What is Prestaciones sociales?
Prestaciones sociales (statutory social benefits) are economic benefits the employer must pay in addition to salary: the prima de servicios (service bonus), the cesantías (severance fund), interest on the cesantías and vacation.
They are calculated on salary and aim to protect the worker. They do not apply in the same way to those on an integral salary (salario integral).
In practice
A worker on an ordinary salary receives, in addition to pay, the prima, cesantías, interest on the cesantías and vacation over the course of the year.