On November 17, 2014, the President of the Republic issued Decree Nº 1.431 (the Decree), through which he increased the minimum salary for public and private sector workers by 15%. Such became effective on December 1, 2014.
- Minimum salary
The Decree fixed the following scales for workers’ minimum salaries, with effect on December 1, 2014, notwithstanding the number of workers rendering services for the employer:
Category |
From 12/1/2014 (Day shift) |
|
Monthly |
Daily |
|
Public and private sector workers |
Bs. 4,889.11 |
Bs. 162.97 |
Adolescents / Apprentices |
Bs. 3,635.95 |
Bs. 121.20 |
According to the provisions of article 7 of the Decree and in … Continue Reading