Compliantly hire your distributed team members in
Venezuela
To hire new employees in
Venezuela
, 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
Venezuela
while staying fully compliant with local laws and compliance.
Spanish
Venezuelan Bolívar (VEF)
Monthly
15 days
15.75% – 27%
$$ (#75 of 140, 2023)
15 (plus one day for each year of service up to 30)
3 days
26 weeks
In many countries like
Venezuela
, 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.
The minimum wage in Venezuela is 130 VEF per month.
The standard workweek in Venezuela is 40 hours per week or 30 hours for employees 18 and under. Max number of overtime hours an employee can work is 10 per week or 100 per year and these hours are paid at 150% of normal base pay.
Thirteenth month pay is mandatory and payable at year-end.
Bi-weekly or monthly.
15.75% – 27% (Source)
6%
Will vary depending on employment or collective agreement in place.
No minimum, will vary by employer and will be outlined in contract.
There is no probation period in Venezuela.
There is no severance pay in Venezuela.
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.
