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Vacation/bonus/Holiday Pay


Mijo
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The Aguinaldo is due by Dec. 20th. 

If you have not paid Vacation Pay during the year, it is due by end of year.  We give them both together.  Have your worker(s) sign for them.  

Here are the formulas for both, thanks to Rolly, may he RIP.  Website, https://rollybrook.com/employee-pay.htm

Sonia Diaz's site uses same formulas, but she says the Aguinaldo should be paid before Dec. 20th.  http://www.soniadiaz.mx/-employees.html

Most employers do pay it early; the City of Chapala paid its employees' Aguinaldos yesterday. 

 

AGUINALDO:

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.

 

VACATION PAY:

Vacación (Vacation)

The vacación must be paid in cash, either before the vacation or before the end of the year if no vacation has been taken.

The vacación pay must equal required number of vacation days of salary plus and additional 25% of the amount. To calculate the amount, divide the number of days worked during the year past by 365.  Multiply that figure by number of vacation days times 1.25 to determine the amount of the vacación pay due. 

Examples:

If you have an employee for one year who works one day a week for $50 pesos:
52/365 x 6 x 1.25 x 50 = $53.42 pesos = 
vacación

If the worker is paid $500 pesos per week, convert the weekly rate to a daily rate by dividing by 7.

500/7 x 6 x 1.25  = $535 pesos = vacación

Note:  The 6-day minimum vacation is only for the first year worked.  The basis increases by 2 days each year through the 4th year.  The 5th year it increases 2 days to 14 days.  Thereafter, the time increases by 2 days each 5th year.

For example:  A maid has worked for 5 years, so she is due 14 days vacation.  She works 3 days per week for $760 per week. which is $253.33 per day.  3 x 52 = 156 days worked per year.

156/365 x 14 x 1.25 x 253.33 = $2642.71

If we ignore that she works only 3 days and consider her a weekly employee, then

760/7 x 14 x 1.25 = $1900

Year 1 -- 6 days
Year 2 -- 6 + 2 = 8 days
Year 3 -- 8 + 2 = 10 days
Year 4 -- 10 + 2 = 12 days
Year 5 -- 12 + 2 = 14 days
Year 10 -- 14 + 2 = 16 days
Year 15 -- 16 + 2 = 18 days
etc

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We seem to have this question and discussion every year and I am supprised that some person have not mentioned that you should also be paying IMSS etc. It is a can of worms that can be avoided

There is an alternative which many employers use and depending on your agreement/contract will avoid all the hassle and uncertainties

 https://mexiconewsdaily.com/opinion/sarah-devries/does-amlos-contract-worker-ban-help/

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1 hour ago, green bay wi said:

My pool person services my pool 2 days per week, approximately 15 minutes each visit (which works out about 2 hours per month) and he is paid once monthly.  Any suggestions on calculations for that? Sorry to be a little dense on this....Thanks in advance for responses....

I don't think you need to pay this person the bonus or vacation pay. He would be classified as an independent contractor, not an employee. Would be a nice gesture to give him a bit of a Xmas gift, though.

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5 minutes ago, mudgirl said:

I don't think you need to pay this person the bonus or vacation pay. He would be classified as an independent contractor, not an employee. Would be a nice gesture to give him a bit of a Xmas gift, though.

thank you....yes a xmas gift of cash will be given and i am sure it will be more than the calculation of aguinaldo ...just want make sure...thanks again....

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On 12/10/2020 at 1:40 PM, green bay wi said:

My pool person services my pool 2 days per week, approximately 15 minutes each visit (which works out about 2 hours per month) and he is paid once monthly.  Any suggestions on calculations for that? Sorry to be a little dense on this....Thanks in advance for responses....

Don't be sorry. It is quite a complicated calulation with lots of variables and there is an error in Rolly's information for vacation pay.

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9 hours ago, Mijo said:

I guess I pay vacation pay if worker didn’t take vacation.

Yes, it has nothing to do with whether they took a vacation or not. It's sort of like someone having a job where they get so many paid sick days per year. They may never take those days off because they don't get sick, or need a day off, they might just bank them up and add them to the paid vacation time they are allowed so they can have a longer holiday. In other words, it's up to the employee whether they want to actually go on vacation with their vacation pay or buy something with it, or save it, none of the employer's business.

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