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NICARAGUA WITH ANNUAL ADJUSTMENT TO THE MINIMUM WAGE
[/vc_column_text][vc_column_text css_animation=""]On February 23rd of this year, the government sectors that make up the National Minimum Wage Commission of Nicaragua, which is made up of government sectors, private companies and several workers' unions, jointly approved the new minimum wage scheme that will govern labor relations in our country, in force during the year 2023-2024. It is important to note that the increase will be approximately 10% in total during the year and will come into effect as of March 1st of this year 2023. Below is the salary table with the increases by sectors: Minimum Wage Table by Sector
| SECTOR OF ECONOMIC ACTIVITY | VALID FROM MARCH 1, 2023 TO FEBRUARY 29, 2024 |
| PERCENTAGE OF MONTHLY SALARY | |
| Agricultural | 10% C$5,196.34 |
| Fishing | 10% C$7,901.21 |
| Mines and Quarries | 10% C$9,332.44 |
| Manufacturing Industry | 10% C$6,987.06 |
| Micro and Small National Craft and Tourism Industry | 10% C$5,474.46 |
| Electricity and Water, Commerce, Restaurants and Hotels, Transportation, Storage and Communications | 10% C$9,531.14 |
| Construction, Financial Institutions and Insurance | 10% C$11,628.95 |
| Community, Social and Personal Services | 10% C$7,284.71 |
| Central and Municipal Government | 10% C$6,480.04 |
| Industries Subject to Special Regime | 8% C$8,098.46 |
If you have any questions please contact us at 505-22231007 or via email tocvivas@lexincorp.com [/vc_column_text][vc_column_text]Escrito por: Lic. Claudia Vivas[/vc_column_text][/vc_column][/vc_row]
