1. Salary Payment: Under a new law that went into effect recently, all payments must now be made using a financial instrument such as a check or a bank transfer. With a few exceptions, cash payments are no longer accepted. The Ministry of Labor sets a national minimum wage. Furthermore, each type of business activity has its own set of employee minimum wages. Collective agreements are negotiated by Wage Panels ("Consejos de Salarios"), which are made up of employers, employees, and government officials. Salaries are paid monthly, weekly, or daily.
2. Working Hours: The average working day is 8 hours long and 48 hours per week, with retail workers working 44 hours. The parties can agree to work fewer hours, but not more.
3. When it is a working day, overtime should be paid at twice the regular rate. When it is a non-working day, the rate is multiplied by multiples.
4. Aguinaldo: This is a legally required reward instalment equal to one month's pay, known as a thirteenth compensation. It is payable in two installments, one in June and one in December.
5. Paid vacation: Each representative is entitled to 20 days of paid vacation per year. They are qualified for one extra day per year if they work with a similar boss on a regular basis. The worker is not qualified for any occasion during the primary year of work - during that first year, they collect the option to take an occasion the following year.
6. Representatives are eligible for paid additional leave as follows:
- Maternity leave (12 weeks)
- Paternity leave (3 days)
- Marriage Leave (3 days)
- Study leave for college understudies (6, 9, or 12 days of the year relying upon the number of hours worked)
- Leave for family passing (3 days)
- Leave for association exercises – relies upon the aggregate arrangement)
Payment of Holidays: All representatives are eligible for paid occasions; for example, in addition to their right to 20 days of paid occasion leave, they should be paid an additional instalment equal to 100% of their salary for those 20 days. The idea is that they need their regular pay to cover their basic needs, and this extra cash will allow them to attend an event.