Salaries of Guatemalan administrators go up despite crisis

Almost all Guatemalan companies plan to increase the salaries of their managers next year, despite the international financial crisis.

Monday, December 1, 2008

96% of the companies intend to increase executive salaries, according to a survey by PriceWaterhouseCoopers carried out among those companies which use their services.

According to the study results, provided to the AFP by the firm's analyst, Roberto Monge, the salary increases will be between 7% and 11% since the companies are trying to avoid the turnover of executives which increased in the second semester of 2008-

More on this topic

Executive Salaries Increase in Guatemala

August 2011

According to a Price-Waterhouse Coopers survey for the second half of 2011, yearly executive salaries will grow by 8.7%.

According to the survey, Salary Information Enterprise System (SEIS), conducted among a group of 102 companies, 54 national and 48 multinational operating in the country, wage increases will be 8.9% for domestic companies and 8.3% for multinationals.

Executive Salaries Increase in Guatemala

November 2010

According to a PricewaterhouseCoopers survey, from January to October 2010 the average annual compensation increased 8.1%.

Of the 501 companies surveyed, 65% granted salary increases to their executives.

The largest increases were in small businesses (10.1% average), followed by large and medium with 7.6%.

90% of Guatemalan Companies Would Rise Salaries in 2011

June 2010

According to the latest salary survey of PWC, 90% of the surveyed companies plan to increase salaries in 2011.

Among the companies planning increases, the average pay rise will be 7.4%. The sectors where salaries will be most increased are hospitality (10%), technology (9.1%), retail l(9.0%), manufacture (8.3%), services (8.2%), agro industry (8.1%) and industry (8.0%).

Executive salaries rise 12.5% in Panama

June 2008

A survey carried out by PriceWaterhouseCoopers between April 2007 and May 2008 shows that executives have gotten average raises of 12.5 percent.

The reason for the increase is the need for companies to attract and hold personnel in a growing economy.
The survey "Business System of Salary Information", which the accounting firm carries out each year, shows that the 12.5 percent increase exceeds that of average salaries, which rose by 9.3 percent during the same period.

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