Seniority pay, known as Antigüedad, is an important benefit for retail employees in Argentina. To ensure accurate calculation of this additional payment, it is highly recommended to use a FAECYS salary calculator. This tool allows employees to determine the correct seniority pay according to the Collective Bargaining Agreement (CCT 130/75), providing clarity and transparency in salary calculations.
What is Seniority Pay (Antigüedad)?
Seniority pay is an additional payment awarded to employees based on the number of years they have worked for the same employer. Under CCT 130/75, seniority is calculated as 1% of the basic salary for each year of service. This incentive rewards loyalty and long-term commitment to the company.
For example:
An employee with a basic salary of $750,000 and 5 years of service would receive $37,500 as seniority pay (5% of $750,000).
The seniority pay is added to the remunerative salary and affects other components such as overtime, vacation pay, and annual bonus (Aguinaldo).
Benefits of Using the FAECYS Salary Calculator for Seniority Pay
Calculating seniority pay manually can be complicated, especially when combined with other salary components. The FAECYS salary calculator simplifies this process and provides several advantages:
Accuracy: Automatically calculates seniority pay based on years of service and basic salary.
Transparency: Provides a detailed breakdown showing how the seniority pay is computed.
Time-saving: Eliminates manual calculations, reducing errors and confusion.
Updated Data: Reflects the latest 2025 salary scales and percentages according to CCT 130/75.
Components Included in Seniority Pay Calculations
The FAECYS calculator ensures that all relevant components are considered in seniority pay calculations:
Basic Salary: The fixed monthly salary of the employee.
Years of Service: Determines the percentage of the basic salary to be applied.
Other Remunerative Bonuses: Included in certain calculations for overtime, vacation, and annual bonus.
Non-remunerative payments are excluded from seniority pay but are shown separately for transparency.
Step-by-Step Guide to Calculating Seniority Pay
Using the FAECYS salary calculator for seniority pay is simple:
Enter Salary Details: Input your basic salary, job category, and years of service.
Add Bonuses and Extra Pay: Include attendance bonuses (Presentismo) and other remunerative components if applicable.
Review the Breakdown: The calculator displays a detailed summary of seniority pay, showing how each component contributes to the total amount.
This ensures employees receive accurate compensation for their loyalty and understand their payslips fully.
Why Accurate Seniority Pay Calculation Matters
Accurate calculation of seniority pay is important for several reasons:
Financial Planning: Employees know exactly how much extra they will receive for each year of service.
Transparency: Confirms that employers are applying the correct calculation.
Legal Compliance: Guarantees adherence to CCT 130/75 regulations.
Avoid Disputes: Reduces conflicts over unpaid or miscalculated seniority bonuses.
Common Questions About Seniority Pay
Employees often have questions regarding seniority pay:
Does seniority pay affect overtime or vacation pay? Yes, it is considered in remunerative calculations.
Are non-remunerative payments included? No, only remunerative components are included.
Can I calculate seniority pay myself? Yes, the FAECYS salary calculator provides a reliable and transparent method.
Additional Features of the FAECYS Calculator
In addition to seniority pay, the FAECYS calculator helps employees manage:
Gross and net salary calculations
Overtime at 50% and 100% rates
Vacation pay
Annual bonus (Aguinaldo)
Attendance bonuses (Presentismo)
Union contributions and final settlements
This comprehensive tool ensures retail employees have full control over their salary and benefits.
Conclusion
Seniority pay (Antigüedad) is an important part of a retail employee’s income, rewarding loyalty and long-term service. The FAECYS salary calculator provides a reliable, transparent, and accurate way to calculate seniority pay according to CCT 130/75.
By using this tool, employees can verify their seniority bonus, plan their finances effectively, and ensure compliance with all legal and contractual obligations. Accurate calculation of seniority pay promotes fairness, transparency, and motivation for retail workers.