In the month of Julybefore National Holidayscompanies are required to pay the bonus to all their employees, whether full-time or part-time. This economic benefit generates many questions among employees, who want to know how much they will receive and how to calculate the corresponding amount in order to organize their finances.
In this note we offer you a detailed guide and a calculator to obtain a reference for the first payment of this year’s bonus. In addition, we will answer the most common questions about this labor right.
How do I calculate the bonus I will receive in July 2024?
To calculate the gratificationIt is essential to note that this amount is additional to the monthly salary. It is based on the computable remuneration in effect until June 30 and considers the months worked by the employee. This period may vary depending on the time the employee has been with the company. In addition, an extraordinary bonus of 9% is included, resulting in the final payment of the bonus for the month of July.
If a worker has been employed for less than one month before June 30, he or she is not eligible to receive the bonus. The regulations stipulate that a full month of work must have been completed to be entitled to this payment. Therefore, it is crucial to review the accumulated working time up to that date in order to make the correct calculation.
Gratuity: Until what day can I receive payment?
The bonus payment must be made within the first 15 days of July. Each company is responsible for planning and executing this payment within the established period.
The last day to make this payment into employees’ accounts is Monday, July 15. It is important for employees to keep an eye on this date to ensure they receive the benefit on time.
July 2024 bonus: what happens if I don’t get paid on time?
The payment of bonuses is regulated by law, and failure to do so leads to penalties for companies. Failure to make payment within the stipulated period constitutes a labour violation. Fines for this failure vary depending on the category of the company.
For a small business, fines range from S/ 2,227 to S/ 22,275. In the case of companies not considered MYPE, fines can reach up to S/ 129,294. These penalties seek to ensure that workers receive their bonuses in accordance with the regulations.
Which workers will not receive bonuses in 2024?
There are exceptions to eligibility for the bonus. Employees who receive an annual full remuneration under agreement are not entitled to this benefit.
. Likewise, workers in micro and small businesses (MYPE) hired after the company was registered in the Registry of Micro and Small Enterprises (Remype) are not eligible. Finally, independent workers who provide services as landlords also do not receive gratuity.
How many bonuses are there per year?
In Peru, workers receive two bonuses per year. These bonuses are payments in addition to their regular salary and are linked to two important celebrations:
- July bonus: paid within the first 15 days of July, in commemoration of the National Holidays.
- sDecember Bonus: It is paid within the first 15 days of December, coinciding with the Christmas holidays.
These bonuses are a labor right stipulated by Peruvian law and are intended to provide an additional economic benefit to workers on these special dates.
Source: Larepublica
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