How Is the End of Year Bonus Calculated in Mauritius? Complete Guide 2024
Learn how the legally required end of year bonus is calculated in Mauritius, eligibility criteria, and payout details for employees in 2024.
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In Mauritius, the end of year bonus is legally required and is calculated based on the employee's earnings. It's equivalent to one-twelfth of the total earnings of an employee during the calendar year, excluding overtime. To be eligible, employees must have been employed for a minimum of 12 months within the same year. It is payable before the end of December, providing a financial boost just in time for holiday expenses. For those who've worked less than a full year, the bonus is prorated accordingly.
FAQs & Answers
- Who is eligible to receive the end of year bonus in Mauritius? Employees who have been employed continuously for at least 12 months during the calendar year are eligible to receive the legally required end of year bonus in Mauritius.
- How is the end of year bonus calculated if an employee has worked less than 12 months? If an employee has worked less than a full 12 months, the end of year bonus in Mauritius is prorated based on the actual period of employment within the year.
- Does overtime count towards the calculation of the end of year bonus in Mauritius? No, the end of year bonus in Mauritius is calculated based on total earnings excluding overtime payments.