Nicaragua: Wages Linked to Productivity

The business sector in Nicaragua has suggested that in addition to inflation and economic growth the level of productivity of workers should be taken into account when defining salary adjustments.

Friday, January 9, 2015

According to employers the current legislation has not been changed in 10 years, therefore the method for making adjustments to wages does not reflect the changes that have been experienced in the production structures in companies. For these reasons they propose incorporating elements such as productivity and competitiveness, in addition to inflation and economic growth in the salary adjustments being debated.

Roberto González, representing the Sandinista Workers, told Laprensa.com.ni that "... They would have to find a formula that measures productivity per sector, which would take time considering that the negotiating table has until February 28 to reach a consensus, otherwise it will be the government that sets the new pay schemes in the first half of the year. "



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The country's business sector proposes that elements such as productivity, economic growth and the level of formality be taken into account when calculating the minimum wage, instead of the decision only revolving around the basic basket variable.

The possible changes to the minimum wage in the country is an issue generating expectations among the different sectors, since in the next few days the National Salary Commission (CNS) will have to discuss the proposals to decide if it increases or decreases.

Nicaragua: Review of Wages in Construction Sector

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Unions and employers are negotiating an adjustment in salaries and a revision in the prices of the different types of jobs performed by workers.  

Businesses are demanding adjustments are accompanied by higher labor productivity and are concerned about the growing number of construction companies that are moving into informality, however, they are confident that the agreements will be made as expeditiously as in the past three.

Business Proposal on Minimum Wage in Panama

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Businesses are warning that raising the minimum wage to a level higher than proposed will make the prices of goods and services more expensive, generating inflation.

The National Council of Private Enterprise (CONEP) confirmed that it has submitted a proposal to adjust the minimum wage.

Adjustment to Minimum Wage in Nicaragua

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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%.

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