Salary Calculator
Discover your worth with SupportFinity insights to see how your base salary
stacks up, excluding benefits and stock options.
Hiring guidelines in Ecuador
Popular jobs in Ecuador
Company
Hire the best for your business
Post jobs, hire in your ATS, and create assessments with AI. All Free.
Job Seeker
What is my fair salary?
Join SupportFinity to unlock your free personalized salary estimate.
Hiring guidelines in Ecuador
Pay & taxes
Leave policy
Termination
Time-off
Additional info
Minimum Wage Requirements
The minimum wage is USD 450 per month.
Individual Income Tax
The individual income tax ranges from 0% to 37%. Income tax is calculated according to progressive rates.
Payroll Cost
The employer cost is generally estimated at 12.5% of the employee's salary during the first year of employment, and approximately 20.5% of the employee's salary during and after the second year:
- Social Security - 12.15%
- Reserve Fund - 1-month salary, calculated as 8.33% of the annual salary (paid from the second year of employment)
- 13th month salary (Christmas Bonus) - 1 month salary, calculated as 8.33% of the total salary earned between the period from December of the previous year to November of the current year.
- 14th Salary (Educational/School Bonus) - 1 monthly minimum wage (currently USD 450)
- A profit-sharing bonus - 15% of the corporate net income divided among all the company’s employees
- One-off Mandatory Wet Ink Employment Agreement Handling Fee - USD 80
Overtime Pay & Maximum Hours
Standard working hours are 8 hours per day, 40 hours per week. The standard work week is from Monday to Friday.