Labour Settlement Calculations

Essential Documents

*Employee's information: - Full name - ID number (personal ID, passport, dimex) - Civil status - Domicile *Employer´s information: - Full name - ID number (personal ID, passport, dimex) - Civil status - Domicile - If a company, Confirm: - Corporate name - Corporate ID - Power of attorney under which its representative acts (legal representative with full and unlimited power of attorney, general agent, special proxy, manager) - Full name - ID number and type (personal ID, passport, dimex) - Civil statud - Domicile *Confirm start date *Confirm employment end date *Confirm if a pre termination notice has been delivered (yes or no) *Reason for termination: dismissal without grounds, dismissal with grounds, resignation, resignation with employer´s liability, pension. *Type of payment (biweekly, monthly, weekly) *Vacation days *Confirm all the salaries paid during the last year *Confirm if the employee receives salary-in-kind

Terms and conditions

The price indicated here has been estimated assuming that the requested document will be delivered in digital format, or that you will pick up the physical version at the PredictaBill offices. Alternatively, you can request that the document be sent to the location you specify, by courier or Costa Rica postal service, in which case the costs and delivery times that will be indicated at the time of processing the payment for the service will apply

1. What is a Labour Settlement Calculation and why is it important for employees in Costa Rica?
A Labour Settlement Calculation is a process by which the amount of money an employee is entitled to receive at the end of their employment relationship with a company is determined. It is important for employees in Costa Rica because it allows them to know in a precise and transparent way the amounts they must receive for labor benefits, the items that contain the labor settlement may vary, depending on the form of termination of the employment relationship.
2. What are the elements that are taken into account to make a Labour Settlement Calculation in Costa Rica?
To make a Labour Settlement Calculation in Costa Rica, an average of the last 6 ordinary and extraordinary monthly salaries earned by the worker are taken into account.
3. What is the legal deadline to make the severance payment to an employee in Costa Rica?
Labor legislation is not precise on this issue, however, the custom used has been a one-month term. However, the recommendation will always be that the employer can project the worker’s departure from the company in advance so that the settlement can be released as soon as possible.
4. What happens if the employer does not make the payment of the severance payment within the established period?
If the employer does not make the payment of the severance payment, the worker could file a lawsuit against the employer, for the respective payment.