Ecuadorians are getting ready to enjoy a new day of mandatory vacation. It is about Friday, August 11, the commemoration of the First Declaration of Independence.
Although this event took place on August 10, 1809, the Holidays Act stipulates that the remainder be transferred to Friday if it falls on a Thursday.
The date commemorates the fact that a group of rebels in Quito formed a temporary government junta in support of the deposed King of Spain, Fernando VII. Several historians debate whether this meant the starting point for the light of South American independence, giving Quito the stamp of “Light of the Americas,” or whether it was just an autonomous fact.
August 10, 2023 holiday: what is celebrated and what to do?
As established in the fourth point of Article 55 of the Ecuadorian Labor Code, “work to be performed on Saturdays or Sundays must be paid with a 100% surcharge.” This includes days off, such as holidays.
To calculate how much you should be paid per hour, if you have a dependent job, you need to divide the value of your salary by 240 (working hours per month). The result of this operation is its value per hour of work in an ordinary day. Now there is a 100% surcharge on holidays, so the value of a regular hour must be multiplied by 2.
If you earn a base salary of $450, you must divide this value by 240 hours, resulting in $1.87 (value per hour on a typical day); then multiply that by 2, and the value of one hour on a holiday would be $3.75.
Source: Eluniverso
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
