Fijación de Salario Básico Unificado / 2024
On December 15, 2023, the Ministry of Labor of Ecuador, through Ministerial Agreement No. MDT-2023-175, established the unified basic salary (SBU) of the worker in general, for the year 2024, at US $460.00 (four hundred sixty 00/100 dollars of the United States of America).
This provision is applicable from January 1, 2024 and affects workers in general, including small industry workers, agricultural workers, maquila workers, paid household workers, operators (artisanal sector) and microbusiness collaborators.
If you have questions or concerns regarding this provision or its implications for your company or business, please do not hesitate to contact us.