Compliantly hire your distributed team members in
Latvia
To hire new employees in
Latvia
, 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
Latvia
while staying fully compliant with local laws and compliance.
Latvian
Euro (€, EUR)
Monthly
12 days
24%
50.9
20 days
10 days: sick leave paid by the employer; 11 days - 26 weeks: employees receive 80% of their salary, paid by social security
112 days
In many countries like
Latvia
, 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.
EUR 500 per month.
Overtime pay is required. Overtime is defined as hours worked outside of normal working hours. Overtime is limited to 8 hours per week for employees.
Overtime is not permitted to exceed 48 hours per month or 200 hours per year. Employees are paid a minimum supplement of 100% of their hourly or daily wage rate for additional hours worked.
Working hours are typically eight hours per day, 40 hours per week. Monday through Friday is the standard workweek.
Employees are entitled to 18 months of parental leave until their child reaches the age of eight. Parental leave can be taken all at once or in installments. Parental leave can be taken by either parent.
Parental leave is paid at various rates based on the following factors:
Leave taken until the child reaches the age of one year is paid at 60% of the average salary.
Leave taken by the time the child is 1.5 years old will be calculated at 43.75% of the beneficiary's average insurance contribution salary.
For all Borderless customers, employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
Terminations in Latvia can be difficult. Outside of the probation period, there is no at-will termination in Latvia, and termination must be done for just cause.
Terminations that are compliant include:
The minimum notice period in Latvia is one month and can be shortened if agreed upon in the employment contract.
Parties to an employment contract, whether for a fixed or indefinite period, can agree on a probationary period (Section 46 and following of the Labour Law). A probationary period can last up to three months. Persons under the age of 18 are not subject to a probation period. When the contracted term of a probation period expires and the employee continues to perform the work, the probation period is considered completed (Section 47 (2) of the Labour Law).
In Latvia, all employees who are terminated for the following reasons are entitled to severance pay:
The length of employment will determine severance pay:
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.
