Compliantly hire your distributed team members in
Bosnia and Herzegovina
To hire new employees in
Bosnia and Herzegovina
, your business must have a local legal entity or an Employer of Record like Borderless in place already. Then there’s the management of local employment compliance, taxes, benefits, payroll, and more. Hiring contractors poses similar challenges.
Borderless handles all of that for you, so you can focus on getting to work with your new team member in
Bosnia and Herzegovina
while staying fully compliant with local laws and compliance.
Bosnian, Croatian, Serbian
Bosnia and Herzegovina convertible mark (KM, BAM)
Monthly
22 days
10.50%
31.1
20 days
5 days
1 year
In many countries like
Bosnia and Herzegovina
, the treatment of employees and contractors is different. If you misclassify a new team member, you could be subjected to penalties and fines. Let Borderless get this right for you, so you don’t have to worry.
BAM 596 per month in the Federation of Bosnia and Herzegovina; BAM 700 in Republika Srpska
Standard working hours are 8 hours per day, 40 hours per week.
There is no additional pay detail for Bosnia and Herzegovina.
On or before the last working day of the month, all employee payments will be made in equal monthly installments and will be paid in arrears.
Federation of Bosnia and Herzegovina
10%: Flat rate
Termination of employee agreement requires a written notice and a just cause.
The minimum notice period is 14 days and the maximum notice period is 3 months.
The maximum probation period in Bosnia and Herzegovina is 3 months.
Severance pay must be paid out when the employer terminates the employment agreement after the employee has been employed for 2 consecutive years and when the employment agreement was set for an indefinite time period.
Severance pay cannot be less than 1/3 of the employee's monthly salary for each year of employment.
When the world is your competition, it pays to incentivize new hires and existing alike. Borderless benefits packages typically include:
Book your demo of Borderless to help you hire, pay, and take care of new employees and contractors in 170+ countries.
