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Benefits Guide
Employing in Bolivia
Bolivia’s Labor General Law of 1942 (Ley General del Trabajo) spells out provisions guiding minimum wage rates, employee protections, workers’ rights, and labor relations across Bolivia.
Employees in Bolivia enjoy protections against discrimination based on age, religion, sexual orientation, gender expression, and race.
Common questions that could come up during the hiring process include minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Bolivia.
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The minimum wage in Bolivia is B$2,750 per month. The government typically issues adjustments every year around May.
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For customers of Remote, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
A 13th month salary payment is required at the end of the year and this payment is equivalent to one month’s pay.
A 14th month salary is also mandatory, but only if the Gross domestic product of the country is over 4.5%. This will be known usually in July of every year and eventually the 14th salary will be paid in December.
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We can help you get a new employee started in Bolivia fast. The minimum onboarding time we need is 15 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
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11 Public holidays
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Grow your team in Bolivia with Remote
Want to employ workers in Bolivia? Companies hiring in Bolivia are typically required to either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country.
Remote can employ team members in Bolivia and keep you compliant. Remote can hire, onboard, and pay your Bolivia team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Bolivia. Sign up now to get started or talk to an expert for more details.
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Bolivia, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Bolivia may lead to fines and penalties for the offending company.