Hiring in Bolivia
The South American nation of Bolivia is famous for its brilliantly-preserved Inca monuments, its rich music and culture, and its stunning nature, including large swathes of rainforest. It’s also one of the most resource-laden nations in the region, with zinc, gold and lead important exports.
Bolivia’s economy is typical of Latin America, with agriculture prominent and industry emerging. It has the fastest-growing economy of any nation in South America and natural gas makes up Bolivia’s main export, which it mainly trades with neighbours Argentina and Brazil.
Workers in Bolivia still experience relatively low wages, low development in terms of employment laws and worker’s rights, but increasing employment opportunities. This is due in part to foreign investment, with natural resources the number one reason for companies, many from the US, expanding in Bolivia. An experienced Bolivia payroll partner is a necessity in Bolivia, with corruption and complex business laws still a defining factor in the labour market.
Why use TopSource Worldwide in Bolivia?
We free your teams from the burden of managing payroll across borders, working diligently to ensure a seamless process across all activities.
We’ll manage the data flow from you to every local market and will return data to you in a readable format for each of your key teams, including payroll journals if needed.
Our services combine process excellence with a human-centric approach, and our top priority is always the care and compliance of your payroll — no matter where in the world you operate.
- Leverage our experience and ensure in-country Payroll compliance.
- Reduce processing and back office time.
- Align processes, reducing complexity and risk
- A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.
- Flexibility of service — adapting to your needs, regardless of the market.
- The option to work with other providers you already have in place, if needed.
- Global HR data management and data tracking where required.
- Global payments support for both employees and authorities.
- A dedicated team and account manager so that you always have a central point of contact
What TopSource Worldwide provides in Bolivia
- Simplicity – we provide one monthly consolidated invoice for the services provided inclusive of salaries, taxes, fees and employee expenses. This reduces banking costs and your finance teams time spent.
- One point of contact – a single Account manager looking after all your Payroll.
- Compliance – all funds payable to the employee are processed through payroll. You receive monthly evidence of taxation paid to the competent authorities in country.
- All services are provided by in-country experts that are professionally qualified in their respective fields.
- Electronic payslips for all employees.
- All Statutory filing completed by TopSource Worldwide.
We appreciate each situation and business is different. That is why we offer a consultative and bespoke solution to every client. We know one size does not ‘fit all’.
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