New Minimum wage in Honduras

The government has established by decree a minimum wage increase ranging between 3 and 6%.

Monday, November 1, 2010

The percentage increases varies with the number of company workers and whether it is in an urban or rural area.

"Workers earning $ 291.08 in urban areas, whose companies have more than 50 workers must now receive $ 311.51, so these employees will earn an additional $20.43", explained Tiempo.hn. "Companies with fewer than 20 workers will continue to pay $ 291.08 per month".

More on this topic

Minimum Wage Increase Approved in Honduras

January 2012

Increases in the minimum wage effective for the next two years range from 5 to 7%.

According to the agreement the percentage increases vary depending on the number of workers who work in companies. Where there are 1 to 50 the increase is 5.6%, from 51 to 150 it is 6.24% and for more than151 employees the percentage is 7.25%.

Minimum Wage to Increase between 15 and 18% in Panama

January 2012

The Executive has established a rise of between 15 and 18% in the minimum hourly wage, depending on economic activity, occupation and the size of the business, across the country.

A press release from the Presidency of the Republic of Panama states:

In virtue of the inability of the National Minimum Wage Commission, made up of workers and employers, to reach an agreement on the minimum wage, which should come into effect from January 1, 2012, the Executive has established an increase of between 15 and 18% on the minimum hourly wage, depending on economic activity, occupation and size of businesses across the country.

Wages and Productivity in Panama

October 2011

The president of the Chamber of Commerce and Industry of Panama has called for an increase in the minimum wages and for productivity to be included in the formula that determines it.

Regarding discussions on the minimum wage, no conclusion has been agreed between the parties -workers and employers, and if this situation continues until the end of the year, it could mean that the final figure is established by Executive decree.

Honduras to Increase Minimum Wage

October 2010

In the absence of agreements at negotiating tables between employers and employees, the President approved the increment.

This was announced by President Porfirio Lobo, who gave no details of percentages to be applied, but stressed that the increase will be retroactive.

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