The July bonus is a benefit labor which is given to workers as recognition for the first half of the year. This additional payment, regulated by the Law No. 27735It takes place twice a year, in July and December, and is especially anticipated during the Fiestas Patrias, when many families take advantage of this extra income for various expenses.
Both employers and employees must be aware of the regulations governing this benefit, to ensure proper compliance and avoid possible conflictsThe maximum period for payment of the bonus, the consequences of non-compliance and the method for calculating the amount that each worker should receive in July 2024 are detailed below.
What is the last day for payment of the bonus?
Under current laws, employers have until July 15th 2024 to make the payment of the July bonus effective. This deadline is established by Law No. 27735 and must be met by all companies. The objective of this deadline is to ensure that workers receive their bonus on time, allowing them to have this additional income during the Fiestas Patrias.
Failure to pay on time may result in sanctions for employers, including fines and penalties imposed by the authorities. In addition, workers have the right to file complaints with the National Superintendence of Labor Inspection (Sunafil) if they do not receive their reward within the established period.
July 2024 bonus: what happens if my company does not pay me the bonus on time?
If a company fails to pay the July 2024 bonus within the stipulated time frame, it faces several legal consequences. First, it may be subject to financial penalties by the Ministry of Labor and Employment Promotionwhich may impose fines proportional to the seriousness of the breach and the number of workers affected.
In cases of delay, the company may also be forced to pay interests by Blackberrycalculated from the day after the deadline until the date on which payment is made. These mechanisms aim to ensure that workers receive their full and timely bonuses, thus guaranteeing their labour rights.
2024 Bonus: Here’s how to calculate how much you’re owed
Calculate the amount of the gratification The July payment period is a process that depends on several factors, mainly the monthly salary of the worker and the time worked during the corresponding semester. According to the Law No. 27735The basic calculation of the bonus consists of taking the monthly salary and dividing it by six, then multiplying this result by the months worked in the semester.
To calculate the bonus quickly, La República provides the following calculator:
What is gratification?
The gratification It is an economic benefit that employers must pay their workers twice a year, in July and December, as recognition for their work. This additional payment is regulated by Law No. 27735 and corresponds to an extra remuneration that seeks to financially support employees during important periods such as the National Holidays and Christmas. The bonus is calculated based on the monthly salary and the time worked during the corresponding semester, and includes an additional bonus of 9% or 6.75% on the total amount.
Source: Larepublica
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