Decrypting Peru's Labor Environment

With a mixture of emerging and booming economies, political uncertainty and extreme contrasts in business customs, the Americas can never be categorized as one homogeneous whole.

When you operate in multiple countries and start to hire your employees, you must be aware to be fully compliant with the local labor regulations as well as your internal HR and payroll policies. Here we take a look at how HR & Payroll works in Peru.

Social Security System

• Peru's mandatory social security system is managed by the Social Security Administration for Heath Services (EsSalud). The monthly contribution is of 9% of an employee's gross salary.
• Employees are required to contribute towards the national pension (pension to retired employees) or private pension systems (contributions are withheld by the employer).