Nicaragua: Minimum Wage Increases by 11%

On March 1st a new minimum wage structure came into force, with an adjustment of 9.8% for SMEs, 11.48% for the agricultural sector and 10.98% for other sectors.

Monday, March 2, 2015

The salary adjustment is effective from the first of March and will be implemented in two semiannual tracts. In the case of the industrial sector, subject to the taxation regime, the wage setting corresponds to 8% and will be applied in a single tranche in force until December 30 this year.

For the sectors of fisheries, mining, quarrying, manufacturing, electricity, trade, restaurants and hotels, food and communications, the construction sector, financial institutions and employees of state institutions, there is a 10.98% adjustment.

With respect to wages that are regulated based on performance standards or production, "... They must be kept free from deterioration, therefore evaluations must be made of each operation or part regarding the effect of an increase in the minimum wage. "

Read here the complete Ministerial Agreement.

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The authorities also reported that they have declared themselves in permanent session to start work on reclassifying companies or updating thresholds.

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The private sector has rejected the methodology used by the government to establish the increase for this year and presented a proposal to make adjustments in the future.

From a statement issued by the Superior Council of Private Enterprise (COSEP):

The Superior Council of Private Enterprise (COSEP) in light of the unsuccessful negotiations in the National Minimum Wage Commission to reach a tripartite agreement and the political decision of the government through the Ministry of Labour (MITRAB), to approve the minimum wage unilaterally, which is in effect for all economic sectors of the country from March 1 this year, wishes to express the union position on this.

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Opposed by employers, the government approved the salary adjustment which will be effective in the first half of July 2014.

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Although he did not specify the amount, Gabriel Diez, president of Conep said that "the business sector's proposal achieves the objective of establishing the highest minimum wage in the Latin American region."

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