A person working in Purchasing and Inventory in Bolivia typically earns around 8,250 BOB per month. Salaries range from 3,050 BOB (lowest average) to 15,900 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 Purchasing and Inventory careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|Asset Management Associate||7,760 BOB|
|Asset Protection Associate||7,310 BOB|
|Asset Protection Specialist||7,930 BOB|
|Assistant Buyer||7,200 BOB|
|Capacity Planner||8,520 BOB|
|Category Manager||9,410 BOB|
|Channel Services Representative||8,390 BOB|
|Contracts Manager||9,400 BOB|
|Contracts Specialist||8,070 BOB|
|Demand Planner||8,350 BOB|
|Demand Planning Manager||10,100 BOB|
|Distribution Assistant||7,110 BOB|
|Distribution Manager||14,400 BOB|
|Inventory Control Clerk||4,040 BOB|
|Inventory Control Manager||10,500 BOB|
|Inventory Management Associate||7,920 BOB|
|Inventory Specialist||7,290 BOB|
|Logistics Engineer||6,840 BOB|
|Master Planner||7,230 BOB|
|Material Handler||4,490 BOB|
|Material Planning Specialist||6,520 BOB|
|Merchandise Manager||8,920 BOB|
|Procurement Administrator||9,230 BOB|
|Procurement Agent||6,170 BOB|
|Procurement Analyst||9,630 BOB|
|Procurement Clerk||3,790 BOB|
|Procurement Engineer||7,460 BOB|
|Production Planner||8,300 BOB|
|Project Buyer||9,420 BOB|
|Purchasing Assistant||4,010 BOB|
|Purchasing Manager||16,200 BOB|
|Purchasing Supervisor||9,920 BOB|
|Shipping and Receiving Clerk||3,840 BOB|
|Shipping Coordinator||7,210 BOB|
|Stock Clerk||4,240 BOB|
|Stock Regulator||4,530 BOB|
|Storage Manager||9,610 BOB|
|Store Keeper||3,960 BOB|
|Stores and Logistics Coordinator||7,630 BOB|
|Supply Chain Analyst||11,100 BOB|
|Supply Chain Coordinator||8,250 BOB|
|Supply Chain Development Manager||13,600 BOB|
|Supply Chain Manager||16,300 BOB|
|Supply Planner||7,860 BOB|
|Warehouse Assistant||3,190 BOB|
|Warehouse Clerk||3,300 BOB|
|Warehouse Executive||13,600 BOB|
|Warehouse Lead||8,860 BOB|
|Warehouse Manager||13,500 BOB|
|Warehouse Supervisor||9,210 BOB|
|Wholesale Buyer||11,400 BOB|
Purchasing and Inventory salaries in Bolivia range from 3,050 BOB per month (minimum average salary) to 15,900 BOB per month (maximum average salary, actual maximum is higher).
The median salary is 8,910 BOB per month, which means that half (50%) of people working in Purchasing and Inventory are earning less than 8,910 BOB while the other half are earning more than 8,910 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.
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 Purchasing and Inventory are earning less than 5,380 BOB while 75% of them are earning more than 5,380 BOB. Also from the diagram, 75% of people working in Purchasing and Inventory are earning less than 13,400 BOB while 25% are earning more than 13,400 BOB.
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
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.
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.
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.
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.
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.
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 Purchasing and Inventory earn 10% more than their female counterparts on average.
Purchasing and Inventory professionals in Bolivia are likely to observe a salary increase of approximately 5% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
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.
Purchasing and Inventory 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.
61% of surveyed staff in Purchasing and Inventory reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
The average salary for Purchasing and Inventory is 3% less than that of All Jobs.
|La Paz||8,900 BOB|
|Santa Cruz||9,160 BOB|
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.