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Human Resources Average Salaries in Bolivia 2022

How much money does a person working in Human Resources make in Bolivia?


Average Monthly Salary
8,070 BOB
( 96,800 BOB yearly)

LOW
3,430
BOB
AVERAGE
8,070
BOB
HIGH
14,000
BOB

A person working in Human Resources in Bolivia typically earns around 8,070 BOB per month. Salaries range from 3,430 BOB (lowest average) to 14,000 BOB (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Human Resources careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Benefits Administrator5,630 BOB
Benefits Analyst6,920 BOB
Benefits Manager10,900 BOB
Chief People Officer14,700 BOB
Compensation Analyst6,600 BOB
Compensation and Benefits Manager11,700 BOB
Compensation and Benefits Officer4,470 BOB
Compensation Manager11,400 BOB
Corporate Director of Human Resources13,900 BOB
Corporate Trainer6,640 BOB
Employee Benefits Administrator8,140 BOB
Employee Communications Manager9,400 BOB
Employee Development Specialist9,220 BOB
Employee Engagement Specialist9,160 BOB
Employee Health and Wellness Administrator8,660 BOB
Employee Performance Specialist7,070 BOB
Employee Relations Manager10,200 BOB
Employee Relations Practitioner10,000 BOB
Employee Services Manager9,440 BOB
Employment Advice Worker4,600 BOB
Employment Interviewer6,750 BOB
Employment Service Specialist5,700 BOB
Employment Services Coordinator6,270 BOB
Enrollment Counselor8,700 BOB
Equal Opportunity Representative6,950 BOB
Executive Human Capital Management13,700 BOB
Executive Recruiter9,240 BOB
Expatriate Administration Manager9,990 BOB
Expatriate Administration Supervisor6,320 BOB
Global Mobility Manager12,400 BOB
Headhunter9,250 BOB
Health Benefits Coordinator5,410 BOB
HRIS Analyst5,080 BOB
HRIS Manager8,240 BOB
HRIS Supervisor4,860 BOB
Human Resources Administration Specialist5,200 BOB
Human Resources Administrator5,890 BOB
Human Resources Advisor9,130 BOB
Human Resources Analyst7,940 BOB
Human Resources Assessor4,940 BOB
Human Resources Assistant Manager9,880 BOB
Human Resources Associate3,820 BOB
Human Resources Consultant10,300 BOB
Human Resources Data Analytics Manager7,870 BOB
Human Resources Generalist7,060 BOB
Human Resources Manager12,700 BOB
Human Resources Officer5,100 BOB
Human Resources Representative5,300 BOB
Human Resources Section Head8,930 BOB
Human Resources Superintendent5,070 BOB
Human Resources Training Executive9,920 BOB
Industrial Organizational Psychologist12,300 BOB
Job Evaluation Specialist9,300 BOB
Labor Relations Director10,900 BOB
Labor Relations Manager11,200 BOB
Labor Relations Specialist5,030 BOB
Learning and Development Manager11,900 BOB
Occupational Health and Safety Officer5,280 BOB
Organizational Development Consultant10,100 BOB
Organizational Development Manager11,500 BOB
Organizational Development Specialist5,760 BOB
Payroll Assistant4,510 BOB
Payroll Supervisor5,490 BOB
People Development Officer6,930 BOB
Personnel Officer4,040 BOB
Records Clerk3,620 BOB
Records Manager5,480 BOB
Recruiter9,810 BOB
Recruiting Coordinator4,850 BOB
Recruiting Manager12,500 BOB
Recruitment Consultant9,440 BOB
Recruitment Officer4,950 BOB
Recruitment Supervisor8,130 BOB
Research Associate4,530 BOB
SAP Resource Manager10,200 BOB
Talent Acquisition Specialist7,620 BOB
Talent Management Officer5,960 BOB
Training and Development Section Head9,420 BOB
Training Executive11,000 BOB
Training Officer4,900 BOB

Human Resources Jobs Salary Distribution in Bolivia

Median and salary distribution monthly Bolivia Human Resources
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The median, the maximum, the minimum, and the range

  • Salary Range

    Human Resources salaries in Bolivia range from 3,430 BOB per month (minimum average salary) to 14,000 BOB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 8,070 BOB per month, which means that half (50%) of people working in Human Resources are earning less than 8,070 BOB while the other half are earning more than 8,070 BOB. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Human Resources are earning less than 5,170 BOB while 75% of them are earning more than 5,170 BOB. Also from the diagram, 75% of people working in Human Resources are earning less than 11,000 BOB while 25% are earning more than 11,000 BOB.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Bolivia costs anywhere from 42,600 Boliviano(s) to 128,000 Boliviano(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Human Resources Salary Comparison By Gender

Salary comparison by gender monthly Bolivia Human Resources
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Bolivia who work in Human Resources earn 5% more than their female counterparts on average.

Male
8,250 BOB
Female-5%
7,850 BOB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bolivia for all Careers

Salary comparison by gender monthly Bolivia
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Human Resources Average Annual Salary Increment Percentage in Bolivia

How much are annual salary increments in Bolivia for Human Resources professionals? How often do employees get salary raises?

Human Resources

Human Resources professionals in Bolivia are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bolivia Human Resources
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Bolivia / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Bolivia is 2%.

Annual Increment Rate By Industry 2021

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Bolivia for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Human Resources Bonus and Incentive Rates in Bolivia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bolivia Human Resources
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Human Resources is considered to be a moderate bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

65% of surveyed staff in Human Resources reported that they haven't received any bonuses or incentives in the previous year while 35% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
35%
No Bonus
65%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Human Resources Hourly Average Wage in Bolivia


47 BOB per hour

The average hourly wage (pay per hour) in Bolivia is 47 BOB. This means that the average person in Bolivia earns approximately 47 BOB for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Human Resources VS Other Jobs

Salary Comparison Between Human Resources and Human Resources monthly Bolivia
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The average salary for Human Resources is 5% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Cochabamba8,480 BOB
La Paz8,700 BOB
Oruro8,250 BOB
Potosi7,530 BOB
Santa Cruz8,950 BOB
Sucre7,900 BOB

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Bolivia earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
7,930 BOB
Public Sector+17%
9,290 BOB
Percentage increase and decrease are relative to the previous value

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