In El Salvador, the term describes the process of calculating the mandatory Christmas bonus, a legally required payment to employees. This bonus is typically paid in December and is calculated based on the employee’s length of service and salary. For instance, an employee who has worked for one year may be entitled to a specific percentage or number of days of salary as their bonus.
The mandatory Christmas bonus provides significant financial relief and stability to Salvadoran workers during the holiday season. It allows individuals and families to cover expenses related to celebrations, gifts, and other necessities. Historically, this bonus has been an integral part of the labor laws, designed to ensure fair compensation and to contribute to the overall economic well-being of the populace during a key period of the year.
