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* Playroll continues to analyse immediate opportunities and fulfilled roles by recruitment partners, contractors and employers to identify in-demand jobs.
Employees in Peru are paid 13th and 14th month salaries in July and December; these are equivalent to one month's salary.
An employee with one or more children under the age of 18 is eligible to receive an additional “household allowance,” which is a monthly payment of 10% of the monthly minimum wage. These also include children above the age of 18 who are pursuing higher education until the age of 24.
Employees are entitled to 30 days of paid vacation leave per year. A minimum of 15 days must be taken and the other 15 can be cashed out.
When hiring employeesin Peru, businesses must provide a written employment contract in both the local language and English. There are two types of contracts: fixed-term and indefinite-term. Most employers in Peru prefer indefinite-term contracts. The contract should include details like:
The probationary period in Peru is three months. It can be extended to six months or even a year, giving both the employer and employee more time to evaluate the fit before committing to a long-term arrangement.
Regular working hours in Peru involve working 8 hours per day and 48 hours per week.
Overtime payment is mandatory for employees with working hours specified in the employment agreement. The payment for additional hours is structured as follows:
The national minimum wage in Peru is 1,025 PEN per month.
It is mandatory for employers to provide 13th-month and 14th-month payments. Employees receive an additional month's salary twice a year. The first payment occurs at the end of July, around Peru's Independence Day, and the second payment is made at the end of the year, around Christmas.
The income tax rates are applied on a progressive scale expressed in UITs (Tax Units). The value of one UIT is set by the government at the beginning of each year.
The national pension system is funded through employee contributions. Employers are required to make monthly withholdings for pension fund contributions, which are equal to 13% to 12.5% of the compensation received by the employee.
The tax-related information provided in this guide is intended for general guidance and informational purposes only. Reach out to our dedicated team for insights on remote hiring in Peru tailored to your needs.
The termination of employment varies depending on the terms outlined in the employment agreement and collective agreement. It is influenced by the type of contract and the reason for termination. Compliant terminations may occur through:
Employers are required to provide a notice period of 6 to 30 days, depending on the reason for dismissal.
Severance pay is not provided when an employee is separated due to issues related to their behavior or performance. However, if an employee is dismissed without a valid reason, they may be entitled to severance pay, amounting to up to twelve months' worth of compensation.
Peru observes a total of 10 national holidays, along with additional regional holidays that vary based on the employee's location.
Legal and compliance experts are readily available to provide guidance and case-by-case Q&A support.
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