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Employment Adjustments Published in March 2018
In the Official Gazette of the Bolivarian Republic of Venezuela N° 41.351 of March 1st, 2018, was published the Presidential Decree number 3.301, increasing 58% the minimum wage. Enexpectedly, the 58% increase is not from March 1, 2018, but from February 15, 2018, therefore its application is retroactively. Minimum wage : In this opportunity the […]
Adjustments September 2017 MINIMUM WAGE AND CESTATICKET SOCIALISTA IN VENEZUELA
Through Decrees 3.068 and 3.069 (Official Gazette of the Bolivarian Republic of Venezuela N° 41.231 of Sep 9, 2017), President Nicolas Maduro increased both the minimum wage and the Cestaticket Socialista (Meal benefit). The adjustments are manadatories since Sep 1, 2017. MINIMUM WAGE: In this opportunity the President decreed a 40% minimum wage increase, which […]
ADJUSTMENTS IN THE MINIMUM WAGE AND CESTATICKET SOCIALISTA IN VENEZUELA
EFFECTIVE MAY 1, 2017 Through Decrees 2.832 and 2.833 (Official Gazette of the Bolivarian Republic of Venezuela N° 6.296 E of May 2, 2017), President Nicolas Maduro increased both the minimum wage and the Cestaticket Socialista (Meal benefit). The President decreed a 60% minimum wage increase, which went from Bs. 40.638,15 to Bs. 65.021,04. […]
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