Source:
CIA - The world factbook
; UN - United Nations
; World Bank
Note: (e) Estimated data
Working conditions
Legal weekly duration
48 hours
Retirement age
65.
Working contracts
Employment contracts are regulated by legal clauses and to a lesser degree by collective agreements and individual negotiations. The terms of employment contracts, the conditions for hiring and the limits for dismissal are very flexible.
Cost of labor
Minimum wage
486 soles (USD 153)
Average wage
Average monthly gross earnings is PEN 800 (USD 250).
Social contributions
Social security contributions paid by employers: 27%.
Social security contributions paid by employees: 0 %.
Social partners
Social dialogue and involvement of social partners
Labour market
Peru
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The active population in figures | Working conditions | Cost of labor | Social partners
The active population in figures
Source: CIA - The world factbook ; UN - United Nations ; World Bank
Note: (e) Estimated data
Working conditions
The terms of employment contracts, the conditions for hiring and the limits for dismissal are very flexible.
Cost of labor
Social security contributions paid by employees: 0 %.
Social partners
General Confederation of Peruvian Workers
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Last updates: May 2012