Worker Rights and Wage Guarantees: SMI, FOGASA, and Payroll Essentials
... piecework. c. Mixed Salary: part of pay per unit time and part per unit of work.
Guarantees of Wages and Worker Compensation
Wages are the compensation that gives meaning to the work performed by the worker and are crucial, often being the sole or main source of livelihood. For this reason, governments establish instruments to ensure workers receive sufficient wages.
Minimum Interprofessional Salary (SMI)
The SMI is the minimum remuneration set annually by the government for any full-time employee.
Features of the SMI
- The government sets the SMI annually.
- It can be enhanced by collective agreement or employment contract.
- It is indefeasible (non-waivable).
Wage Credit Preferences
The wages of workers have priority over any other debt.