Tuesday, December 12, 2023

Due to inflation, companies in the financial sector increase the bonus

Some companies offer their employees the opportunity to request payment of their bonus or salary in advance., while in other cases it was defined by managers and the decision was communicated to employees. Even, There are banks that check the prepayment of the Banking Day bonus, which is celebrated on November 6th and is usually paid out in the same month.. According to the latest peer review, this bonus will amount to $361,241.68 this year.

“In order to mitigate the significant impact of recent monetary policy, With the earnings for the month of September, we credit our employees with a special wage advance amounting to 50% of their remuneration, This advance has no impact on profits since it is not part of the tax base,” they explained from Banco Galicia, adding that they want their employees to be able to use the advance money as they see fit, and until They invest it in the company’s products, with different tariffs for employees.

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The official message from An insurance company told its employees that the decision to pay the premium in September was because the company understood concerns about the economic situation..

Businessmen and city authorities inaugurated the headquarters of Banco Galicia, which already operates in the shopping center.

Due to high inflation, Banco Galicia will credit a special salary advance of 50% with the earnings for the month of September.

Sebastian Farina Petersen

This is how the prepayment of the bonus works

The advance payment of the bonus is estimated based on the last salary received (e.g. August) and is paid to the employee. A recalculation will take place in December, taking the final semester numbers into account, since the additional annual salary represents 50% of the best compensation received in the last six months. For example, any salary adjustments or amounts subsequently paid are added together.

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On the December payslip, the employee sees the difference between the forecast and the actual calculation, as well as the discount on the amount paid in advance.

Nation World News Desk
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