Multiplier Honored by Fast Company’s 2024 List of Most Innovative Companies.

Loading Animation Image

Talent Wiki – Argentina

Your quick guide on talent and labor compliance norms in Argentina

Capital

Buenos Aires

Currency

Argentina Peso (ARS)

Languages

Spanish, Italian, Arabic, English

Payroll Frequency

Monthly

GDP per Capita

$13,520

Employer Tax

28.41%

Talent Overview

Argentina is a developing economy that ranks 2nd highest in Latin America on the Human Development Index. It is an attractive country for businesses to grow and expand due to its economic and political conditions. It benefits from manufacturing, transport, media and communication, science and technology, and the tourism industry. The country has exhibited considerable growth in the internal market size and a growing share of the high-tech sector.

Major economic hubs:

Buenos Aires, Córdoba, Rosario, Mendoza and San Miguel de Tucumán

Skills in demand:

Data Engineer, JavaScript Developer, Data Analyst, E-commerce, Banking, Finance, Insurance, Service Manager, Web designing

Map 8

Local Universities

The top local universities in Argentina are as follows:

Uni1 13

Universidad de Buenos Aires

Ranking

Local: 1

World: 293

Uni2 11

Universidad Nacional de La Plata

Ranking

Local: 2

World: 543

Uni3 13

Universidad Nacional de Córdoba

Ranking

Local: 3

World: 756

Uni4 43

Universidad Tecnológica Nacional

Ranking

Local: 4

World: 955

Argentina Uni5

Universidad Nacional del Litoral

Ranking

Local: 5

World: 1273

Salary Data

The average monthly salary of some jobs available in Argentina is as follows:

Job title Average Monthly salary (ARS) Average Monthly salary (USD)
Financial manager 94,200 351
Accounting Assistant 26,200 98
Graphic Designer 29,100 108
Business Project Manager 56,500 210
Human Resource Manager 67,200 250
Talentsource 36

Talent Sourcing Tips

Top Local Job Boards:

Bumeran, ZonaJobs, BuscoJobs

Number of LinkedIn users:

11,730,000

Top Recruitment Agencies:

AirSwift, Esentia, Laborha

Employing in Argentina

Argentina’s employment laws are governed by collective bargaining, international treaties, and many other legal statutes. These laws are implemented by the Argentinian national ministry of labor law. Learn more about the employment conditions and regulations in Argentina below.

Employee Contract:

The official language for employment contracts in Argentina is Spanish.

Probation Period:

The probationary period for employees in Argentina ranges from three to twelve months.

Public and Provincial Holidays

Date Name Type
1 Jan New Year’s Day National holiday
12 Feb Carnival / Shrove Monday National holiday
13 Feb Carnival / Shrove Tuesday / Pancake Day National holiday
24 Mar Memorial Day National holiday
28 Mar Maundy Thursday National holiday, Christian
29 Mar Good Friday National holiday, Christian
2 Apr Day of the Veterans National holiday
1 May Labor Day / May Day National holiday
25 May National Day/May 1810 Revolution National holiday
17 Jun Eid al-Adha (Tentative Date) Muslim, Optional holiday
17 Jun Commemoration of General Don Martín Miguel de Güemes National holiday
20 Jun Flag Day National holiday
8 Jul Muharram/New Year (Tentative Date) Muslim, Optional holiday
9 Jul Independence day National holiday
19 Aug San Martín Day National holiday
2 Oct Rosh Hashana Eve Hebrew
3 Oct Rosh Hashana Hebrew, Optional holiday
11 Oct Yom Kippur Eve Hebrew
14 Oct Day of Respect for Cultural Diversity National holiday
18 Nov National Sovereignty Day National holiday
8 Dec Feast of the Immaculate Conception National holiday
25 Dec Christmas Day National holiday, Christian

Employee Leaves

Type of leave Time Period Mandatory
Annual leave/Earned Leave 14 days Yes
Sick Leave 120 days Yes
Maternity Leave 12 weeks Yes

Payroll

Payroll 1

Payroll Cycle

The payroll cycle followed in Argentina is monthly.

Payroll 2

Minimum Wage

Argentina’s national minimum wage rate is ARS 69,500.00 per month.

Payroll 3

Overtime Pay

Overtime is paid at a rate of 50% unless it’s past 1 pm on Saturday, Sunday, or public holidays, the rate for which is 100%. However, overtime must not exceed 3 hours a day or 30 hours a month.

Bonus

13th Month Pay: 

The 13th month salary is mandatory in Argentina. They are paid in semi-annual installments – one part due before 30th June and the other part by 18th December.

Employee Benefits:

  • Pension Fund
  • Life Insurance
  • Health Insurance
  • Labor Risk Insurance
  • Maternity Leave
  • Paternity Leave

Taxes

Employer Payroll Tax

Payroll Category Tax %
Pension Fund 19.5%
Social Health Care Plan 6%
Labor Risk Insurance 2.41%
Life Insurance 0.50%

Employee Payroll Tax

Payroll Category Tax %
Pension Fund 11%
Social services institute for pensioner 3%
Social Health Care Plan 3%

Employee Income Tax

Taxable income (ARS) Tax on column 1 (ARS) Tax on Excess (%)
Over (column 1) Not over
                        0   173,834.61 5
          173,834.61         347,669.23             8,691.73 9
      347,669.23         521,503.84             24,336.85 12
      521,503.84         695,338.47           45,197.00 15
      695,338.47         1,043,007.68           71,272.19 19
      1,043,007.68         1,390,676.90           137,329,34 23
      1,390,676.90       2,086,015.35           217,293,26 27
    2,086,015.35     2,781,353.85         405,034.64 31
    2,781,353.85 and on         620,589.58 35

VAT

The standard VAT rate is 21% and a reduced rate of 10.5% for certain industries.

Offboarding & Termination

Termination in Argentina can take place with few restrictions. The employer must notify the termination of the employee in writing. An employer is required to give a minimum of 15 days to 2 months notice period of dismissal, while an employee must give 15 days notice for resignation.

An employer can terminate the contract on mutual agreement, a just cause, or grounds of misconduct and would not be required to give any notice period or payment in this case.

The notice period for employees during the probationary period is from 15 to 30 days, while for permanent employees, it ranges from 15 to 60 days.

Severance payment for those employees who are dismissed without a just cause is equivalent to one month’s salary on each year of service, or a fraction of a year exceeding 3 months.

According to the statutory law of Argentina, severance payment for employees dismissed for redundancy is equivalent to half of the payment as per.

No severance payment is due for dismissals with just cause.

Visa and Immigration

Employees working for more than 90 days in Argentina, need a 23A or 23E visa.

Visa 37
Footer 24x5 New Img2x

Streamline payroll and compliance for your international workforce

Payroll

Minimum Wage

Overtime Pay

Visa & Immigration