Increase in the Minimum Salary
Presidential Decree No. 1,431 was published in Official Gazette No. 40,542 of November 17, 2014. The Decree provides for a 15% increase in the minimum salary. The increase will become effective on December 1, 2014. As from said date, the minimum salary will be as follows:
a) Bs. 4,889.11 per month for urban workers of the private and public sectors.
b) Bs. 3,635.95 per month for adolescents and apprentices.
In order to access the Decree, please click here.