Professional Documents
Culture Documents
Vacation and Paid Time Off
Vacation and Paid Time Off
All workers in the private sector have the right to receive their bonuses,
except for service providers or young people in training under an
agreement. In the event of terminating the employment contract, as long
as one month of work has been completed, the employer must pay the
outstanding bonuses.
Profit sharing
Profit sharing is a right of workers recognized in the Political Constitution
of Peru and consists of workers being able to access the net profits of the
company managed by the employer. Companies that must grant their
workers participation in profits are those that generate third-category
income and have an average of more than 20 workers per month.
Cooperatives, self-managed companies, civil societies, service providers,
and others subject to special regimes, such as civil construction, micro-
businesses or domestic workers, are not included.