Understanding Wage Structures and Social Security Obligations
1. Content of Wages
2. Overtime vs. Complementary Hours
- Overtime: Hours worked by an employee exceeding the maximum length of an ordinary working day.
- Complementary Hours: Hours worked in excess of the agreed time on a part-time contract, where completion is established by a specific agreement with the employee.
3. Understanding Seniority
Seniority is a concept defined by collective bargaining. Nothing prevents a collective wage agreement from establishing a structure that does not include this supplement.
4. Schematic of Pay Perceptions
5. Regulatory Base for Benefits
The regulatory basis for calculating temporary disability benefits is the result of dividing the worker's contribution base by the contingency from which it is derived.