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In Argentina, employment contracts and employer-employee relations are primarily governed by the Labour Contract Law, collective bargaining agreements, and individual agreements with employees. Some key elements of employment contracts in Argentina are:
In Argentina, a probationary period can last up to a period of 3 months. During this period, the contract may be terminated at any time by either party.
In Argentina, the Employment Contract Law prescribes a standard workweek of 8 hours per day and 48 hours per week, excluding rest time. Night shifts (9 pm – 6 am) and certain unhealthy work are limited to 7 hours per day.
Employees receive 150% pay for overtime worked on weekdays. Holidays or work after 1 pm on Saturdays and Sundays warrant 200% pay.
The minimum wage in Argentina is 262,432.93 per month.
According to local law in Argentina, employees are entitled to receive an additional month's salary, known as Aguinaldo, which is payable in two semi-annual installments. The first installment is due for payment before June 30th, and the second installment is due before December 18th. This 13th-month salary is a legal requirement and is paid in addition to the employee's regular salary
The individual income tax spans from 5% to 35%, and it is computed based on progressive rates. Various supplementary factors, including household status (rent or credit), the count of dependents below 18, civil status, and geographical residence location, can influence the overall tax rates.
Employers are required to contribute to the pension fund system, through a single social security contribution to the Pension Fund. For men, the minimum retirement age is 65 years, and for women, it is 60 years. Employees need to have at least 30 years of contributions to the Argentine pension system (ANSES - AdministraciĂłn Nacional de la Seguridad Social) to qualify for a full pension. There is a scheme which allows individuals who have not completed the 30 years of contributions to regularize their situation by paying off the missing contributions.
Employers cannot terminate employees at-will, except during the probation period. Employers must provide a valid reason for termination, which can include:
In Argentina, the termination notice period for employees is contingent upon the duration of their service with the company. The notice periods are as follows:
An employee who is terminated without valid reason is eligible for a statutory severance payment of one month's salary for each year of service, or a period longer than 3 months. This amount is calculated based on the employee's highest monthly regular compensation received in the last 12 months of work.
Argentina has the following national holidays:
The below benefits are provided through statutory contributions made by the employer and benefits provided by the National Social Security Administration, known as ANSES (AdministraciĂłn Nacional de la Seguridad Social) per the below:
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It's important to note, visa support can be complicated and each country has different requirements and legislation. As of August 2024, non-Singapore entities that want to employ an individual in Singapore who is not a Singapore national or permanent resident may no longer use an Employer of Record (EOR) to sponsor that individual for a work permit. Contact our experts for help on how to navigate global employment in Singapore.