On April 6, 2022, it was published in the Official Gazette, the Tripartite Agreement on the negotiation for the fixing of the minimum wage for the years 2022 and 2023, which has been approved by the Ministry of Labor and Social Security through the Executive Agreement No. STSS-308-2022, in which the adjustment percentages of the Minimum Wage are set at the national level for the years 2022 and 2023, which will be retroactive with effect from January 1, 2022.
The range of the approved minimum wage is as follows: the minimum wage ranges between Seven Thousand Four Hundred Eight Lempiras Monthly (approximately US$302) and Fourteen Thousand Three Hundred Forty-Seven Lempiras Monthly (approximately US$585), depending on the activity or category of the company, and on the size of the companies or the number of workers. For the year 2022, the minimum wage reflects a percentage adjustment as follows:
- From 1 to 10 employees: 5.32 %
- From 11 to 50 employees: 5.50 %
- From 51 to 150 employees: 6.50 %
- From 151 employees onwards: 7.50 %
The increases are based on the economic activity of each company.
The present Agreement indicates that the adjustments corresponding to the months of January, February and March of the year 2022, will be paid deferred in the months of April, May and June of this year. It is important to highlight that the workers of the Honduran Textile Sector and other Free Zone Companies are excluded from this Agreement.
To establish the adjustments to the current minimum wages, the behavior of the economy and the labor market in Honduras was taken into consideration. The restructuring of the minimum wage was carried out by representatives of the Employer Interest, Workers Interest and Public Interest.