New Minimum Monthly Wage Increases For Private-sector Workers
Published date | 12 August 2021 |
Subject Matter | Corporate/Commercial Law, Employment and HR, Corporate and Company Law, Employee Benefits & Compensation |
Law Firm | L&E Global |
Author | Ms Angelina Salegna Bacó |
On 14 July 2021, the National Salary Committee agreed to a new minimum monthly wage increases for private-sector workers. The new minimum monthly salaries will be:
- RD $21,000 (approximately US $368.00), equivalent to a 19% increase in large companies
- RD $19,250 (approximately US $337.00), equivalent to a 59% increase in medium-sized companies
- RD $12,900 (approximately US $226), equivalent to a 20% increase in small companies
- RD $11,900 (approximately US $208), equivalent to an 11% increase in micro-enterprises
This accounts for an average percentage equivalent to a 24% increase.
Discussions on the wage issue were held in record time, prompting the convening of the meeting of the National Salary Committee, and were developed through the tripartite consensus, made up of representatives of the employees' sector, the employers' sector and the...
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