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Minimum Wage Increase and Salary Adjustments for Several Sectors and Industries
Important Action by Regulatory Agency
Author: Francisco Cerda, Partner – BDS, Member of Littler Global
The National Minimum Wage Commission increased the minimum wage by 7% for various sectors, including: Agriculture, fishing, manufacturing, commerce, construction (mostly administrative employees), financial and insurance establishments, among others.
Additionally, the Ministry of Labor applied an adjustment of 9.28% to the salary per unit of time for carpenters, bricklayers, and shipowners in the construction industry, and an adjustment of 9% to the prices of the “Table of Prices for Piece Labor.” The increase is mandatory for any national or foreign company that operates in Nicaragua.
