Severance & Settlement Calculator — Liquidación Studio
Accurate, instant, and transparent labor settlement estimates.
Datos Laborales
Valor a Liquidar
Desglose de Conceptos
What Is a Severance Settlement?
A severance settlement (liquidación laboral) is the final payment an employer must provide to an employee when the employment contract ends, covering all accrued and pending labor benefits established by law.
Legal Definition
A severance settlement is the comprehensive financial calculation that includes accrued wages, statutory bonuses, severance funds, unused vacation compensation, and applicable indemnities upon contract termination.
Who Is Entitled
Every employee with a formal labor contract is entitled to receive a full severance settlement, regardless of whether the termination was voluntary (resignation), mutual agreement, or employer-initiated (dismissal).
Regulatory Framework
Severance calculations follow the Código Sustantivo del Trabajo (CST) in Colombia, Ley Federal del Trabajo (LFT) in Mexico, and equivalent labor codes in other jurisdictions.
How the Severance Calculator Works
Three clear steps to compute statutory employment settlement and legal compensations.
1. Enter Employment Details
Specify start and termination dates, basic monthly wage, and termination reason (dismissal without cause, resignation, or mutual agreement).
2. Automatic Legal Formula Application
Our financial engine calculates statutory bonuses, severance accruals, accrued vacation days, and mandatory interest according to labor statutes.
3. Export Itemized Report
Review the color-coded itemized breakdown, visual allocation chart, and export a clean PDF document for payroll compliance.
💡 Nota: Cálculos estructurados conforme a los marcos normativos laborales y estándares de compensación.
Key Severance Formulas
The core mathematical formulas used to compute each component of the employment settlement.
Statutory Bonus (Prima)
(Base Salary + Transport) × Days ÷ 360 Calculated proportionally for each semester worked. Employees are entitled to 15 days of salary per semester.
Severance Fund (Cesantías)
(Base Salary + Transport) × Days ÷ 360 One month of salary per year worked, computed proportionally for partial periods.
Severance Interest
(Severance Accrued × Days × 12%) ÷ 360 Annual interest of 12% on accumulated severance funds, calculated proportionally.
Vacation Compensation
(Base Salary × Pending Days) ÷ 30 Compensation for unused vacation days at the base salary rate, excluding transport allowance.
Settlement Calculation Examples
Real-world worked examples showing how severance amounts are computed for different employment situations.
Case 1 — Junior Employee
- Monthly Salary
- $1,300,000 COP
- Tenure
- 1 year
- Termination
- Unfair Dismissal
Case 2 — Mid-Level Employee
- Monthly Salary
- $3,500,000 COP
- Tenure
- 5 years
- Termination
- Mutual Agreement
Case 3 — Voluntary Resignation
- Monthly Salary
- $2,000,000 COP
- Tenure
- 2 years
- Termination
- Resignation
These examples are illustrative estimates based on standard Colombian labor law formulas. Actual amounts may vary.
Statutory Compensation Reference Table
Summary of legal formulas and computation basis according to standard labor codes.
| Compensation Concept | Legal Formula | Legal & Regulatory Basis |
|---|---|---|
| Prima de Servicios | (Salario Base + Aux. Transporte) × Días Semestre ÷ 360 | Art. 306 Código Sustantivo del Trabajo (15 días por semestre) |
| Cesantías | (Salario Base + Aux. Transporte) × Días Año ÷ 360 | Art. 249 CST (Un mes de salario por año laborado) |
| Intereses sobre Cesantías | (Cesantías Acumuladas × Días Año × 12%) ÷ 360 | Ley 52 de 1975 (12% anual sobre saldo de cesantías) |
| Vacaciones Compensadas | (Salario Base Ordinario × Días Pendientes) ÷ 30 | Art. 186-189 CST (15 días hábiles remunerados por año) |
| Indemnización Despido Injustificado | 30 días año 1 + 20 días por año adicional proporcional | Art. 64 CST (Para contratos a término indefinido < 10 SMMLV) |
13 Calculadoras para Cada Situación Laboral
Cada herramienta está diseñada para un escenario específico de terminación laboral, con fórmulas, ejemplos y preguntas frecuentes personalizadas.
Liquidación por Despido
Calcula indemnización y prestaciones cuando tu empleador termina el contrato sin justa causa.
Liquidación por Renuncia
Conoce las prestaciones que recibes al presentar tu renuncia voluntaria.
Liquidación y Finiquito
Integra el cálculo del finiquito con la liquidación completa de prestaciones.
Liquidación con Indemnización
Determina el monto exacto de tu indemnización según las escalas del Art. 64 CST.
Liquidación con Horas Extras
Integra recargos nocturnos, dominicales y extras al cálculo de tu liquidación.
Liquidación de Vacaciones
Calcula la compensación monetaria de tus vacaciones no disfrutadas.
Liquidación por Antigüedad
Descubre cómo cada año de servicio incrementa el valor de tu liquidación.
Liquidación de Sueldos
Integra salario fijo, comisiones y bonos para una liquidación precisa.
Liquidación de Haberes
Obtén el inventario completo de todos los haberes que te corresponden.
Contrato Indefinido
Aplica las reglas específicas de indemnización escalonada para contratos sin fecha de vencimiento.
Obra o Labor
Calcula prestaciones y posible indemnización para contratos vinculados a proyectos.
Trabajo por Días
Prestaciones proporcionales para trabajadores de jornada parcial y servicio doméstico.
Liquidación por Jubilación
Calcula tu liquidación final al retirarte por pensión y acceder a la vida pensional.
Frequently Asked Questions
Everything you need to know about severance calculations and termination pay.
Q1 What is an employment severance settlement (Liquidación Laboral)?
It is the final payment an employer must disburse to an employee upon contract termination, covering accrued wages, statutory bonuses, severance funds, unused vacation days, and indemnities if applicable.
Q2 How is severance calculated in case of unfair dismissal?
In unfair dismissal (despido sin justa causa), statutory compensation includes accrued benefits plus an indemnity determined by contract type and total tenure length.
Q3 Are transportation allowances included in the computation basis?
Yes, in jurisdictions like Colombia (CST), transportation subsidies are included in the calculation basis for statutory bonuses and severance funds for wages below 2 statutory minimum salaries.
Q4 How long does an employer have to disburse the final settlement?
Generally, final settlements must be paid immediately on the last working day or within standard payroll cycles to prevent legal moratory penalties.
Q5 What is the difference between severance (liquidación) and settlement (finiquito)?
A severance settlement (liquidación) is paid when the employer terminates the contract, and it includes indemnities for unjust dismissal. A settlement (finiquito) covers only accrued benefits owed regardless of termination reason, such as pending salary, vacation, and statutory bonuses.
Q6 How are accrued vacation days calculated in a severance settlement?
Accrued vacation compensation is calculated using the formula: (Base Salary × Pending Days) ÷ 30. Employees accrue 15 business days of paid vacation per year worked, and any unused days are compensated at the base salary rate, excluding transportation allowances.
Q7 Does the type of employment contract affect the severance calculation?
Yes, the contract type directly impacts the calculation. Indefinite-term contracts (contrato a término indefinido) have different indemnity formulas than fixed-term contracts (contrato a término fijo), where the indemnity equals the remaining salary through the contract end date.