|
Venezuela - LABOUR MARKET |
|
|
Labour market indicators
Unemployment rate in
1999
:
14.9%
(ILO data)
Working population:
|
Year
|
Total Population
|
Working population
|
Activity rate
|
|
2004
|
26 127 000
|
11 111 291
|
43%
|
Employment by sector:
|
Year
|
Agriculture
|
Industry
|
Services
|
|
2003
|
10.7%
|
19.8%
|
69.1%
|
| Sources: ILO, Eurostat, last available data |
|
Employment contracts
Employment contracts are regulated by law and collective agreements.
Salaries
National monthly minimum wage as of
01/01/03
:
The monthly minimum wage at present exchange rates is $163 (190,080 bolivars) in the private sector for urban workers, $150 (174,240 bolivars) for employees of small and medium-sized companies, and $150 (174,072 bolivars) for rural workers.
Average wage for a
employee
in the manufacturing industry in
1997
:
141,122
bolivares
by
month
(ILO data)
Social security contributions
Employer:
N/A.
Employee:
N/A.
|
|
Number of hours
Legal definition of full time work (per week):
44 hours
Retirement age:
N/A.
|
|
Unions
Average rate of union membership:
28 %.
Unions:
N/A.
Useful links
For further informations on the labour market, check out the following web sites:
- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets
- NATLEX : ILO database on national labour laws
-
Venezuela Labour Law Profile
Export Entreprises SA ©, All rights reserved
Last modified in
January 2006
|
|
| |
