Narayan AmmachchiHonduras will increase its minimum wage by up to 7%, aiming to alleviate the effects of inflation on workers.
The increase will vary among sectors and company sizes. Firms with fewer than 50 employees will see a 5.5% adjustment, while those with 51-150 employees will face a 6.5% increase. Factory workers will receive the highest increment, with a 7% boost to their salaries.
In 2023, the average monthly minimum wage in Honduras was 12,377.73 lempiras (approximately US$501). This translates to 412.59 lempiras (US$16.7) per workday and 51.57 lempiras (US$2.9) per hour.
The decision came after a meeting between employers and workers’ representatives in the capital city of Tegucigalpa.
The wage increase will be reflected in salaries from February onwards. Government authorities intends to re-evaluate the national minimum wage levels in 2025, depending on inflation.
The Tripartite Commission, composed of government, worker, and employer representatives, established a safeguard clause. If inflation exceeds the predetermined 2025 adjustment, an additional increase will be applied to match the inflation rate.
Daniel Durón, General Secretary of the Workers’ Union, stated that “we’re not entirely satisfied [with the wage increase].” Nevertheless, he added, the decision was accepted. Durón called on companies to respect the agreement.
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