Venezuela

Employment

Employment contracts do not have to be written, unless for a fixed term. Once an employment relationship is started between both parties, all statements, accusations and complaints made by the employee are considered to be true.

Payroll

Salaries are paid monthly. Paydays vary from company to company.

HR & Labor

Working Hours: Full time employment is considered eight hours a day and 40 hours a week. Employees are entitled to a break after working five consecutive hours.
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Minimum Working Age: Employees must be at least 14 years of age to be employed.

Immigration

Employees must obtain a work visa to begin employment in Venezuela. This visa is called the non-resident employee visa, which will later assist in applying for a work permit.
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The employer must submit the appropriate documentation to the Administrative Service for Identification, Migration and Foreign National of the Ministry of the People’s Power of Internal Affairs and Justice. Once the application is approved, the employee must obtain the visa from their local Venezuelan consulate or embassy.

Minimum Wage

Minimum wage is $138 per month.

Pension Fund

Employers contribute between 9-11% of employees wages depending on the employee’s position.

Employees contribute 4% of their wages. The contribution ceiling is five times the minimum monthly wages.

Severance Payments

Employees are entitled to “seniority pay” of 30 days average wage per each year worked in the company at the time of termination.

Advance Notice

There is no official advance notice requirement, it depends on the employment contract and what both parties have agreed on. Employees who have “just cause” can resign without any notice.

Termination Procedure

Employers cannot dismiss employees without a “just cause” as they are protected by labor stability. After Dismissal, employers have five days to inform the court and justify the dismissal.

Sick Days

Employees are entitled to 12 months of sick leave. The employer is responsible for reimbursing employee’s monthly wages for the first three days of the sick leave. Afterwards the state will reimburse ⅔ of the employee’s salary up to maximum of five times the minimum wage.

*Employees must provide appropriate medical documentation within 48 hours of their absence.

Vacation Days

Employees are entitled to 15 paid vacation days, after one year of employment. For each year following, employees receive one additional vacation up to 30 days.

Public Holidays

There are 12 public holidays.

Additional Employee Withholdings

1) Unemployment Insurance
2) Housing Policy
3) Training and Education

1) Employer contributes 2% of the employee’s normal salary.
2) Employer contributes 2% of the employee’s total income received.
3) Employer contributes 2% of the employee’s salary.

1) Employees contribute 0.5% of their monthly salaries. Contribution ceiling is ten times the monthly minimum wage.
2) Employees contribute 1% with no contribution ceiling.
3) Employees contribute 0.5% of their profit sharing payment, with no contribution ceiling.

Social Security

Employers contribute 10% - 12% of employee’s salary on monthly, limited at at VEF 37, 108.4 per month.

Employees contribute 4% on a monthly basis, limited at VEF 37, 108.4 per month.

VAT

VAT is 12% standard rate.