Companies that hire people aged between 18 and 29 years will be able to deduct from income tax between 3 and 5 minimum wages, depending on the number of young people they hire.
With the amendment to the Incentive Law for the Creation of First Employment for Young People in the Private Sector, adopted by the Assembly, tax exemptions are established for businesses that hire young people aged between 18 and 29.
In September 2016 an annual increase of 10% was registered in the number of workers signed up with the social security department and a 5% increase was recorded in the average nominal wage.
Membership of the Nicaraguan Institute of Social Security (INSS) grew by 9.8% in September compared with the same month in 2015, with noteworthy sectors being trade, hotels and restaurants, with an increase of 18%, transport, storage and communications, with 17%, construction with 15% and community, social and personal services, with 11.5%, according to Central Bank of Nicaragua.
For every ten professionals in demand by private companies in Costa Rica between 2014 and 2016, 7 were computer and software engineers.
The growing demand for professionals in careers related to engineering, especially in the area of computing and software development, contrasts increasingly with the demand for professionals in other disciplines, such as social work, which are losing ground as the use of information technologies advances.
The annual growth rate of output per worker in Panama has tripled compared to that of Costa Rica after the 2008/09 crisis, Guatemala's grew by just 1%, and other countries maintained similar values to 2004.
From the V Report on the State of the Region 2016:
According to estimates based on data from Cepal, productivity per worker in Central America is below the average for Latin America, which in 2010 was $30,000.Panama and Costa Rica are the closest, with levels above $20,000.The other countries are far from reaching the average: in Guatemala and El Salvador GDP per worker is around $8,500 and in Nicaragua and Honduras it is $3,500 and $5,000, respectively (Figure 4.23).
Why insist on making students learn French instead of applying the resources invested in teaching this language to other languages that are more in demand by the market such as English, Portuguese, German or Mandarin?
The design of school and college curriculums is supposed to be primarily based on the objectives of the political social project being promoted by the government, which should prioritise preparing students for incorporation into the national economy, complemented by cultural elements which should cover the ENTIRE population of the country.
The Congress of Costa Rica has been inspired by the famous tango Cambalache and now those who "work day and night like an ox are the same as those who live off other people, those who kill are the same as those who cure, or those who live outside the law..."
The Costa Rican Legislative Assembly has given final approval to a bill that clears the records of crimes committed by people after they have served their sentences. Until now, criminal records have only been "cleaned" after 10 years have passed since the sentence was carried out.
Costa Rica's lack of actions to address the problems of road infrastructure is beginning to take its toll directly, preventing the development of areas with clear productive vocation.
The very success of an area with comparative advantages for operating free zones, call centers and corporate offices, such as those close to Juan Santamaria International Airport, has become a detonator triggering the paralysis suffered by investments in construction of new buildings, simply because of vehicle congestion in Belen, in the Greater Metropolitan area of Costa Rica, is so bad that it is normal to take up to 50 minutes to travel 4 kilometers from the area in question to the access road to the center of the capital.
Costa Rican industrialists warn that increasing the minimum wage in the private sector by 34% will cause more unemployment and encourage more companies to operate unofficially.
The bill concerning the minimum wage will endanger plans for new hires in the private sector, and its passage into law could cause more informality and more unemployment. The proposal aims to increase the minimum wage by 34% for unskilled employees in the private sector. With the increase, the salary would go from $534 to $718.
This is the aim of the bill that would expunge ex-convict's criminal records so that they can find work without their potential employers knowing about their criminal past.
The vast majority of people resolve their economic and existential problems without resorting to crime. They are obliged to act this way because of the education they received in their homes, where they were taught not only be honest and law-abiding, but also to distrust those who are not. From children we learn to discriminate between bad and good, an essential life skill. We need to distinguish between food that is good and food that is harmful to our health. We must be able to distinguish between an honest business and one that is not. That's life, continuous decision making based on our knowledge and values which is what also should govern conduct in society.
A visit to Costa Rica by the German Education Minister has put back on the table the concept of dual education, an education method where time is shared between the traditional classroom and work as an apprentice in a trade or professional specialty, in a company.
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PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400
Industrias Gabriela is a non-woven textile manufacturing company located in Tegucigalpa, Honduras, Central America.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (504) 229-0072