Last Thursday, dialogues began between representatives of workers, employers and the Government on determining the value of the new single basic salary that will prevail in the country in 2024.
This process is carried out annually and proposals are made from both sides to try to reach an agreement. However, consensus is not always reached.
The National Council for Work and Wages is the body where value is discussed and decided.
Until when was the basic salary defined in Ecuador
The National Council for Labor and Wages consists of two sectors: employers and workers. Employee representatives are:
From the side of employers:
Ministerial agreement MDT-2020-185 states that if there is no consensus, the Ministry of Labor determines the amount of the increase. In this case, the government of Guillermo Lasso predicted that the increase would be $25, or $475.
The discussion on determining the basic salary for 2024 begins
During the meeting, macroeconomic forecasts for the next year were announced, which will enable growth to be maintained, as well as product inflation.
There is still no date for the second session of the Council, where the parties will formally present their proposals and arguments.
Source: Eluniverso
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