El Salvador: Minimum Wage Increase of 8% in Effect
With the approval by the Executive, an 8% increase in the minimum wage will come into force on May 16.
Monday, May 16, 2011
The agreement reached by employers, unions and government representatives, on 28 April, is waiting for ratification by the president in order to be implemented.
The National Wages Council agreed on Thursday to increase the minimum wage by between 4 and 8% starting January.
The Government, private enterprise and workers agreed to a minimum wage increase of 8% for all sectors.
Starting on the first of September the minimum wage will increase by between 4% and 6% depending on the sector.
Companies, workers and the government are discussing a new salary increase for the private sector; the initial proposal is for a 10% increase starting January 2009.
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