Minimum Wages Up 13% in Nicaragua

As of February 28 an increase of 7% will be put in place, and another 6% during the second half of the year.

Thursday, February 17, 2011

The increase was defined by a tripartite commission composed of government, unions and the private sector and it applies to the eight sectors of the economy.

"The National Minimum Wage Commission ratified the 8% salary increase for micro, small and medium enterprises (MSME)", states the article in Laprensa.com.ni.

More on this topic

Adjustment to Minimum Wage in Nicaragua

August 2012

Starting on the first of September the minimum wage will increase by between 4% and 6% depending on the sector.

The adjustment will be 4% for the micro and small crafts sector, as well as for the tourism activity. For the remaining companies, the required increase will be 6%.

MSMEs: Adjustments to Minimum Wage

February 2012

A rate of 10% per year was agreed for MSMEs in Nicaragua.

The National Minimum Wage Commission has decided that there will be a semi-annual adjustment of 118 Cordobas ($5.16) to the wages of workers in micro, small and medium businesses, according to Laprensa.com.ni review.

Minimum Wage in Nicaragua to be Ratified

August 2011

Representatives of private enterprise, government and workers will meet at the National Minimum Wage Commission, scheduled for this week, to ratify a 6% increase starting from 16 August.

The agreement signed last February established a minimum wage increase of 13% to be applied in two stages, on Feb. 16 and on Aug. 16.

Nicaraguan Minimum Wage Rises 6%

August 2010

The 6% increase will apply from next Monday 16 August to both the public and private sectors.

In February the Nicaraguan government, businesses and unions agreed a total increase of 12% for 2010, to be applied as two half-yearly 6% adjustments.

Union leaders sought a larger rise in this second half of the year but in the end, "they signed the document, laying aside the proposal that the minimum wage should increase in line with the basic shopping basket," reports Laprensa.com.ni.

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