The minimum wage in St Vincent and the Grenadines (SVG) for full time workers has been increased to one thousand dollars (EC$1,000) as government seeks to improve the condition of employment for all workers. The new minimum wages will not only be for full time, monthly workers, but also daily paid workers. The increased wages form part of the 2024 National Budget which was presented by Minister of Finance, Camillo.
Minister of Finance Camillo Gonsalves says a recent report that puts St Vincent and the Grenadines (SVG) as having the lowest salaries in the region, does not take a lot of things into consideration.
Despite salaries in St Vincent and the Grenadines (SVG) being the lowest in the region, the country is considered to have a high level of human development.
The results of the Pay Pulse 2023 Caribbean Salary Survey have painted a bleak picture of salary compensation in St Vincent and the Grenadines (SVG). Out of the 15 countries surveyed, SVG ranked as the lowest-paying country in the region with 73.3 per cent of salaries falling below the regional average. The second annual Caribbean salary report was conducted by the Caribbean Society for Human Resource Professionals (CSHRP)and officially released …