Employer cost calculator Barbados 2026

Each salary you pay in Barbados costs you 12.75% more in NIS on earnings up to the ceiling, plus 0.25% for the Resilience and Regeneration Fund. Enter the gross salary to see what one worker, or a whole team on the same pay, costs per month and per year.

Small business owners use this to price a new role before advertising it, and to check the payroll bill before the monthly NIS payment.

How it's calculated

Employer NIS: 12.75% of the salary, counted up to Bds$5,360 a month.
Resilience and Regeneration Fund: 0.25% of the full salary.
Monthly cost: salary plus both contributions. The yearly figure multiplies it by 12.

An example

For a salary of Bds$4,500 a month you add Bds$573.75 in employer NIS and Bds$11.25 for the fund. The worker costs you Bds$5,085 a month, or Bds$61,020 over a year.

Frequently asked questions

What does the employer NIS rate cover?

The NISSS table for private sector employers lists National Insurance 6.75%, Non-Contributory 2%, Unemployment 0.75%, Employment Injury 0.75%, Severance 0.5%, Training Levy 0.5% and the Health Service Contribution 1.5%, which add up to 12.75%.

Does the employer stop paying NIS above the ceiling?

Yes for NIS, which is charged only up to Bds$5,360 a month. The Resilience and Regeneration Fund has no ceiling.

Does this include holiday pay or bonuses?

No. It covers the salary and the statutory contributions only. Holiday pay, overtime and any bonus add to the cost on top of this.

Key terms

Employer contribution: The share of NIS the business pays on top of the salary.
Severance levy: The 0.5% of insurable earnings that only the employer pays, listed in the NISSS table as Severance.
Payroll: The total wages and contributions a business pays in a period.