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LATAM Payroll Calculations - Vacation, Bonus, Severance, Deductions

Settlement

AI-generated

Summary

Calculate a severance settlement for an employee based on the selected country with inputs including gross salary, years of service, and days worked last year (for Colombia).

Inputs

  • Country (required) — Select the country where the employee works; available options include Chile, Mexico, Argentina, Colombia, Peru, Brazil, Ecuador, and Spain.
  • Gross Salary (required) — Enter the monthly gross salary amount of the employee.
  • Years of Service — Provide the total number of years the employee has worked, used for applicable calculations based on country rules (required for some countries).
  • Days Worked Last Year — Enter the number of days worked in the previous year, applicable only for Colombia's settlement calculation.

Output shape

a single JSON object containing the detailed calculation of the severance settlement according to the selected country's labor laws.

The output includes country-specific breakdowns and totals, reflecting severance, accrued benefits, applicable taxes, bonuses, and employer costs as defined by country regulations. Optional fields depend on the provided inputs and country's calculation rules.

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