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Labor Market
The labor market provides skilled labor. A high participation of the population, especially of females, contributes to a remarkable increase of the labor force in comparison to 1991. The labor indicators in the table below indicate the situation for the working population of 15 to 64 years.
| | Census 1991 | LFS 1994 | LFS 1997 | Census 2000+ | LFS 2007 | | Population | 66,687 | 78,450 | 87,720 | 90,506 | 104,006 | Working population15-64 | 45,563 | 55,236 | 61,366 | 62,637 | 73,287 | | Employment 15-64 | 28,740 | 35,743 | 38,736 | 41,286 | 50,967 | | Unemployment 15-64 | 1,866 | 2,492 | 3,144 | 3,098 | 3,089 | | Economically Active Pop | 30,606 | 38,234 | 41,880 | 44,384 | 54,057 | | Economically Inactive Pop | 14,780 | 16,931 | 19,486 | 17,840 | 19,230 | | Employment rate (%) | 63.3 | 64.8 | 63.1 | 66.4 | 69.5 | | Unemployment rate (%) | 6.1 | 6.5 | 7.5 | 7.0 | 5.7 | | Participation rate 15-64 (%) | 67.4 | 69.3 | 68.2 | 71.3 | 73.8 |
Source: CBS Census 1991, 2000; CBS Labor Force Survey (LFS) 1994, 1997, 2007(Provisional)
Minimum Wages Statutory minimum wages are in force for workers above the age of 18 and effective July 1, 2009, the following minimum wages per month apply to: Business: Afl. 1,542,90 (US$ 861.96) Household personnel live-in: Afl. 719,80 (US$ 402,13)
These wages exclude social charges and other benefits.
Working Hours
A maximum of 8½ hours daily for a 5-day working week, not exceeding 42½ hours is allowed, or a maximum of 8 hours daily not exceeding 45 hours for a 6-day working week, except for enterprises such as hotels, casinos, restaurants and oil refining, for which shift work is required and a maximum of 48 hours per week is allowed.
Holidays With Pay
Each employee is entitled to a paid holiday of at least fifteen working days per year. Eleven days of the year are public holidays.
Overtime work per hour is compensated as follows: | Monday through Saturday: | + 50%; | | Sunday: | + 100%. |
Work on a public holiday is compensated 100% above the normal hourly wage. Shift work is compensated 15% above the normal hourly wage, when mutually agreed upon or when a collective labor agreement is in force.
Cessantia (Severance Pay) The employee whose employment has been terminated for reasons other than his fault is entitled to a layoff compensation, which is calculated as follows: One (1) week pay per each year between 1 and 10 years of service; One-and-a-quarter (1¼) week pay per each year between 11 and 20 years of service; Two (2) weeks pay for each year of service above 20 years.
In virtue of this ordinance the employer is obliged to contribute with a premium of Af 40 per year per employee to the Cessantia Fund.
For more information, apply to:
Directie Arbeid
L.G. Smith Boulevard 134
Oranjestad
Phone: 297 583 7720
Fax: 297 583 7422
E-mail:
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Investment Promotion 