Development and update of the salary policy in Peru

Desde el área legal-laboral de UR Global, ofrecemos servicios de elaboración y actualización de la política salarial en Peru.

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What does the elaboration of the Salary Policy in Peru consist of?

The salary policy is the set of guidelines whose purpose is to distribute and determine the salaries of personnel in the organization in a balanced way. That is, it is the organizational and functional structure that determines the payment that each employee will receive according to the assigned function within the company.

Preparation of salary policy in Peru

Peruvian companies must institute salary policies that do not incur differences based on sex and adopt measures to guarantee a work environment without distinction, such as:

  1.   Formalize a table of category and functions, which can be complemented in detail with a Manual of Organization and Functions of the company.
  2.   Establish an objective process for valuing positions according to the strategic needs of the company and the demands that the position may have.
  3.   Determine remuneration without discrimination through a salary scale based on a position evaluation process.
  4. Define the objective requirements for promotion based on a performance evaluation and a precise definition of what is expected of the position.
  5. Define and execute an internal communication plan, in order to make the established definitions known to the employees of the position. the company.
  6. Implement policies for prevention and punishment in the event of any case of sexual harassment or harassment due to pregnancy and breastfeeding.

Why UR Global for the development of salary policy?

At UR Global we have extensive experience advising companies in Peru; both in compliance with their legal and labor obligations. We currently manage more than 60 companies, which allows us to stay permanently updated with the country’s regulatory changes.

We understand the importance of companies having salary policies aligned with current regulations, aimed at promoting remuneration equity and preventing any type of inequality in the work environment.

Frequently asked questions

About Development and update of the salary policy in Peru

At the individual level, discrimination harms the well-being of the company’s workers in addition to restricting people’s freedom.

On the economic level, this affects business productivity and growth. Because the qualities and capabilities of people are wasted in the production processes.

On the social level, it affects the unity of the community and political stability, preventing the effective exercise of citizenship.

For this reason, it is important to develop and update the salary policy in Peru.

All public and private companies are included in the scope of this Law and therefore, are obliged to observe the requirements regarding salary policy in Peru. Thus, from UR Global, our experts will help you prepare or update the salary policy for your company in Peru. In this way, the corresponding inspection and fines by the authorities that regulate it will be avoided.

The authority that regulates and supervises compliance with the salary policy regulations in Peru, SUNAFIL, supervises companies that do not comply with what is stipulated in it and its regulatory developments. Companies that do not have a table of categories or salary policy, or do not inform their workers about these documents, will be fined up to 45 UIT for each violation. (The value of 1 UIT in 2021 is 4,300 Soles, approximately 950 Euros).

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