What date does the law specify salary must be paid in El Salvador?
Salary payments in El Salvador must be made on one of the following dates:
- The agreed date specified in the employment agreement.
- The date set in internal work regulations.
- The customary date.
- Alternatively, if the salary is based on a unit of time, it should be paid at the end of the corresponding period (week, fortnight, or month) or on the immediately preceding working day.
How is salary calculated and what components does it consist of in El Salvador?
In El Salvador, salaries are calculated on a monthly basis. For labor purposes, all months are considered to have 30 days.
Is there a legal obligation to pay salaries in the same month in El Salvador?
Yes, there is a legal obligation to pay salaries in the same month in El Salvador.
How many salary payments are made per year in El Salvador?
In El Salvador, there are 12 salary payments made per year. Additionally, there is an "aguinaldo" or annual bonus which is a legally mandated benefit, but it is not considered a 13th salary payment.
Is salary payment monthly and is payment standard at the end of the month in El Salvador?
If the salary in El Salvador is stipulated per unit of time, it must be paid at the expiration of the corresponding period. This can be on a weekly, fortnightly, or monthly basis, or on the immediately preceding business day.
Should the employment agreement specify salary in monthly or annual amounts in El Salvador?
In El Salvador, the employment agreement should specify the salary in the following manner:
- For supported employees earning monthly salaries, the employment agreement should state the monthly gross salary.
- For supported employees earning hourly salaries, the employment agreement should state the hourly gross salary.
Velocity Global El Salvador's standard employee agreement template for El Salvador uses monthly amounts for specifying salaries.
What is the minimum wage information in El Salvador?
In El Salvador, the minimum wage for the Services sector, where Velocity Global El Salvador operates, is set for 2025 with the following rates:
- USD 365.00 per month
- USD 12.00 per day
- USD 1.50 per hour