What you'll learn
Peru is a country in South America bordered by Ecuador, Colombia, Brazil, Bolivia, and Chile. Peru is considered a megadiverse country with habitats that range from arid plains, to the peaks of the Andes mountains, and the tropical Amazon basin rainforest.
The country has a high level of human development and an upper middle income level, and has one of the world's fastest industrial growth rates.
Employment Terms
The minimum wage in Peru is PEN 1,025 per month, and a standard workweek is 48 hours at 8 hours per day (for 6 days). Overtime work and compensation is regulated by the employment contract or collective agreement.
Types of Leave
Parental Leave
Pregnant employees are entitled to 98 days of paid maternity leave, which is normally split equally before and after the birth. This leave is paid for by the National Health System. Fathers/partners are entitled to 10 days of paid paternity leave after their child is born. Employees can also take adoption leave.
Sick Leave
Employees can take up to 365 days of paid sick leave. The employer pays the first 20 days of leave and the rest is paid by social security.
Paid Leave
Peru has 12 public holidays, and employees are entitled to 30 days of paid time off each year.
Termination Process
Process
The termination process in Peru varies based on the employment contract and reason for termination. The employer must provide written notice with the reasons for termination so the employee has a chance to respond or prove their capability to work at the company.
Notice Period
Employees should receive at least 6 days of notice for terminations.
Severance Pay
If an employee is terminated without cause are usually entitled to a severance payment of up to 12 months of salary.
Additional Information
It is mandatory for employers to give their workers 13th-month and 14th-month salary bonuses every year. One is paid in July and the other is paid in December, each one is equal to 1 month of wages.