and 46: 3. Benchmarking Enforcing Contracts
Page 47 and 48: The economic crises of the 1990s in
Page 49 and 50: 3. Benchmarking Closing Business Re
Page 51 and 52: Number of reforms in Doing Business
Page 53 and 54: Burkina Faso Colombia Dominica Burk
Page 55 and 56: APPENDICES Starting a Business in G
Page 57 and 58: Dealing with Construction Permits i
Page 59: Time to complete: 35 days Cost to c
Page 63 and 64: Procedure 1 Lawyer prepares title d
Page 65 and 66: Getting Credit in Grenada The follo
Page 67 and 68: Protecting Investors in Grenada The
Page 69 and 70: Paying Taxes in Grenada The table b
Page 71: Enforcing Contracts in Grenada This
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Doing Business 2009 - Government of Grenada

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