Bermuda Job Terms and Conditions

Job offers including terms and conditions in Bermuda varies from one employer to the other, and also depends on the position of the job and the industry. However, a lot of those can often be negotiated in advance in your favor. Good employers in Bermuda can be quite generous and support some of your one time as well as fixed costs, some of which can be very high. While other employers may not do so. 
Living cost in Bermuda by the way is one of the highest in the world. It is almost 4 times that of US, near 3 times of Canada and 2 times of UK. So an apparently high salary offered by an employer in Bermuda plus enticements like no direct tax (like income tax) can often be quite misleading. You will end up spending a lot in form of indirect taxes, house rents, car license, gas, electricity and even on food and other basic living essentials. 
Unless you negotiate well with the terms and conditions of your employment, much of these high costs would be passed on to you. And your salary will soon look like far less realistic that what you thought. Here are the job terms that you should negotiate well with any Bermuda employer: 
Bermuda travel cost 
Who should bear your travel cost to Bermuda? In most cases the employer in Bermuda does. I don't think it's worth considering an employer who does not do this. The next question is whether your return fare is paid for, and how many times a year? If you take a vacation and go back to your home country, in some cases the employer pays for the return airfare for your vacation travel as well. 
Travel cost for families 
If you have a family, who pays for the return airfare of your spouse and children, including their travel back home during your vacation time? Good employers agree to fund the trips for families as well. You should also ask for any one time relocation cost (carrying and forwarding) that you will incur while moving to Bermuda. Some employers fund that. 
Bermuda customs duty 
All your belongings that you bring to Bermuda including laptops, cameras etc. will be charged a 25% customs duty (see Bermuda customs duty). Used clothes and books are exempted. Even all the household stuff that you bring through freight by sea or air are also charged the same customs duty. You should ask your employer to bear this cost or a part of it. 
Initial housing in Bermuda 
Most employers will arrange for an initial accommodation for you and your family generally for three months. Sometimes they put you up in a small hotel. However, good employers arrange and pay for this initial accommodation. You are expected to find a house or apartment rental for permanent accommodation within this period. 
Permanent accommodation in Bermuda 
House or apartment rentals in Bermuda vary widely and generally far more expensive than US or UK. A one-room apartment can be about $2500 a month and an upscale ocean facing 3-bedroom house rental can go well over $15,000 a month. Generally an employer should provide house rent allowance in addition to your salary.  
However the question is how much. Best employers cover the full rent. Many do it partially and up to a certain percentage of your salary (20% or so). A public sector employer should subsidize any rental amount above 25% of your monthly gross salary. You should negotiate house rent allowance with your employer as this is one of the major recurring costs in Bermuda and can be easily 30% of your salary. 
Car and license fee in Bermuda 
Will your employer provide a car and car allowance. The annual license fee for cars in Bermuda is the highest. It is to the tune of $500 for mid size cars and much higher for heavy vehicles. Ask your employer to bear this cost. Also the petrol (gasoline) cost is 3 times more than in US and Canada, almost same as in UK. Some employers provide car fuel allowance. 
Electricity cost in Bermuda 
Electricity cost in Bermuda can be 3 times than in the US or Canada. Some companies offer this. 
Medical coverage 
All employers are supposed to cover you and your spouse and children under some health insurance scheme by law. Any insurance from your own home country will not work in Bermuda. You should understand the coverage of the medical insurance that your employer provides in Bermuda. Check whether all the major medical are covered in the scheme and who pays for it. Many good employers provide full coverage at their cost. Some provide basic coverage for the first year and comprehensive coverage after one year. 
Raj is an avid traveler and a full-time travel blogger. He has traveled to numerous countries across the world and loves to keep travelling. His mission here is to help viewers like you visiting Bermuda or seeking insights into related matters with the most comprehensive content compared to any other online resources. Since years now he has been helping countless viewers by posting quality articles on this website, answering questions and sharing experiences. Launched in 2008, this website is Bermuda's leading source of online information since many years. 

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