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On October 30, 2023, the National Salary Council approved the minimum wage increase for the private sector for 2024. It was agreed to increase wages by 1.83%. The above was formalized by Executive Decree No. 44293-MTSS of November 9, 2023, published in the newspaper La Gaceta on December 14, 2023.
In view of this decree, the amounts for ordinary daily working hours and monthly generic occupation are as follows:
For ordinary working hours:
|
Workers in Unskilled Occupation |
₡ 11.953,65 |
|---|---|
|
Workers in Semi-Skilled Occupation |
₡ 12.998,72 |
|
Workers in Skilled Occupation |
₡ 13.448,72 |
|
Workers in Specialty Occupation |
₡ 15.613,91 |
Generic occupations per month:
|
Workers in Unskilled Occupation |
₡ 358.609,50 |
|---|---|
|
Workers in Semi-Skilled Occupation |
₡ 389,961.60 |
|
Workers in Skilled Occupation |
₡ 403.461,60 |
|
Diversified Education Media Technicians |
₡ 422.798,93 |
|
Workers in Specialty Occupation |
₡ 463.248,99 |
|
Higher Education Technicians |
₡ 521.053,17 |
|
Higher Education Diplomas |
₡ 562.756,90 |
|
University Baccalaureates |
₡ 638,299.51 |
|
University Graduates |
₡ 765.985,67 |
The increase in the above categories does not affect those positions whose salary was already above the minimum amount set.
If you require our assistance in (i) the preparation of legal opinions regarding minimum wage issues or (ii) review the applicable legal framework to determine the minimum wage corresponding to your workers, do not hesitate to contact our team specialized in labor matters.
· Laura Navarrete Hernandez: Laura.Navarrete@cr.ey.com
· Guillermo Vargas Masís: Guillermo.Vargas@cr.ey.com
· Karina Piedra Chacón: Karina.Piedra.Chacon@cr.ey.com
· Melany Perez Villegas: Melany Perez@cr.ey.com
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