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Guatemala’s President announces minimum wage increase for 2024

Guatemala City, Dec 19 (Prensa Latina) Guatemalan President Alejandro Giammattei announced today an effective wage increase from January 1, 2024 of 6.6 percent for this department and 3.6 percent for the rest of the country.

In a message released this morning through the Government channel to the population, the President expressed that he was aware of the work carried out by the National Wage Commission and the Joint Wage Commissions.

He added that he is aware of the importance of an evidence-based analysis to generate actions for the country’s economic growth.

In this administration, for the first time in a long time, a minimum wage setting policy was established that allowed the technical discussion of the sectors, which is promoted by the Executive to encourage talks, he emphasized.

He affirmed that this will allow the increase of salaries, but in a way that takes into account the documented differences existing between both districts (capital department and others) and will create more sources of decent employment in the interior of the nation.

In Guatemala City, an agricultural worker would earn 3,516.86 quetzales per month (around 450 dollars), a non-agricultural worker would earn 3,634.59 quetzales (around 466 dollars) and those who work in export companies and maquilas would earn 3,343.01 quetzales (a little over 428 dollars).

In the other 21 departments, the activities in the field would receive 3,374.42 quetzales (almost 433 dollars), outside of this 3,477.82 (447) and those employed by exporters or maquilas would receive 3,171.90 quetzales (about 407 dollars).

“At the end of my government, in the period 2024 the salary will have increased by more than 17.75 percent and 12.35 in each constituency respectively, despite starting with a pandemic that affected us,” stressed the head of state.

He called on managers to comply with the provisions and to have an updated record of labor contracts in accordance with the usual line of business and location of their workplaces.