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LATAM Payroll Calculations - Vacation, Bonus, Severance, Deductions

Service Bonus (Prima)

AI-generated

Summary

Calculate the proportional Service Bonus (Prima) payment for an employee in Colombia based on monthly gross salary and months worked.

Inputs

  • Country (required) — Select the country for payroll calculation; here only 'Colombia' is valid for this operation.
  • Gross Salary (required) — Monthly gross salary of the employee.
  • Months Worked (required) — Number of months the employee has worked in the period (typically 6 or 12 months).

Output shape

An object detailing the service bonus calculation, including full and proportional bonus amounts and payment schedule for Colombia.

The bonus is calculated as half a monthly salary prorated by months worked, with details on full and proportional amounts and typical payment dates.

Examples

Example 1: Calculate the proportional Service Bonus for an employee who earned a monthly gross salary of 2,000,000 COP and worked 8 months.

Country set to Colombia, Gross Salary set to 2000000, Months Worked set to 8; operation selected as 'Service Bonus (Prima)'. Expected output includes the full bonus amount, calculated as half the monthly salary, the prorated amount for 8 months, and the standard payment dates of June 30 and December 20.

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