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%).

Roberto Monge, consultant at PriceWaterhouseCoopers (PWC), commented that several variables indicate that employment is recovering. The percentage of companies planning salary increases is higher now than in May 2009, there are now less planned layoffs, and there are less frozen job positions.

“Monge considers that one or two more years are needed to recover the employment levels the country had before the crisis. Other indicators show that the worst of the crisis is over”.

Source: sigloxxi.com

More on this topic

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%.

Panamanian Salaries Improve

July 2010

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

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%.

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.

Salaries of Guatemalan administrators go up despite crisis

December 2008

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

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