Recently in Sri Lanka, there has been an active development of the work culture. The government has improved minimum wages, vying for foreign investments and ensuring decent conditions.
Work hours for office-goers and labour are different. Normally, an office-worker would put in about 8 hours, from 8.30 a.m. to 4.30 p.m. from Monday to Friday. Banks work from 9 a.m. to 3 p.m. The shops and markets are in full swing between 10 a.m. and 7 p.m.
The Sri Lankan government has set a minimum wage of Rs. 10, 000 per month for workers in any industry, field, etc. The manual labour wages are fixed at Rs. 400 per day. To find out and compare average salaries available in different job profiles and for details, check: wageindicator.org/main/salary/minimum-wage/sri-lanka or www.paylab.com/LK/salaries.
A contract would decide the benefits due to the employee, the employer's responsibilities towards the employee, and what would be the period of notice in case either party goes for termination of employment, etc.
There can be different types of employments: seasonal, apprentice, casual, etc. and these would have to be taken into consideration for building a contract.
Any new employee would have to work initially for a probationary period, which would have a different set of benefits and rules. After this is over, the confirmed work terms would be much improved and would continue.
Period of termination are worked out in the contract which is signed between the worker and his employer. Usually, if a person wishes to quit prior to completion of probation, the length of notice-period would be shorter and less obligatory than if he has been confirmed.
The workforce in Sri Lanka has a set scheme of paid leave, casual leave, sick leave, and annual vacation time. For the exact breakup, the HR of your organisation will advise you upon joining.
Within the country, Sundays are off and on every full moon day, it is a Poya holiday. Muslim establishments would have weekly days off on Fridays.
Certain national holidays are fixed for all, such as the Sinhalese New Year, National Day, and Thaipongal.
Example of Public Holidays in Sri Lanka:
Day | Date | Holiday |
Monday | January 01 | Duruthu Full Moon Poya |
Sunday | January 14 | Tamil Thai Pongal Day |
Monday | January 15 | Tamil Thai Pongal Day Holiday |
Wednesday | January 31 | Navam Full Moon Poya |
Sunday | February 04 | National Day |
Monday | February 05 | Special Bank Holiday |
Tuesday | February 13 | Maha Shivratri |
Thursday | March 01 | Madin Full Moon Poya |
Friday | March 30 | Good Friday |
Saturday | March 31 | Bak Full Moon Poya |
Friday | April 13 | Sinhala and Tamil New Year Eve |
Saturday | April 14 | Sinhala and Tamil New Year |
Friday | April 20 | Half Day Special Bank Holiday |
Sunday | April 29 | Vesak Full Moon Poya |
Monday | April 30 | Vesak Full Moon Poya Holiday |
Tuesday | May 01 | May Day |
Tuesday | May 29 | Adi-Poson Full Moon Poya |
Friday | June 15 | Idul Fitr |
Wednesday | June 27 | Poson Full Moon Poya |
Friday | July 27 | Esala Full Moon Poya |
Wednesday | August 22 | Idul Adha |
Saturday | August 25 | Nikini Full Moon Poya |
Monday | September 24 | Binara Full Moon Poya |
Wednesday | October 24 | Vap Full Moon Poya |
Tuesday | November 06 | Deepavali |
Tuesday | November 20 | Milad-un-Nabi |
Thursday | November 22 | Ill Full Moon Poya |
Saturday | December 22 | Unduvap Full Moon Poya |
Tuesday | December 25 | Christmas Day |
Update 22/07/2018
If you want to move money abroad, from Sri Lanka or to Sri Lanka for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Fexco will help you to keep your overseas money transfer costs to a minimum.
Margin | 0.6% |
---|---|
Regulator | FCA |
Fee | £10 < £5K or Free > £5k |
Mini | £1K |
Ccy | All (130 currencies, incl ‘exotics’) |
Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.