EOR Service in Bolivia

Hire, Onboard and Pay Employees in Bolivia Quickly and Efficiently

Hiring in Bolivia at a glance

CURRENCY
Boliviano (BOB)
working hours
48 hours per week.
public/bank holidays
10 Days
capital
Sucre
language
Spanish
date format
DD/MM/YYYY
remote workers
1.2M
tax year
Jan 1 to Dec 31
minimum hourly salary
No minimum wage
CURRENCY
Boliviano (BOB)
working hours
48 hours per week.
public/bank holidays
10 Days
capital
Sucre
language
Spanish
date format
DD/MM/YYYY
tax year
Jan 1 to Dec 31
payroll frequency
Monthly
GDP
USD 40.40 billion (2022)

Employer of Record in Bolivia

When considering business expansion in Bolivia, consider partnering with an Employer of Record (EOR). A Bolivia EOR takes on all employment responsibilities, including payroll, taxes, and compliance with local labor laws. Your company maintains control over daily employee activities, while the EOR handles legal employer duties, reducing your administrative load.


Why use Bolivia EOR?

Bolivia prioritizes employee rights in its labor laws. Navigating compliance in Bolivia is essential for employers due to factors such as minimum wages, working hours, and payroll regulations, which can change based on economic conditions and are influenced by strong labor unions through Collective Bargaining Agreements.


This differs from business-friendly countries like the USA, where labor unions have less influence, and paid time-off provisions aren't federally mandated. In Bolivia, labor unions hold significant sway, and paid time-offs are mandatory for compliance.


Partnering with a Bolivia Employer of Record (EOR) like Gloroots allows you to efficiently onboard local talent in less than a day. With one partner managing payroll, taxes, and HR operations, you streamline your processes. The Bolivia EOR ensures full compliance with local employment obligations, enabling you to focus solely on your core business operations and growth strategies.

EOR Costs in Bolivia

The cost of Bolivia EOR/PEO services in Bolivia can vary depending on several factors, including the number of employees, the scope of services required, and the complexity of the project. Typically, Bolivia EOR/PEO services follow a pricing model that includes a monthly fee per employee or a percentage of the employee's salary. Additional charges may be incurred for supplementary services or tailored solutions as needed.

Key Metrics For Foreign Employers 

Here are some key indicators from the Global Talent Competitiveness Report you might want to consider when hiring from Bolivia.

Factors Global Ranking Interpretation
Rule of law

Labour-employer cooperation

Reading Maths, and Science

University Ranking

Labour productivity per employee

Ease of finding skilled employees

Workforce with tertiary education

Digital Skills
127

128

n/a

76

93

100

80

n/a
Indicates effectiveness of law enforcement

Indicates positive labor-employee relationships

Indicates average scores in OECD's survey of 15-year-old students

Indicates average QS rankings

Indicates total output by the total labor input used to produce that output

Indicates findability of skilled talent

Indicates % of the workforce with PG degrees

Indicates the prevalence of advanced digital skills in the population

Source: The Global Talent Competitiveness Index 2022

Through the Gloroots’ Recrew platform, you can discover amazing talent in Argentina.

Why work in Bolivia ?

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Grow your team in Bolivia

Expanding your team means hiring the right people when you need them for the right jobs. In Bolivia, it's important for employers to establish a local presence to handle compliance, payroll, taxes, and benefits. Bolivia's employment regulations can be complex, making it challenging to stay compliant.

With Gloroots's global Employer of Record (EoR) service, you can let us handle payroll, taxes, benefits, and compliance, allowing you to focus on your team and growing your business.

Risks of misclassification

Misclassification is when employers incorrectly categorize their employees. This happens when employers label someone as an independent contractor or exempt them from certain employment rules and benefits, even if they should be considered as having legal rights and benefits.

Using a PEO/EOR in Bolivia helps reduce the risks associated with misclassification. It ensures compliance with labor laws, accurate classification, precise payroll processing, and access to comprehensive benefits. This allows businesses to focus on their core activities while leaving employment-related tasks to experienced professionals.

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Avoid hefty penalties with Gloroots.

Use our free employee misclassification risk calculator to estimate your risk level.

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Employing in Bolivia

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Tax

Tax and Social Security contribution:

Employer Payroll Contributions

Component Contribution Rate
Housing 2.00%
Professional Risk Premium 1.71 %
National Healthcare 10.00%
Employer Solidarity Contribution 3.00%
Total Employment Cost 16.71%

Employee Payroll Contributions

Component Contribution Rate
Long-term SSO Contribution (Disability, Old Age and Death) 10
Common Risk 1.71
Pensionary Fund Commission 0.50
Solidarity Contribution for Pension 0.50
Total Employee Cost 12.71

Employee Income tax

Component Rate
Flat Rate 13 %

Separation

Termination 

The termination procedure in Bolivia adheres to a standard set of reasons outlined in Article 16 of the General Labour Law, unless an employer can justify immediate dismissal. Notice of termination must be provided in written form and sent to the appropriate government authorities.

Severance Pay

In Bolivia, severance pay is obligatory, but the specific amount varies depending on the circumstances of termination. These circumstances include termination initiated by the employee, mutual agreement, termination without cause, and termination with cause, whether in an indefinite or fixed-term agreement. Typically, severance pay is calculated as one month's regular salary for each year of completed service.

Notice Period

Under Bolivian labor law, there is no required notice period.

Probation period

Typically, probation periods for permanent employees in Bolivia range from 1 to 3 months.

Start Hiring in Bolivia today

Expanding your global workforce involves navigating a complex landscape of regulations and compliance. Employers must ensure that every step of the hiring and onboarding process aligns with local employment laws, payroll protocols, diversity, equity, and inclusion (DE&I) standards, GDPR, and data protection requirements, among others. While setting up local entities and commencing hiring can be challenging, staying current with the ever-evolving compliance environment can be even more demanding.

At Gloroots, we simplify these challenges by providing a one-stop solution. Our in-house experts act as a protective shield against cross-border employment and payroll compliance risks. We assist you in creating employment contracts, ensuring timely payments, and delivering compliant benefits, allowing you to concentrate solely on talent screening.

Our commitment is to deliver a stress-free global employment experience for both you and your employees in Bolivia.

Are you Ready to
Experience Seamless Hiring in Bolivia ?

Let us take care of all your employment needs. We guarantee easy onboarding & compliant workforce management in Bolivia .

Speak to our Expert