HR & Labor
The minimum wage is between $600 - $800 depending on the level of the worker.
Employees who have been terminated with a cause are entitled to the part of the Christmas bonus already earned and payment for the vacation days that have been acquired and not used. For employees who have been terminated without a cause, they are also entitled to additional payments. If they worked in the company between six months to one year, they receive fourteen days of wages, one year and more, they receive 20 days of wages.
It is common practice to give the employer 30 days notice.
If an employee’s contract is terminated and he or she has not yet used the earned vacation time, the employer must pay the equivalent of one day’s salary for each month worked during the year.
Employees are entitled to one day of vacation for every month of employment, and two weeks after 50 weeks of work.
For the first three days of an employees sick leave are paid (50% by the employer, and 50% by social security). From the 4th day the employer is not obligated to pay, and social security pays 60% of salaries. In order to receive payments the employee must submit a medical certificate to the Social Security Administration.
There are 11 public holidays
Additional Employee Withholdings
Employer contributes 34.5% .
Employees contribute 9.5%.
Caja, the social security system in Costa Rica is mandatory and provides employees with free health care, sick leave, disability pensions and retirement benefits.
VAT is between 13 - 15% standard rate.