Mid-year bonus: workers who will not receive payment in June

Mid-year bonus: workers who will not receive payment in June
Mid-year bonus: workers who will not receive payment in June

The date on which Colombian workers they will receive the bonus. A payment that companies make to those employees who have worked during 2024.

As explained by Ministry of Justice, “The service premium is the payment made by the employer for the economic and social benefits obtained from the worker. This benefit consists of one month’s salary for each year of work or proportional if the worker has worked less, which is paid in two installments. during the year. first in the month of June and the second during the first twenty (20) days of the month of December”.

You may be interested in: Deadline for payment of mid-year premium in Colombia

For the month of June, Colombian workers who have a contract to indefinite term or meet the conditions of a dependent employee and worked since June 1 will receive the half of his salary for the payment of the bonus.

It must be taken into account that the premium payment is made pproportionally to the time worked. Therefore, if you worked fewer days than 180, you can calculate how much you will receive with the following formula.

The formula to calculate the service premium is based on taking a person’s base salary and multiply it by 180 days, which represents half of the working year, then Divide this result by 360 days, which is the total number of days in a year. This provides the amount corresponding to the premium that the person will receive according to the law. However, not all workers will receive this payment mid-year.

Also read: Mid-year bonus: How much money will workers earning $1,300,000 a month receive?

Workers who will not receive the mid-year bonus

  • Contract to provide services
  • People who receive a full salary
  • Apprenticeship contract
  • Temporary workers
  • Independent, transitory or temporary workers

#Colombia

 
For Latest Updates Follow us on Google News
 

-

NEXT Ireland and Argentina. Hunger and technology