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,

This post was contributed by Valentina Albarrán, Associate, Norton Rose Caracas.

Youth Employment Law On October 8th, 2014 a Youth Employment Law (the “Law”) was approved by the Venezuelan President under the Enabling Law granted to the Executive Power by the Venezuelan Parliament.

The Law has yet to be published in the Official Gazette of

This post was written by María Gabriela Vicent, Associate, Norton Rose Fulbright (Caracas)

A new Law for Registration and Enlisting for the Integral Defense of the Nation (the “Law”) was enacted on June 25, 2014, forcing individuals and companies to register in the Integral Defense Registry (Military registry).

Among the obligations set by the Law

In Venezuela, labor and employment anti-discrimination rules do not extend to interns and volunteers unless their contracts explicitly acknowledge equal treatment. The Organic Labor Law (the “LOTTT”) provides protection for any individual under an employment relationship.

Therefore the issue here is to determine who is an employee and who is not. The LOTTT states that

Employers with more than 20 workers are required to provide a day-care center, where such workers whose salary is less than five minimum salaries can leave their children aged between three months and six years during the work day.

To comply with this requirement, employers may choose between several options provided in the corresponding legislation.

On October 18, the President of the Republic published Decree Nº 503 (the Decree), establishing an increase of 10% in the minimum salary for public and private sector workers from November 1, 2013, using the 2013 National Consumer Price Index (INPC) as a reference. Below you will find our comments on the most relevant aspects