Wages
Petro Decrees 23% Minimum Wage Increase to $1,750,905 for 2026 After Stalled Talks
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Following the anticipated Dec 29-30 announcement after failed Tripartite Commission negotiations—as previously reported—President Gustavo Petro decreed a 23% hike to the 2026 legal monthly minimum wage, setting it at $1,750,905 plus $249,095 transport allowance (up 24.5%), totaling $2 million. The move aims to cover vital family living costs amid criticism from business leaders over economic risks.
A new report outlines hourly and monthly payments for nannies and adult caregivers in the household staff sector starting January 2026. It covers specific categories with minimum wages and year-end bonuses.
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President Gustavo Petro urged the Superintendencia de Industria y Comercio to probe unjustified increases in goods and services tied to the recent vital salary hike. In a televised Council of Ministers, he criticized practices exploiting the 23.7% salary rise to inflate costs in areas like education and building management.
Caretakers rank among the highest earners in the domestic and general labor category, per KNBS data. Their minimum monthly basic wage in major cities stands at KSh 33,416.8. This exceeds pay for most other domestic workers.
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CEOE's Executive Committee agreed on Tuesday to propose an increase in the minimum interprofessional salary (SMI) of up to 1.5% for 2026, reaching 1,202 euros gross per month in fourteen payments, subject to IRPF taxation. This proposal aligns with the raise planned for public employees and the goals of the European Minimum Wage Directive. Unions, meanwhile, advocate for a larger 7.5% hike.