Costa Rica: Minimum Wage Increases 3%The increase will apply to the private sector from January 1st, 2019, and will continue throughout the year, applying to all salary categories.Thursday, October 25, 2018
The representatives of the National Wage Council reported that after analyzing the proposals presented, the minimum wage adjustment was unanimously approved on October 24th. Source: Crhoy.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Minimum Wage: Businessmen's proposal in GuatemalaSeptember 2019 The country's business sector proposes that elements such as productivity, economic growth and the level of formality be taken into account when calculating the minimum wage, instead of the decision only revolving around the basic basket variable. Costa Rica: 2.43% Increase in Minimum WageNovember 2017 As of January 1, 2018, the increase rate will apply to the private sector, which will apply for all wage categories and will remain in force throughout the year. Nicaragua: Changes to Calculation of Minimum WageMarch 2015 The private sector has rejected the methodology used by the government to establish the increase for this year and presented a proposal to make adjustments in the future. Change in Factors for Wage Increase CalculationsOctober 2011 The National Wages Council in Costa Rica has included in the new formula national productivity per person and expected inflation, rather than past inflation.
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