Nicaragua: Minimum Wage Increased

The increase, which will be applied from September 2014, varies between 4.9% and 5.38%, and applies to all industries, except the free zone regime.

Monday, September 1, 2014

The wage increase ranges between 4.9% and 5.38% depending on the manufacturing sector concerned.

Laprensa.com.ni reports that "... Wages in the free zone will remain at 4004.64 Cordobas. Meanwhile, small and medium tourism enterprises will have a minimum salary of 3142.25 Cordobas; electricity, gas, water, trade, restaurants and hotels, transport, storage and communication will be paid at least 5253.68 Cordobas; and in the construction, financial institutions and insurances sectors the wage is 6.4100 Cordobas . "

"... For workers in the community social and personal services sectors, their new minimum wage will be 4015.43 cordobas, after receiving an increase of 5,135 percent. In the central and municipal government sector minimum wages will be 3571.91 Cordobas. "



More on this topic

El Salvador: Rise in Minimum Wage

January 2015

The government has announced that from January 1 there will be an increase of 4% in the legal minimum wage in the productive sectors.

The rise corresponding to this year, 2015, is part of an agreement reached in 2013 and modifies the table for minimum wages, increasing the minimum monthly wages for workers in different sectors by 4%.

Guatemala: Increase in Minimum Wage

December 2014

The Ministry of Labor has announced that as of January 1, 2015 a 5% increase in minimum wages in the productive sectors will come into force.

From a statement issued by the Government of Guatemala:

The Minister of Labour and Social Welfare (MTPS), Carlos Contreras, reported that the minimum wages for 2015, corresponding to agricultural, farm, maquila and non-agriculture sectors will increase by 5%, which is the third consecutive increase recorded during the administration of President Otto Perez Molina.

Private Wages in Costa Rica up 2.01%

October 2014

With support from the business sector the wage adjustment which will be effective starting january 2015.

The increase in salaries approved by the National Wages Council is less than the amount requested by workers in the private sector; the difference is 0.90%. Requests from the various workers representations ranged from 2.91% to 5.7%.

Nicaragua: Minimum Wage up 6%

August 2013

The increase was approved by the National Minimum Wage Commission in March and will be applied from September 1.

After approval, from the 1st of the next month the average minimum wage will be $159.87.

Eleconomista.net reports: "The Commission established this figure in March, after agreeing to a total increase of 12%, divided up into 6% applicable from that same month of March and another 6% from September 1".

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