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Aguinaldos (employee x-mas bonuses)

Posted by Jane G on December 11, 2011, 1:01 pm
187.146.88.199

'Tis the season for paying your employees (maid, gardener, pool guy, etc) their annual holiday bonus. The following, reprinted from rollybrook.com, gives the guidelines:

Aguinaldo (Christmas Bonus)

The aguinaldo must be paid on or before the 20th of December. The aguinaldo must be paid in cash; gifts, Christmas baskets, and other presents do not fulfill the requirement.

The aguinaldo must equal 15 days of salary. To calculate the amount for a part-time employee, divide the number of days worked during the year past by 365. Multiply that figure by 15 x the daily salary to determine the amount of the aguinaldo.

Examples:

If you have an employee who works one day a week for $50 pesos:
52/365 x 15 x 50 = $106.85 pesos

If the worker is paid by the week and has worked a full year, use a multiplier of 2.14 to make the math easier. If the worker is paid $500 pesos per week, then it is $500 x 2 .14 = $1070 pesos

If the weekly worker has not worked a full year, divide the number of weeks worked by 52.14 x 15 x the daily salary (weekly salary divided by 7) to determine the amount of the aguinaldo.
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