News
It’s very close to receiving your bonus. We tell you the maximum term and the percentage that you should receive if you earn a minimum wage.
One of the most anticipated months for Colombian workers has arrived, as it is the payment of their mid-year bonus.money that is used to pay debts, travel, make repairs at home or cover different expenses.
Please note that this is a mandatory social benefit that must be paid by employers to their employees, in order to recognize and compensate their contribution to the company’s success. However, many people do not know the date on which they must be paid and the corresponding amount.
What is the deadline to pay the mid-year premium?
It is important that you know that this bonus is equivalent to one month’s salary per year worked and is paid in two parts: the first half no later than June 30 and the second half before December 20 of this year.
It is important to highlight that all workers who have worked for at least one month have the right to receive this benefit, proportional to the time worked, including domestic employees, family service drivers, daily workers and workers in the agricultural sector.
You may be interested: The Sena published teleworking offers with salaries of up to 3 and a half million
How should you calculate your June premium?
As detailed by the Ministry of Labor, the formula to calculate the service premium is the base salary for the days worked, the result must be divided by 360, if the employee works less time, he must do so by the amount worked.
That is, if you worked the first six months of the year with a minimum wage you should receive 650,000 pesos, The other amount is allocated in the middle of the year.
“The employer is obliged to pay his employee or employees, the social benefit called service premium, which will correspond to 30 days of salary per year, which will be recognized in two payments, as follows: the maximum half on June 30 and the another half no later than the first twenty days of December”, indicates article 306 of the Labor Code.
