In 2026, workers in Colombia could receive an 11 % wage increase, according to current discussions being held by the Ministry of Labor with other relevant authorities.

It is estimated that next year, the current Legal Monthly Minimum Wage (SMMLV in Spanish) will rise “to double digits, reaching almost 3 million pesos with contributions,” despite “alarming business projections regarding total labor costs.”

The base figure is projected to be around 1.6 million pesos. Internally, estimates of the real cost of a worker to the employer are around 3 million pesos.

The Ministry of Labor has proposed an 11 % increase. “This proposal aims to restore workers’ purchasing power, significantly exceeding inflation projections for the end of the adjustment cycle.”

With this increase, the minimum wage would rise from $1,423,500 to $1,580,085; the transportation allowance would increase from $200,000 to $222,000, bringing the total amount received by workers from $1,623,500 to $1,802,085.

However, if employer contributions to pension and health insurance, social benefits (bonuses, severance pay, and vacation pay), and parafiscal contributions (Compensation Funds) are included, the total employer burden would be approximately between $2,730,000 and $2,800,499 COP, which is double the net minimum wage.

The deadline for an agreement from the tripartite committee is December 15. If no agreement is reached by then, the National Government will have until December 30 to decree the increase on its own.

M.Pino

Source: marca

(Reference image source: Flavia Carpio on Unsplash)

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La entrada Colombia could increase the minimum wage by 11 % in 2026 apareció primero en Bitfinance.

Spain could approve the royal decree for a semiannual increase in the minimum wage in 2026 if it doesn’t cover inflation.

“In the draft, the ministry led by Yolanda Díaz also includes a prohibition on companies offsetting the increase in the minimum wage through bonuses or salary supplements, as this would allow them to avoid the obligation to increase the wage annually.”

That is, salary supplements derived from “the conditions under which the activity is carried out, such as night work, dangerous work, or shift work, among others,” cannot be used to offset the increase in the minimum wage.

If the decree is approved, the minimum wage must follow the principles of the European Social Charter, always remaining at 60 % of the average wage. The regulation clearly states that “the calculation of the minimum wage will be based solely on monetary remuneration, excluding wages in kind.”

M.Pino

Source: publico

(Reference image source: Alicia Christin Gerald on Unsplash)

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La entrada Spanish government considers raising the minimum wage every six months due to inflation apareció primero en Bitfinance.

An international investment exceeding $40 million is the starting point for the recovery and modernization of Venezuelan paperboard plants, according to announcements by government officials.

This project is being developed jointly by “the Executive Vice Presidency of the Republic, the Ministry of Industry, the Ministry of Labor, and the International Center for Productive Investment (CIIP).”

This investment will allow for the modernization of equipment in Venezuelan paperboard factories, as well as “the incorporation of new technologies, with the aim of guaranteeing job stability and strengthening national production,” states the Ministry of Industry website.

Venezuela seeks to cover domestic demand for paperboard packaging in key sectors such as food, pharmaceuticals, and consumer goods, significantly reducing its dependence on imports.

The project is expected to generate hundreds of new direct and indirect jobs, “contribute to the dynamism of the national industry, and open the possibility of exporting surpluses in the medium term, thus making the paperboard sector a strategic link in the country’s production chain.”

M.Pino

Source: ultimasnoticias

(Reference image source: Luke Heibert on Unsplash)

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La entrada Venezuela to receive over $ 40 million in international investment to revive paperboard factories apareció primero en Bitfinance.

The Spanish government gave its approval to the draft law to reduce the working week, without affecting wages, to 37.5 hours per week.

Although the law must be introduced in March to the Congress of Deputies for voting, it is expected to come into force before the summer. Important previous steps are required before it is fully applied. In this sense, companies will have until December of this year to adapt to the new schedule.

The application of the law requires a reformulation of the control of hours, adoption of digital systems for employee registration by companies and real-time inspection methods by the Labor Inspectorate.

In case of non-compliance with the registration of hours and the reduction of the working day as specified, companies will receive a fine of 10,000 euros per worker.

Part-time contracts with an average working day equal to or greater than 37.5 hours per week, “will become full-time employment contracts from the application of the new legal working day.”

M.Pino

Source: rtve

(Reference image source: Eric Wang on Unsplash)

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La entrada Spain approved draft law to cut working week to 37.5 hours apareció primero en Bitfinance.

This Wednesday, before the National Congress of the Dominican Republic, deputy Orlando Jorge Villegas announced a new bill to regulate teleworking and face-to-face jobs, as reported by the parliamentarian in the assembly.

The proposal specifies that both teleworkers and face-to-face employees must have the same rights and obligations, which is why within the project it is established that their performance will be measured under the same standards.

It is also attributed that they will have the opportunity to opt for promotions or changes of modality as long as their performance, experience and preparation make them eligible for it.

The intention expressed by Villegas is to establish equal pay in different areas and for this the legislator said that he has held meetings with the representative of the Ministry of Labor, Luis Miguel DeCamps, in order to unify criteria and points of view with the institution that regulates labor issues in the country.

In this sense, the legislator stated that within the project, remuneration is established for employees for the use of their personal tools, such as the Internet, electricity and local telephone.

K. Villarroel

Source: diariolibre

La entrada Dominican Congressman submits bill to regulate teleworking apareció primero en Bitfinance.