The month of December is one of the most anticipated by Colombians, not only because it is a date of unity and reunion with family and friends, it is also the time when the long-awaited payment is paid. service premium. For this reason, here we tell you how much they would pay you if you earn a minimum wage.
According to the Ministry of Justice, “the service premium It is the remuneration that the employer makes for the economic and social benefits obtained from the worker. This benefit consists of a month of salary for each year of work or proportional if you have worked lesss, which is paid in two installments during the year. The first in the month of June and the second during the first twenty (20) days of the month of December.”
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This payment is made proportionally depending on the time the worker was in the company, if he or she was not able to meet the 6 months to receive half salary.
In Colombia, 3.3 million people, that is, 14.76% of the total, which is 22.8 million, earn a minimum wage ($1,300,000) so there are those who wonder how much they will receive in December from the payment of the service premium.
According to figures from the Ministry of Labor, in Colombia salaries are divided as follows:
- 43.86% They earn less than minimum wage.
- 14.76% They earn exactly one minimum wage.
- 23.42% They earn more than minimum wage.
- 4.05% They earn more than four minimum wages.
Also read:End of year bonus: How much do I get paid if my salary was increased after July?
How much do I get paid in Christmas bonus if I earn $1,300,000?
The christmas bonus It is a payment that corresponds to half of a worker’s monthly salary and is paid in December. If this year the minimum wage is $1,300,000the Christmas bonus will be $650,000. This figure is calculated by taking the base salary and dividing it in two, since the bonus is equivalent to half a salary.
This payment is a right granted to all formal workers, and is calculated taking into account the months worked during the year. If you have worked throughout the year, you will receive the entire premium, that is, $650,000. If you have worked only part of the year, the premium will be calculated proportionally to the time worked.
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