Tipping July 2022: today is the deadline for paying, what you need to know?

The companies have until today, July 15, to pay their employees the “Fiestas Patrias” bonus.

This work allowance is paid twice a year, in July and December, but do you know who is entitled to it and how much they should receive? Below is all the information:

Who should receive this payment?

They are eligible under the Tipping Act 27735 for the July reward. employees from the private sector who are on the payroll.

These workers must have worked for at least one month between January and June 2022. If they only worked for one month, they would only get a fraction of the “free services”.

While the employees small companyhired after the company is registered with the Registry of Micro and Small Enterprises (Remype), the law states that they will receive half the bonus salary.

The PPU legal study indicates that the worker must have worked for at least one month, be on vacation, paid leave, receive Social Security benefits, or due to an accident at work.

In addition, they indicate that these bonuses are provided in proportion to the months actually worked. Vacation periods of rest, as well as leave due to disability or an accident at work, are considered to be effectively worked out.

They are not entitled to a half salary increase, workers microenterprise who were hired prior to registering the business with Remype.

Trainees in vocational training also do not receive “free” who receive half of the economic subsidy after 6 months, but it is not necessarily provided in July and December.

How much are they paying this month?

Pacifico Business School finance expert Jorge Carrillo Acosta explains that in order to calculate satisfaction we must take into account our monthly salary without discounts, that is, neither AFP nor income tax is deductible.

In addition to this full salary payment, there is also an additional bonus of 9% if you are affiliated with EsSalud or 6.75% if you have an EPS.

In total, it is assumed that the payment you should receive during these two weeks is one salary rude + 9% EsSalud or 6.75% EPS + family allowance (if received).

Similarly, if an employee receives an inaccurate or variable remuneration, the amount will be determined based on the average earned between January and June.

For example: for those who earn 1600 Siberian dollars and earned an average of 100 Siberian dollars for overtime work in the last few months, their satisfaction you can calculate S / 1700, to this amount you add 9% of the salary if you are associated with EsSalud.

What if I don’t get paid?

Estudio Fuentes labor lawyer Jorge Castillo Guzmán points out that in workers victims can file a complaint against their workplace. They can request this in writing or by telephone in the relevant area of ​​the employer, such as human resources, administration, treasury and others.

Workers can also report non-payment of bonuses to union representatives as delegates and/or to the union body if the company has them.

“Finally, you can file a virtual complaint with the National Office of Labor Inspection (sunafil) the subject will conduct an audit and, in case of untimely or incomplete payment of the bonus, will issue a requirement for compliance, otherwise a fine will be imposed,” the specialist said.

As indicated, a complaint can be made through the virtual application on the Sunafil portal: https://aplicativosweb2.sunafil.gob.pe/si.denunciasVirtuales/inicio.

fines

National Labor Inspection Administrationsunafil) indicates that failure to pay this work benefit is a serious offence.

The fine for a small company can be up to SGD 20,700, while for medium and large companies it can be up to SGD 120,152.

Recommendations for using your “free”

Finance expert Jorge Carrillo points out that we must prioritize expensive debt first. First make a list of all the ones we have, then pay off or cancel the ones that come from credit cards as they imply TEA (annual effective rate) an average of 55% when it comes to installment or renewable consumption, and it can be over 80% when it comes to cash management.

1. Pay off credit card withdrawals Credit. Withdrawing cash from the card usually has very expensive rates, above 80%.
2. Pay off the debt on purchases on the Card (in installments or renewable). The average interest rate (TEA) for credit card purchases is 55%. You must first start paying off debts with a higher TCEA.
3. Pay off consumer loans. These include freely available personal loans, a loan for the purchase of household appliances or building materials and, finally, a loan for a vehicle.
4. Pay off mortgages. They pay last because they usually have low rates, less than 9% in soles.

“You should always pay yourself first,” Jorge Carrillo said, referring to saving what a person should have. To do this, it is important that you set aside at least 10% of your salary, which will serve as a reserve fund or to achieve a long-term goal, such as a down payment for a house, a trip, a master’s degree, or another. .

A good alternative is to invest in either a mutual fund or family business; however, he felt that this decision depended on the investor’s knowledge of the market and the risk they were willing to take.

If we still have a surplus, they can distribute the “free” to the expenses they like best, such as travel, buy clothes, repair household appliances, make repairs in the house, etc.