1.     Supreme Decree No. 4928 of May 1, 2023
» Purpose of the Decree:
i) Establishes the salary increase in the Private Sector, to be agreed between employers and employees with basis on a 3% raise, and applicable to all types of employment contracts.
ii) Establishes the new National Minimum Wage for both public and private sectors in Bs2,362, representing a 5% increase compared to the year 2022.
» Retroactive application:
i) The salary increase and National Minimum Wage will be retroactively applied as of January 1, 2023.
ii) The retroactive payment of the salary increase and implementation of the National Minimum Wage will be made until May 31 of the current year.
» Regulations:
The salary increase for the Private Sector and the implementation of the National Minimum Wage will be regulated by the Ministry of Labor, Employment and Social Security.
2. Supreme Decree No. 4927 of May 1, 2023
» Purpose of the Decree:
Regulates the paid-leave during Father’s Day and Mother’s Day, so that mothers and fathers can participate in commemorative activities and events in their honor.
- Half-day paid-leave is established on May 27th (Mother’s Day) and March 19th (Father’s Day) of each year, applicable in both the public and private sectors.
- In the private sector, the paid-leave is subject to the modalities and working hours of the entity and shall be coordinated with the Human Resources officer.
- The paid-leave may be used during the business day before or after March 19th or May 27th in case these coincide with a Sunday.
3. Supreme Decree No. 4926 of May 1, 2023
» Purpose of the Decree: Read more
