Q:
What is a 13-month salary?
A:
Quick Answer
A 13-month salary refers to a payment made to employees above their normal salary, usually equivalent to a month's salary. This type of payment is made as mandated by local law or as part of an employment contract.
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Full Answer
As of 2014, Italy, Mexico, Nicaragua, Chile, Columbia, Argentina, the Philippines and Brazil are countries that require employers to pay employees a 13-month salary. In these countries, the disbursement of this payment is required to be done in December. The amount of the payment is calculated differently by each country. In France, a 13-month salary is not required by law but is customarily included in work contracts.
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