Labor Costs In Argentina

Labor costs in Argentina are one of the key issues foreign investors should carefully review when doing business in our country. Following, we will break down the current costs of holding and terminating a labor relationship in Argentina.

1. Salaries

Workers in Argentina must earn at least the minimum salaries set forth by the collective bargaining agreement applicable to their particular relationships. Irrespective of the above, under Argentina´s labor public policies, there is a minimum salary, mandatorily established by the Federal Government. As of September 2016, the minimum salary is AR$ 7,560 per month and AR$ 37.80 per hour (Resolution Number 2/2016 of the National Council of Employment, Productivity and Minimum Living Wage)