economy
When is the last day to pay bonus 14?
Bonus 14 is part of the set of labor benefits that every worker must receive in Guatemala.
Bonus 14 is a mandatory benefit. (Photo Prensa Libre: PL Archives).
Have you not yet received your 14th bonus? The date for the payment of this benefit, which is part of the rights of workers in our country, is approaching.
Bonus 14 has been received since 1992, when the Annual Bonus Law for Private and Public Sector Workers was established (Decree No. 42-92).
The first article of the law states that bonus 14 is a mandatory benefit for all employers in both sectors. This annual bonus is equivalent to an ordinary salary or wage earned by the worker and is additional and independent of the Christmas bonus.
In the case of workers who have less than one year working in any company or public entity, they must receive a bonus proportional to the days worked. To calculate the cash to be received, apply the following formula: (Base salary x days worked) / 365. If it is a leap year like 2024, divide by 366.
When is the last day to pay bonus 14?
The third article of the aforementioned law establishes that said benefit must be paid during the first fortnight of the month of July, from which it is inferred that The last date to make payment of bonus 14 would be this coming July 15, 2024.
Likewise, if you wish to calculate your 14th bonus in a more practical way, you can calculate it online from the official website of the Ministry of Labor.
According to human resources managers, The timely payment of this bonus provides a healthy incentive for workers, as does the enjoyment of their other labor rights.
It is important that any questions you may have regarding this benefit are resolved at your workplace, either by your immediate superior or by the human resources department.
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