YEAR-END BONUS INCREASES STARTING 2014.

Last July 9, Decree 399 was published on the Official Gazette, amending Article 198 of the Labor Code of El Salvador. Such Decree increases, starting 2014, the amounts for the premium calculation of year-end bonuses given to all employees at the end of each year, as follows:

 

Time working for the Company

Before 2014

From 2014

From 1 year to less than 3 years Year-End Bonus equivalent to 10 days salary Year-End Bonus equivalent to 15 days salary
3 years to less than 10 years Year-End Bonus equivalent to 15 days salary Year-End Bonus equivalent to 19 days salary
10 years or more Year-End Bonus equivalent to 18 day salary Year End Bonus equivalent to 21 days salary

 For further information please contact:

Francisco Martínez
Labour Law Unit Head
fmartinez@romeropineda.com

 

 

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