Negotiating with Someone else's Money is Easy

The "negotiators" for the Government of Costa Rica have suggested "as a starting point" a proposal to increase the salaries of state workers which was met with "satisfaction" by the public employee unions.  

Thursday, July 31, 2014

EDITORIAL

Imagine you are responsible to the shareholders of a company that is in a very bad financial position, with costs consistently rising above income, meaning that the losses continually mount up and threaten the stability of the corporation.

Imagine that the firm stands out in the labor market because it pays wages well above those paid by other companies, and on top of this it gives out extra benefits.

Imagine those shareholders learn that you, sitting next to by the labor union of the company at the negotiating table, suggest - from the outset - a wage percentage increase that was met with "general satisfaction" by the union.

What would happen next is not hard to imagine: you would be immediately dismissed by the Shareholders, for not defending the interests of the company.



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The private companies should have to consider the risk posed to Costa Rica's business climate by the excesses of state union leaders.

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Nicaragua: No Deal on Minimum Wage

March 2014

The Ministry of Labor will define the wage adjustment in the absence of an agreement between the private sector and trade unions.

In the last meeting on 13 March the parties were not able to reach an agreement. The private company proposed an increase of 9%, while unions demanded an adjustment of between 10% and 14%.

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