Costa Rica: Private Sector Salaries to Rise by 3.65%

The wage rise for workers proposed by government representatives and effective from 1st January, has been adopted by the National Wages Council.

Wednesday, October 24, 2012

Private sector workers’ wages will increase by 3.65% from the first of January 2013.

It is the highest increase in the past two years, during which agreements were made for rates of between 2.63% and 3.17%. This segment includes approximately 1,202,291 people, about 85% of the country's workforce.

The agreement between the Government and businesses was established by a majority vote, for 3.65% for the private wage increase for the first half of 2013.

As for union representation, Rodrigo Aguilar said he did not agree, but respects the decision.

The decision was made yesterday after the government's proposal to the National Wages Council



More on this topic

Costa Rica: Employers Offer Pay Rise of 3.62%

October 2012

Costa Rican business chambers have proposed to the National Wages Council a 3.62% increase in wages for the first half of 2013.

Elfinancierocr.com reports that "The Costa Rican Union of Chambers and Associations of Private Business Sectors (UCCAEP) proposed to the National Wages Council an increase of 3.62% for the private sector minimum wage to be effective for the first half of 2013. "

Costa Rica: 3% Increase for Private Sector Wages

June 2012

Government representatives and workers approved the salary increase in the National Wages Council, to the dissent of the employers' delegates.

Starting on the first of July, private sector employees who receive the minimum wage will get an increase of 3%.

Employer sector representatives did not support the increase, which differs from their proposal of 2.47%.

Minimum Wage to Increase between 15 and 18% in Panama

January 2012

The Executive has established a rise of between 15 and 18% in the minimum hourly wage, depending on economic activity, occupation and the size of the business, across the country.

A press release from the Presidency of the Republic of Panama states:

In virtue of the inability of the National Minimum Wage Commission, made up of workers and employers, to reach an agreement on the minimum wage, which should come into effect from January 1, 2012, the Executive has established an increase of between 15 and 18% on the minimum hourly wage, depending on economic activity, occupation and size of businesses across the country.

Costa Rica's private sector salaries to rise by 6.58%

June 2008

Workers in Costa Rica's private sector are about to get a 6.58 percent raise.

Persons in this sector and those who have a "semi-qualified" employment will receive this amount plus a 4,000-colon monthly subsidy of 4,000 colons (about 7.69 dollars).
Those who do not have specific qualifications will get the same salary increase and a 5,000-colon subsidy (about 9.61 dollars).

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 27)
Brent Crude Oil
55.980
Coffee "C"
127.15
Gold
1,845
Silver
25.43