Post by shahadat650 on May 18, 2024 5:48:15 GMT
Benefit, intended to provide financial assistance to employees who need urgent help. This advantage is not a mandatory concession, but a benefit that is conducive to retaining talent. In general, agreements related to advance wages are concluded through collective agreements, union agreements, and the only law that mentions this form of payment is art. 1, which states: The employer is prohibited from making any deductions from the employee's salary, unless they are due to advance payments, legal provisions or collective agreements. The calculation of advance wages includes: wages; advance percentage, up to which; working days; number of days in the month. The calculation formula is as follows: the salary multiplied by the maximum advance percentage, divided by the number of days in the month and multiplied by the number of working days. The result obtained will refer to the value of the advance payment. Taking into account that the salary is, the formula is: Reais Reais How to calculate advance leave Calculating the vacation advance is very simple and the amount must be received two days before the start of the vacation.
This amount plus the number of days for which remuneration is payable is generally 10 days plus this amount. This amount must include, if applicable, additional overtime pay, night shift pay, unhealthy work, hazardous work, and any other additional amount on top of the basic salary. And, if the worker chooses to sell days of rest, ⅓ of the vacation must be added as a cash bonus. Considering that the salary i Guatemala Email List s in reais, the traditional vacation calculation without additional value would be: ⅓ of reais Vacation advance Is this advance deducted later? Vacation advance represents the advance that the employee is entitled to on the payroll, and the calculation must include mandatory deductions, such as income tax, loans, etc. If the employee's salary becomes negative due to a discount that appears on the payroll after the vacation advance, the company may deduct this amount days later, since the employee will have no balance when he returns from vacation.
Did the labor reform change the rules of advance leave? Considering that rest time is a measure to protect workers, the Labor Reform Law No. 1 did not change the right to advance leave. However, some rules were implemented when granting leave to improve the possibility of dividing rest time. Before the reform, the leave was divided into only 10 equal periods, now employees can choose to divide the leave into 10 parts: one period lasting more than 20 days and another two periods lasting more than 20 days. Conclusion Vacation advance is a worker's right, which must be paid two days before the beginning of the rest period and involves receiving an amount corresponding to the vacation pay, rather than the possibility of taking paid leave in advance. Carrying out the vacation calculation, although simple, must be done carefully so that all income and discounts are taken into account and no positive or negative balance is forgotten, so that neither the employee nor the company is harmed.
This amount plus the number of days for which remuneration is payable is generally 10 days plus this amount. This amount must include, if applicable, additional overtime pay, night shift pay, unhealthy work, hazardous work, and any other additional amount on top of the basic salary. And, if the worker chooses to sell days of rest, ⅓ of the vacation must be added as a cash bonus. Considering that the salary i Guatemala Email List s in reais, the traditional vacation calculation without additional value would be: ⅓ of reais Vacation advance Is this advance deducted later? Vacation advance represents the advance that the employee is entitled to on the payroll, and the calculation must include mandatory deductions, such as income tax, loans, etc. If the employee's salary becomes negative due to a discount that appears on the payroll after the vacation advance, the company may deduct this amount days later, since the employee will have no balance when he returns from vacation.
Did the labor reform change the rules of advance leave? Considering that rest time is a measure to protect workers, the Labor Reform Law No. 1 did not change the right to advance leave. However, some rules were implemented when granting leave to improve the possibility of dividing rest time. Before the reform, the leave was divided into only 10 equal periods, now employees can choose to divide the leave into 10 parts: one period lasting more than 20 days and another two periods lasting more than 20 days. Conclusion Vacation advance is a worker's right, which must be paid two days before the beginning of the rest period and involves receiving an amount corresponding to the vacation pay, rather than the possibility of taking paid leave in advance. Carrying out the vacation calculation, although simple, must be done carefully so that all income and discounts are taken into account and no positive or negative balance is forgotten, so that neither the employee nor the company is harmed.