Delayed Salary for 10 Days: Is the Employee Entitled to Additional Late Payment Interest?

Section 4, Article 97 of the 2019 Labor Code stipulates:

In cases of force majeure where the employer has exhausted all remedial measures but is still unable to pay wages on time, the delay must not exceed 30 days; if the wage payment is delayed by 15 days or more, the employer must compensate the employee with an amount at least equal to the interest amount on the delayed wage, calculated based on the 1-month term deposit interest rate announced by the bank where the employer opens the payroll account at the time of wage payment.

Therefore, according to this regulation, if the employer delays wage payment by 15 days or more, they must compensate the employee with an amount at least equal to the interest amount on the delayed wage. Hence, if your company only delays the wage payment by 10 days, there is no obligation to compensate, and you will not receive any extra interest for the late payment.

Respectfully!