INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.

Join the forum, it's quick and easy

INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.
INSIDE LAKESIDE
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Aguinaldo and Vacation Pay Calculations for 2024 (Vacation Pay Has Increased)

2 posters

Go down

Aguinaldo and Vacation Pay Calculations for 2024 (Vacation Pay Has Increased) Empty Aguinaldo and Vacation Pay Calculations for 2024 (Vacation Pay Has Increased)

Post by BisbeeGal Thu Dec 07, 2023 8:03 am

Due to changes in the law, household workers have a substantial increase in their Vacation Pay.

Here are the rules and sample calculations for both Aguinaldo and Vacation Pay from Sonia Diaz's page.

Aguinaldo Pay


Each employee, including part-time, is entitled to Aguinaldo pay in accordance with provisions of Article 87 of the Mexican labor law. Payment is to be made before December 20 of each year. This is not a bonus and it is considered part of their pay.

        Aguinaldo pay: weekly income divided by 7 = daily rate

                                    Daily rate x 15 days = Aguinaldo

Example: employee earns 1400 pesos per week. Daily rate = 1400 / 7 = 200. Aguinaldo = 200 x 15 = 3000 pesos




Vacation  Pay


Vacation pay as per Articulo 76 and 78 of the LEY FEDERAL DEL TRABAJO is to be provided to workers including those that provide seasonal and intermittent services in proportion to the number of workdays in the year either before the vacation or before the year’s end if no vacation was taken. The vacation pay must equal the required number of vacation days of salary plus 25% of the amount (vacation premium) as per Articulo 80 of the LEY FEDERAL DEL TRABAJO. If the employee so decides, their vacation days may be distributed according to their wishes and needs. And, Articulo 81 states that employees must take their vacation days within six months of their anniversary.

To calculate the amount of vacation pay use the amount earned in a week divided by 7 to determine the daily rate. Multiply that times the number of vacation days x 1.25 (that is the 25% premium).

Example: employee earns 1400 pesos in a week, divided by 7 = daily rate of 200 pesos. Vacation days after year 1 is 12 days. Therefore, 12 x 200 = 2400 pesos x 25% extra for premium = 2400 x 1.25 = 3000 pesos.

Year 1 = 12 days    Year 2 = 14 days    Year 3 = 16 days    Year 4 = 18 days     Year 5 = 20 days    

Year 6 to 10 = 22 days Year 11 to 15 = 24 days  Year 16 to 20 = 26 days    
BisbeeGal
BisbeeGal
Share Holder
Share Holder

Posts : 1962
Join date : 2020-03-14

CanuckBob, RickS and cerebrozo like this post

Back to top Go down

Aguinaldo and Vacation Pay Calculations for 2024 (Vacation Pay Has Increased) Empty Re: Aguinaldo and Vacation Pay Calculations for 2024 (Vacation Pay Has Increased)

Post by CanuckBob Thu Dec 07, 2023 9:30 am

Our house cleaner and gardener have been with us for 11 years. We give them 6 weeks pay which is slightly more than the formula but close enough. They seem to be happy with it. After 16 years we will give them 7 weeks pay.

_________________
Vacation Rentals
https://casadecomo.mx/
CanuckBob
CanuckBob
Share Holder
Share Holder

Posts : 20275
Join date : 2010-04-04
Age : 60
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.mx

Back to top Go down

Aguinaldo and Vacation Pay Calculations for 2024 (Vacation Pay Has Increased) Empty Re: Aguinaldo and Vacation Pay Calculations for 2024 (Vacation Pay Has Increased)

Post by BisbeeGal Thu Dec 07, 2023 9:50 am

I type out the formulas and have my gardener sign for receipt of payments.

BisbeeGal
BisbeeGal
Share Holder
Share Holder

Posts : 1962
Join date : 2020-03-14

Back to top Go down

Aguinaldo and Vacation Pay Calculations for 2024 (Vacation Pay Has Increased) Empty Re: Aguinaldo and Vacation Pay Calculations for 2024 (Vacation Pay Has Increased)

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum