In recent years, Nicaragua has characterized as the country with the highest wage adjustments in the region, even above inflation, averaging 6.8% a year.
Elnuevodiario.com.ni reports that "... Of all the countries in Central America the market wage adjustment made by make small, medium and large companies for their employees each year has been the highest in Nicaragua with an average of 6.8%, even above the projected inflation for this year which is 5.5%, according to a survey carried out by Pricewaterhouse Cooper. "
In Costa Rica civil servants earn on average 150% more than workers in the private sector, which contributes decisively to the growth of inequality and lowers the overall competitiveness of human resources.
Trade unionists who promote it, the officials who estimate it, the rulers who decree it, are not part of the legion of unemployed who surely would work for less than the official minimum wage.
The unemployed have no voice, in principle because they do not pay a sindical fee, and if they did have one, they would not raise it, because it feels devoid of the dignity necessary to do so, because they are used to adopting a very humble position in job interviews. Nothing further impoverishes the human spirit that lack of gainful income of one form or another.
The difficulties faced by companies in hiring high-profile executives are driving growth in the recruitment market in the country.
With the advent of more multinational companies in the sectors of logistics, banking and insurance, there is growing demand for qualified personnel to fill positions of managers, vice presidents or directors.
Performance bonuses and other variable compensation schemes weigh increasingly on the total compensation of senior managers.
In order to motivate and retain executives companies are tending more and more to compensate their executives with salary schemes where the variable proportion and that dependent on performance is increasing.
Paying with company stock, profit sharing from stocks or performance bonuses are some of the payment methods being used by companies for senior managers, as detailed in a report by consulting firm PriceWaterhouseCoopers.
When vacancies arise companies fill them paying the new employee less than before, and give them even more demanding requirements.
A Manpower study outlined in an article in Prensalibre.com notes that in Guatemala "requirements are increased when new staff are hired, however the wages offered are not in line with the international market.
In Guatemala, telephony, retail sales, financial activities and services offer the best remuneration at managerial levels.
The survey Business System Salary Information by PricewaterhouseCoopers (PWC), reveals that it is in the area of services where executives receive more economic benefits, equivalent to $5,350 a month on average.
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.
Bonuses to personnel must be balanced with the company’s short and long term perspectives.
Jorge Londoño, president of Grupo Bancolombia, explained how they applied the Shareholder’s Value Added System (SVA) in this bank, in such a way to prevent short term problems or distortions when applied.