AGUINALDOS … and Vacation Days-Pay … INCLUDING 2023’s Additional ~25% Vacation Pay Premium
As Christmas holiday chatzkies are appearing on store shelves …. as we make our holiday plans … It’s time to remember our beloved household help and employees (including nuestro querido “Muchachas” y “Mozos”).
Please plan ahead to pay them their end-of-the-year Aguinaldos and Vacation Pay by at least December 20th…. and Plan to also give them paid vacation days OFF for the year … Ignore the gringo-myths: The Aguinaldo is NOT an optional bonus. Our Mexican workers and their families count on and depend on these critical annual payments owed to them, by law.
Because the Annual vacation pay & Aguinaldo payments are mandatory, you can pay them whenever you want … like even ~NOW~ … so they can enjoy using those $$ for the upcoming holiday sales!
Aguinaldo Calculation:
Basically, the Aguinaldo is 15 days of pay. (calculated on a 7-day work week) – so it is formally 2 weeks of pay, plus another day of “Daily Rate Pay”.
Specifically, the annual Aguinaldo payment is precisely 15 days of “Daily Rate pay”. … Note that “Daily Rate pay” is a bit peculiar, because you take their weekly pay, and divide by 7 days.
For example, if your cleaning person is paid 350 pesos each time, for 2 times a week, then their “Daily Rate Pay” is => $700/7 days = $100 per day.
This means a 15-day Aguinaldo for her would be:
15 days x $100/day = $1,500 Aguinaldo for the Year
It is not a Christmas bonus. It is a mandatory wage payment that is due by the 20th of December. The aguinaldo is equivalent to at least “15 days wages”, and may be pro-rated if the employee has been working for you for less than a full year.
If the person only worked part-time or just some months of the year ... One method is to simply divide their TOTAL annual pay $$ by 365 days … to get the “Daily Rate Pay” … and then MULTIPLY that part-year-adjusted “Daily Rate Pay” by 15 days.
Click here to read the complete, original article on YUCALANDIA (Surviving Yucatan)
Source: YUCALANDIA (Surviving Yucatan)
