The Ministry of Finance announced on Wednesday that it has given companies in the public sector instructions to process the additional salary increase of 1% for public administration announced in March.
“The government has issued guidance to companies in the state-owned corporate sector to implement remuneration policies that take into account interim increases of 1% for public administration, following the extraordinary increase in employees in public positions announced in March,” it continues. ministry of Fernando. Medina in a position.
According to the guardianship, “The Ministry of Finance, in an order addressed to the administrations of companies in the state-owned business sector, states that they can implement an additional increase in the global wage bill of an additional 1% in 2023”.
“Continuing to ensure a remuneration policy in line with the Medium-Term Agreement to improve incomes, salaries and competitiveness, this additional interim salary increase must respect collective bargaining and, within the framework of the management options deemed most appropriate, aim at ensuring an effective nominal valuation of profits for each employee”, refer.
According to the executive, “this medium-term wage increase, together with the results of that agreement, will enable an annual increase in the global wage bill of up to 6.1% by 2023, including all securities and compensation components, compared to the amount of personnel costs in 2022, corrected for the absenteeism effect”.
The Treasury Department’s notice addressed to companies in the state-owned corporate sector was signed on Friday and further notes that “the implementation of the salary policy orientation in each company or group of companies should be defined through collective bargaining, if they exist “. .
This, he adds, “without prejudice to situations where the instruments of collective labor regulation or other legal provisions already guarantee the purpose of valorisation”.
Source: DN
