Ecuador
Make employment in Ecuador easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Ecuador, all in one easy-to-use platform.
- Capital City
Quito
- Currency
United States Dollar ($, USD)
- Languages
Spanish
- Population size
17,300,000
Employment termination
Termination process
Employee contracts can be terminated if a reasonable just cause is established, such as dishonesty, negligence, fraud, or any other work-related offences. That aside, notice should be provided in advance – provided both parties agree to it.
Notice period
There is no notice stipulated notice period and employers are only required to adhere to whatever agreement spelled out in the employment contract.
Severance pay
Without the appropriate termination notice, employees are entitled to receive a severance package equivalent to one month’s salary multiplied by the number of years the worker has stayed with the employer, up to 25 years.
Probation periods
A probationary period can be defined upon hiring an employee, up to a maximum of 90 days.