What salary increases will there be from this month?

What salary increases will there be from this month?

Since Monday the salary adjustments minimums in general and in some sectors, in particular, throughout Uruguay. What are the items that will see the impact on your income during the first days of February?

The new year also brought the entry into force of the salary adjustments announced during the last weeks of 2023. The one that will have a widespread impact on all Uruguayan workers is the increase in National Minimum Wage by 5.5%. In this way, the basic income remained, as of yesterday, at 22,268 pesos.

According to him Ministry of Labor and Social Security (MTSS)this increase will be located above the estimated inflation for 2023, whose final figure will be published this week.

What sectors will have salary adjustments?

On the other hand, there are different areas that will also see an additional salary increase, many of them corresponding to the joint agreements previously negotiated.

In the private sphere, most sectors of activity will have the agreed increase in the Salary Tips. These increases vary between 2% and 5%, depending on each negotiation group, including adjustments for inflation and recovery of the real salary. This includes, among others, rural workers, supermarket and warehouse workers, banking, beverages, commerce, stationery, teaching, hotels and gastronomy.

Meanwhile, in the sector of domestic work A general increase of 4.4% governs and the value of the minimum wage per hour rises from 139.22 to 145.34 pesos.

Likewise, in the public sector, central administration officials will have an increase of 6.3%.

Increase for retirees and pensioners

The retirements and pensions, For their part, they will have a provisional increase in January of 8.39%, equivalent to the variation of the Average Nominal Wage Index (IMSN) during the first eleven months of 2023; and that will be charged during the first days of February.

For the retirements and minimum pensions, however, the adjustment will be less. This is because they already received a 3% advance in July, which will be deducted from the announced increase. Therefore, the effective variation to be collected will be 5.39%.

The final percentage of the adjustment will be set in January, when the IMSN for the entire year 2023 is known. The adjustment will occur with the February liabilities, which will be collected in March.

Source: Ambito

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