Employer of Record in Peru | Payroll

Payroll in Peru

Wages

Wages in Peru vary by location and industry. The minimum wage in Peru is currently 1,130 PEN per month.

Salaries

The overall annual average salary in Peru is approximately 25,611.60 PEN per year, with monthly earnings varying significantly by position, experience, and region. The median monthly salary is estimated to be around 2,134 PEN.

Salaries by location in Peru

Lima: Known for offering salaries above the national average, particularly in sectors such as finance, technology, and healthcare.

Arequipa: Offers competitive compensation in industries like manufacturing, education, and trade, with wages generally reflecting the cost of living.

Trujillo: While salaries in Trujillo are competitive, certain sectors may offer compensation slightly below the national average, influenced by regional economic factors.

As your employment partner in Peru, we can provide you with the latest resources and insights on average employee compensation across various roles and regions, ensuring that you make competitive and compliant employment offers.

Payroll frequency

In Peru, employees are typically paid on a monthly basis, with salaries disbursed on a fixed, predetermined date specified in the employment contract or workplace regulations. Peruvian labor law mandates that remuneration must be paid at least once a month, ensuring regular income for employees.

In addition to regular monthly wages, employees receive additional compensation such as annual bonuses or incentives. These payments are often stipulated in collective bargaining agreements or internal company policies and are disbursed according to the terms outlined therein. Employers are required to adhere to the agreed-upon schedules for these payments to maintain compliance with labor regulations.