Panamanian Salaries Improve

Salaries in the labor market have increased 5.92% relative to 2009.

Monday, July 26, 2010

The preliminary findings of a survey into Panamanian salaries carried out by Price Waterhouse Coopers indicates that the increase relative to 2008 is 14.3%.

Multinational companies recorded the largest increase relative to last year with a rise of 9.6%.

"In addition to salary increases a new market has developed for specialist salary analysis, giving rise to new job opportunities," writes Prensa.com.

More on this topic

No Salary Increases in Guatemala

June 2009

A survey conducted by Pricewaterhouse Coopers indicated that 59% of surveyed companies do not plan to raise salaries.

Of the 150 companies surveyed, 41% are planning to make wage increases by an average of 8.6%.

Laprensalibre.com website published the results of the survey of 150 companies in Guatemala. The consultant Pricewaterhouse Coopers conducted its six-month review of the Business Labor Information System.

The Labor Market in Guatemala

February 2012

Cacif, leader of the Guatemalan private sector, has presented a report entitled "Trends in the labor market in the last thirty years"

The report by the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (Cacif) states:

Guatemala's economic structure has been under constant pressure in recent decades.

Wages and Productivity in Panama

October 2011

The president of the Chamber of Commerce and Industry of Panama has called for an increase in the minimum wages and for productivity to be included in the formula that determines it.

Regarding discussions on the minimum wage, no conclusion has been agreed between the parties -workers and employers, and if this situation continues until the end of the year, it could mean that the final figure is established by Executive decree.

Salary Census in Guatemala

November 2009

A poll conducted by Pricewaterhouse revealed that 68% of companies plan salary increases for 2010.

The remaining 32% answered they are not planning raises for 2010.

The 332 domestic and multinational companies that participated in the study employ 186.818 people.

"When asked what would be the average salary increase in 2010, the average response was 7.7% (it was 9.5% in 2009)", reported Elperiodico.com.gt.

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