CALCULATION OF EMPLOYMENT BENEFITS - PART 1

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AFFAN Academia

Published on Mar 18, 2022
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#SeriesAFFAN #CALCULATIONSANDNUMBERS Chapter 1: CALCULATION OF WORK BENEFITS - PART 1 OVERTIME, BONUS AND ANNUAL BONUS WHAT ARE THE NON-WAIVABLE BENEFITS? 1. EXTRA SALARY FORMULA FOR DAILY SALARY FORMULA FOR HOURLY SALARY FORMULA FOR EACH OVERTIME HOUR FORMULA TO CALCULATE EXTRA SALARY TO BE PAID HOW IS EXTRA SALARY CALCULATED? 2. BONUS WHAT IS THE BONUS? Additional bonus that the employer is obliged to grant to its workers annually; equivalent to one hundred percent of the ordinary monthly salary or wage they earn for one year of continuous service or proportional if the time is not met. WHEN IS THE BONUS PAID? Fifty percent must be paid in the first fortnight of December and the remaining fifty percent in the second fortnight of the following January. However, it could be paid in December by custom or voluntarily. HOW IS THE PROPORTIONAL BONUS CALCULATED? 3. ANNUAL BONUS FOR PRIVATE AND PUBLIC SECTOR WORKERS (BONUS 14) WHAT IS THE ANNUAL BONUS FOR PRIVATE AND PUBLIC SECTOR WORKERS? (BONUS 14) WHEN IS THE “BONUS 14” PAID? One hundred percent must be paid during the first fortnight of July of each year. HOW IS THE PROPORTIONAL “BONUS 14” CALCULATED? Follow us on our Social Networks FB @affanprivados ???? / affanprivados IG @affangt ???? / affangt If you are interested in any of our courses, leave us your information and we will contact you to provide you with more information: https://forms.gle/iSku3D97sYYRRbhK6 Remember that you have AFFAN!

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