Profit-sharing bonus and vacation calculation
We calculate your staff's annual profit-sharing bonus and their vacation with vacation bonus under the LOTTT. From $65.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- Companies with staff that must calculate and pay their employees' annual profit-sharing bonus and vacation with vacation bonus, and want to do it right and on time under the LOTTT
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Calculation of your staff's annual profit-sharing bonus based on the legal days or what was agreed.
- Calculation of vacation and the vacation bonus per employee.
- Application of the days that grow with seniority.
- Breakdown per employee and per item, signed by a licensed public accountant.
Does not include
- Paying the profit-sharing bonus and vacation to employees (the company does that).
- Severance benefits and the final settlement (separate services in this subcategory).
- Monthly payroll management (a separate service).
- Labor legal advice.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 4.
- List of employees with start date and salary
- Profit-sharing days your company applies (law or collective agreement)
- Vacation already taken or pending
- Your contact details to coordinate
How the process works
You do very little. We take care of the rest. The whole process: on average, 2 to 5 business days.
- Step 1
Send us your staff details
You send us your employees' data.
You do this - Step 2
We calculate the profit-sharing bonus
We work out the year's profit-sharing bonus based on the applicable days.
We do this - Step 3
We calculate vacation
We determine vacation and the vacation bonus per employee.
We do this - Result
Done
We deliver the signed breakdown, ready to pay on time.
You receive it
Once we have your staff's data.
What it costs and how to pay
Clear from the start.
Our fee: we do all the work for you.
How you pay: You pay once, when we start. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment depends on the number of employees. What you pay us, professional fees from $65. It goes up with how many employees you have and how complex their terms are
What goes to the employees, the company pays the profit-sharing bonus and vacation; we calculate them and back them up Your accountant gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I pay a miscalculated profit-sharing bonus or vacation?
The employee claims the difference before the Inspectoría del Trabajo (labor inspectorate) and you pay it with interest; and if you overpay, that money doesn't come back. Each item has its own base and its own legal minimum.
When is the profit-sharing bonus paid?
Typically at year-end, with a minimum number of days set by the LOTTT.
How much does it cost?
The professional fee from $65 covers the calculation for one employee; your whole payroll is quoted as a package.
And vacation?
It's due on completing each year of service, with its vacation bonus and days that grow with seniority.
Are they calculated the same way?
No: each item has its own calculation base.
About this procedure
The profit-sharing bonus and vacation are two annual labor rights a company can't improvise, because they have dates and legal minimums. Utilidades, the employees' share in the year's profits, are typically paid at year-end, and the LOTTT sets a minimum number of days; vacation, with its vacation bonus, accrues on completing each year of service and also has minimum days that grow with seniority. Getting them wrong, or paying them late, leads to claims and penalties.
The catch is that each item has its own base and its own logic: the profit-sharing bonus is calculated on salary and the days that apply under the law or under your agreement; vacation and the vacation bonus are calculated on the regular salary and on days that increase by one for each year of seniority. When you have several employees with different start dates and different salaries, keeping track of this by hand without mistakes is a guaranteed headache.
We calculate the annual profit-sharing bonus for all your staff and each employee's vacation with its vacation bonus, under the LOTTT, and deliver a clear breakdown signed by a licensed public accountant, ready to pay on time with no surprises. The price starts at $65 and goes up with the number of employees. An accountant reviews your case and gives you the exact figure before we start, no strings attached.
Legal framework and important notes
Ley Orgánica del Trabajo (LOTTT, Venezuela's labor law)
- The profit-sharing bonus (a share in the company's profits) is paid annually with the minimum number of days set by the LOTTT
- Vacation and the vacation bonus accrue on completing each year of service, with days that increase with seniority
- Each item has its own calculation base
- The company covers the payment
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
Is your case different?Ask us, message us on WhatsApp or book a free consultation. A real person answers you.