The Peruvian government is implementing a wage increase alongside a financial support measure for micro and small enterprises (MYPEs). Effective October 1, the minimum wage (RMV) will rise to S/1.230, establishing a new mandatory baseline for labor compensation across the country.
To offset the impact of this wage hike, companies will receive a subsidy of S/100 for each worker. The disbursement of these funds to employers is scheduled to take place at the end of October.
In-depth summary · AI, neutral