I would like to share a noteworthy regulation regarding interest on delayed salary payments by employers.
“In cases where, due to force majeure, the employer, despite having taken all remedial measures, is still unable to pay salaries on time, the delay shall not exceed 30 days. If the salary payment is delayed for 15 days or more, the employer must compensate the employee with an additional amount at least equal to the interest accrued on the delayed payment, calculated at the one-month term deposit interest rate announced by the bank where the employer opens the salary payment account, at the time of payment.”
Legal basis: Clause 4, Article 97 of the Labor Code 2019.
