Employment in Financial Services

Contributing Editor

First Name

Louise

Surname

Skinner

at

Law firm

Morgan Lewis & Bockius

In a rapidly evolving regulatory landscape, employers in the financial services sector must ensure they are fully compliant with local employment rules and procedures. Helping to mitigate risk, IEL’s guide provides clear answers to the key issues facing employers in the sector

Choose countries

Choose questions

Choose the questions you would like answering, or choose all for the full picture.

07. Are there any specific rules relating to compensation payable to financial services employees in your jurisdiction, including, for example, limits on variable compensation, or provisions for deferral, malus and/or clawback of monies paid to employees?

07. Are there any specific rules relating to compensation payable to financial services employees in your jurisdiction, including, for example, limits on variable compensation, or provisions for deferral, malus and/or clawback of monies paid to employees?

Flag / Icon

Brazil

Author:

Medici Madureira

,

,

,

at Tortoro Madureira & Ragazzi Advogados
at Tortoro Madureira & Ragazzi Advogados
at Tortoro Madureira & Ragazzi Advogados
at Tortoro Madureira & Ragazzi Advogados

The Collective Labour Agreement establishes several rules for employees in the sector.

There is a determination, through collective negotiation, of:

percentage of salary increase;
minimum wage for employees who begin their activities in the sector;
minimum wage for employees after 90 days’ tenure;
additional pay for length of service;
additional overtime;
night additional pay;
additional pay for unhealthy or dangerous work;
function bonus;
cash bonus;
gratuity for check clearing;
meal assistance;
food assistance;
daycare and nanny assistance;
funeral assistance;
transportation vouchers; and
assistance with night-time travel.

Last updated on 16/04/2024