In a meeting led by President Luis Abinader, the National Wage Committee, in consensus with unionists and the national business community, agreed yesterday to increase the minimum wage by 19% for non-sectorized private employees.
The Minister of Labor, Luis Miguel De Camps, reported that the increase will take effect from next month, with an increase of 15% and subsequently from February 1, 2024 an increase of 4% for large, medium, small and micro businesses.
While Abinader said that with consensus through tripartite dialogue, made up of unionists, businessmen and the Ministry of Labor as mediator, employers demonstrate “once again their social commitment to true economic and social development” of the country.
With the 15% increase, large companies with a minimum wage of RD$21,000 will go to RD$24,150, for an increase of RD$3,150; the medians go from RD$19,250 to RD$22,138, for an increase of 2,887.5 pesos.
Small companies with a minimum wage of RD$12,900 will increase RD$1,935, placing it at RD$14,835. While microenterprises, with a minimum wage of RD$11,900, increase 1,785 to place it at RD$13,685.
When the remaining 4% is applied in February 2024, large companies will pay RD$25,116; the medium ones RD$23,023, the small ones RD$15,428, and the micro ones RD$14,232.