Prestaciones Sociales Que Tiene Derecho El Trabajador.

Introduction: Unveiling the Hidden Gems

In today's discourse, we delve into the captivating realm of social benefits. These extraordinary perks are the additional financial rewards that employers must bestow upon their employees, as stipulated by the employment contract. In Colombia, there are four key components to these social benefits: "prima de servicios" (service bonus), "cesantías" (severance pay), "intereses sobre cesantía" (interest on severance pay), and "vacaciones" (vacation pay). Let us embark on this exhilarating journey, exploring each facet with curiosity and awe.

Section 1: Cesantías - The Gateway to Financial Security

We begin our expedition with "cesantías," a monetary entitlement bestowed upon workers for their unwavering dedication. As the name suggests, this payment is made at the end of each year or upon termination of the employment contract. However, it is important to note that cesantías are not directly disbursed to the employee but rather deposited into a dedicated severance fund. Only when the worker terminates their contract or seeks to invest in housing, such as purchasing land or obtaining a mortgage, do they receive direct access to these funds.

To calculate cesantías, a simple equation comes into play. Multiply the base salary by the number of days worked and divide it by 160 days. It is crucial to remember that the salary encompasses various elements such as transportation allowances, night shift differentials, and compensation for working on holidays and Sundays. Additionally, workers are entitled to receive interest on their severance pay at a monthly rate equivalent to 12% annually. The formula for calculating these interests is dividing the total amount of cesantías by 360 days.

Section 2: Vacaciones - A Well-Deserved Respite

Our next stop on this enthralling expedition is "vacaciones" or vacation pay. Every hardworking employee deserves a well-deserved break, and in Colombia, they are entitled to fifteen business days of rest and relaxation for each year of service. These vacations are paid annually, and it is important to exclude any overtime hours, night shift differentials, or work performed on Saturdays and Sundays when calculating the payment.

To determine the vacation pay, multiply the salary by the number of days worked and divide it by 720 days. This ensures that employees receive their fair share of compensation for their dedication