Argentina
Country Details
Currency
Argentine Peso (ARS)
Official language
Spanish
Capital
Buenos Aires
Is English spoken?
No
Time Zone
GMT - 3:00
Salary payment frequency
Monthly, Bi-weekly, Weekly
General Overview & Economic Facts
Information
The Labour Code is the main source of labour law.
The Code covers annual leave, minimum wage, working conditions, vacation and termination of employment
Employment relationships are establish by written employment contracts
Labor law is based on the protection of both employers and employees
Population size
45,457,630
GDP
$641B
Inflation level
211%
Average earning + minimum wage
Average earning- EUR 47.52 per month
Minimum wage - EUR 646.00 per month
Overview of the labour law
The Labour Code is the main source of labour law.
The Code covers annual leave, minimum wage, working conditions, vacation and termination of employment
Employment relationships are establish by written employment contracts
Labor law is based on the protection of both employers and employees
Employment Details
Number of Public Holidays
19
Working Hours
Maximum of 8 hours per day and 40 hours per week Minimum 30-minute meal interval Typical working hours start at 09h00 and end at 17h00, Monday to Friday
Benefits
- Health Insurance
- Vision Insurance
- Dental Insurance
- Pension or 401(K)
- Mental Health Support
- Life and Disability Insurance
Overtime
Employees may work a maximum of 8 hours of overtime per week
Notice Period
Notice Period Employed between 0 and 1 year- 1 months’ notice Employed between 1 and 5 years- 2 months’ notice Employed for 5 years or longer- 3 months’ notice
Probation Period
There is no statutory probation periodIt is common to have a probation period of 3 months for standard employees and 6 months for managers
Severance Pay
Employed between 2 and 5 years- 1 months’ pay Employed between 5 and 10 years- 2 months’ pay Employed between 10 and 20 years- 3 months’ pay Employed for 20 years or longer- 4 months’ pay
Employee Income tax
Income tax is calculated on ‘Worldwide Income’
EUR 0.00 – EUR 38,553.00
19.00%
EUR 38,553.00 or more
25.00%
Employer Social cost
Employee Social cost
Benefit packages