Progressive vacation refers to a system in which the length of paid annual leave increases as an employee gains more years of service at the same company. At Wiseplan, we tell you the keys to properly calculating your employees' progressive vacation time, based on current legislation.
According to the Chilean Government's Labor Department website , the progressive vacation benefit consists of the right of all workers to add one day of vacation for every three years worked for their current employer, provided they have worked for 10 years (120 social security contributions) for their current or previous employers.
If your company does not keep strict track of each employee's vacation time, you may find yourself in awkward situations, or even facing lawsuits or resignations, which can greatly complicate the working environment of your team and your workplace.
If you have any doubts or need to regain control, it is advisable to consult with a human resources specialist to ensure that Chilean labor law provisions regarding progressive vacations and other aspects related to employee benefits and rights are being correctly applied.
Contact an executive at Wiseplan, and together you can chart the right path for your company. Take the step that will transform your company into a modern and efficient entity. Make Wiseplan your strategic partner.
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