We're coming to the time of year when employees are starting to talk gleefully about the prospect of double monthly pay at Christmas. Does anybody know the situation for employees who started work during the year and have not completed a full year? Do they still get double pay in December or do they get a proportion according to the amount of time they have worked?
- Thread starter drstock
- Start date
Extra pay for Christmas
long gone. I know of one that borrowed money from a loan shark based on his extra earnings. He spent the loan money, when he got the extra pay he spent that and now he will make payments on the loan and end up paying 4 times the loan in intrest. But he had a great December.
I have an employee who got into debt with a loan shark about 10 years ago to the tune of 60K pesos.
He still owes the 60K to the loan shark who has his bank card and collects his money first.
I convinced the bank to give him a loan to pay the loan shark, and he spent that money as well.
Now he pays two payments. His wife left him and he lives in a pension that doesn't even have a bathroom and the local kitchens won't give him credit because he has no money.
What a way to live.
I'm curious, did he have parents? People need to be taught not to spend money as soon as you get it and not to spend $ you don't have.
I try with my kids, not successful all the time.
Thas correct, if didnt work the whole year the calculation is simple, just add all the wages earned from the month started untill the last payroll and divided by 12, the result will be the Christmas Bonus or Salary 13. Usually November 20 is when most of places cut to make the calculations for Christmas.
Very common. Lines at ATMs here in Santiago are ridiculous
around the 1st and 15th of every month. Guys have stacks
of ATM Cards in hand at the machines collecting interest for
loan sharks.
The BPD branches near my business allow 3 transactions per person. The prestamistas with a handful of cards have to go to the back of the line to continue their withdrawals after each set.
The other persons in line strongly enforce that requirement.
I've seen them many times in the evenings pulling their funds when nobody else is in line.