Everything you need to know about the Christmas bonus

by Susana Cohen Cats
Founding partner of Cohen Abogados legal and legal advice on regulatory and normative law. Twitter: SusanaCohen_

The long-awaited moment of receiving our bonus as a result of our effort and work during the year is approaching, so it is important to be well informed to receive what is fair.

What is it?

Many times we tend to see it as a bonus or extra income, there may even be those who come to consider it a “noble” or “good vibes” gesture by their employers or the company where they work, however, we must know that the bonus is an annual benefit and that every worker is entitled to it.

The Law states that workers will be entitled to an annual bonus that must be paid before December 20 of each year, and this consists of a payment of at least fifteen days of salary, including workers who have not fulfilled the year of service, regardless of whether or not they are working on the date of payment of the bonus, they are entitled to be paid a proportional part of it according to the time they have worked.

In the case of workers in the service of the State, the Christmas bonus corresponds to 40 days of base salary.

How is the bonus amount calculated?

To calculate its amount, the daily base salary is taken into account (the integrated salary is not taken into account, which is the one that accumulates the base salary plus the various benefits that the worker has) and this salary is multiplied by the number of days that The employer will give his employer a Christmas bonus, a minimum of 15 days.

The base salary, in turn, is calculated by dividing the monthly payment by 30, which is the number of days in the month. Let’s take the example of a person who worked all year, earns $6,000.00 pesos per month, and his employer will give him a 20-day bonus:

6000÷30= 200 This is your daily base salary so it is multiplied by the number of days of bonus.

200 x 20 = $4,000.00 Four thousand pesos is what this worker would receive as a bonus.

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