Question 1

What does a finiquito include in Guatemala?

Accepted Answer

A finiquito in Guatemala includes: severance pay (if applicable), proportional Christmas bonus (aguinaldo), proportional 14th month bonus (bono 14), unused vacation days, and any pending salary.

Question 2

How much is severance pay in Guatemala?

Accepted Answer

Severance pay is one month's salary per year worked (proportional for fractions). It only applies for unjustified termination, per Article 82 of the Labor Code.

Question 3

How is proportional aguinaldo calculated?

Accepted Answer

Proportional aguinaldo is calculated over the period from December 1 to November 30. Divide the monthly salary by 365 and multiply by days worked in the period.

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