Bolivia
Make employment in Bolivia easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Bolivia, all in one easy-to-use platform.
- Capital City
La Paz
- Currency
Bolivian boliviano (Bs, BOB)
- Languages
indigenous languages and Spanish
- Population size
11,428,245
Employment termination
Termination process
Employees can be terminated without advance notice for just cause, such as exposure of trade secrets, negligence, fraud, etc., but if there is no justifiable reason, the employee can either demand a severance or demand reinstatement.
Severance pay
Faced with an unjustified termination, an employee can either demand reinstatement or accept a severance package equivalent to three month’s wages.
Probation periods
Probation periods can be between 30 days up to a maximum of 90 days, during which an employer can dismiss an employee for unsatisfactory performance.