President Giammattei Announces Minimum Wage Increases

These efforts demonstrate President Giammattei’s commitment to the Guatemalan working population.

by Victor Cojulún
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Guatemala City, by Yuliza Muñoz -AGN- In a message to the Guatemalan people, President Alejandro Giammattei announced an increase in the minimum wage. This measure will come into effect on January 1, 2024.

President Giammattei explained that the measure aligns with the objectives outlined in his Government Policy, which establishes plans for the country’s development and the population’s well-being.

Along with the Minister of Labor and Social Welfare, President Giammattei shared this news, which will benefit Guatemalan workers, improve their economy, and guarantee a better quality of life for their families.

In his speech, President Giammattei highlighted, “For the first time in the country, a policy for setting the minimum wage was established, allowing for technical discussions across different sectors and aspects to consider.”

The Increase

Following the work led by the National Salary Commission and the Joint Salary Commissions and after several dialogues, Economic Sectors 1 and 2 were created to regulate the increase.

For Economic Sector 1, comprising the Department of Guatemala, the wages will be adjusted as follows:

  • A 6% salary increase for agricultural activities, representing 107.11 quetzals. 
  • A 6.6% increase for non-agricultural activities, amounting to 110.97 quetzals  daily.
  • A 6.6% increase for export and maquila activities, amounting to 101.41 quetzals.

For Economic Sector 2, consisting of all departments of the country except Guatemala, the wages will follow these regulations:

  • A 4.3% salary increase for agricultural activities, amounting to 102.44 quetzals .
  • A 4.6% increase for non-agricultural activities, amounting to 105.83 quetzals .
  • A 3.3% salary increase for export and maquila activities, totaling 95.80 quetzals .

Authorities also detail that the monthly incentive bonus of 250 quetzals must be added to the payment for all activities in both sectors.

Commitment

The president referred to these actions as part of the commitment made by his administration from day one. He explained that this progress is centered on the desire to ensure the well-being of Guatemalans and to dignify their efforts.

President Giammattei underscored his commitment toward the Guatemalan workers, stating, “I have dedicated my efforts to ensuring that each measure implemented significantly contributes to the progress of our country. My commitment is unwavering: to ensure the security and well-being of Guatemalans and their families.”

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