Information contained in this publication is intended for informational purposes only and does not constitute legal advice or opinion, nor is it a substitute for the professional judgment of an attorney.
Browse through brief employment and labor law updates from around the globe. Contact a Littler attorney for more information or view our global locations.
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Increased Minimum Wage
New Order or Decree
Authors: Monica Schiaffino, Shareholder, and Valeria Cutipa Hernandez, Associate – Littler
Effective January 1, 2024, the national general minimum wage increased to $248.93 pesos per day, and $374.89 pesos per day in the Free Economic Zone of the Northern Border. This represents a 20% increase in both zones. Companies must review and adjust their payroll practices to comply with this new minimum wage increase, which could also affect benefits such as the savings fund and food coupons depending on how these benefits have been agreed upon with employees and unions. Review additional details on Littler.com.
