A survey conducted by Pricewaterhouse Coopers indicated that 59% of surveyed companies do not plan to raise salaries.
Wednesday, June 3, 2009
Of the 150 companies surveyed, 41% are planning to make wage increases by an average of 8.6%.
Laprensalibre.com website published the results of the survey of 150 companies in Guatemala. The consultant Pricewaterhouse Coopers conducted its six-month review of the Business Labor Information System.
Leonel Días Zeceña wrote in his article: "The trend varies between national and multinational companies, since 80 percent of the national companies do not foresee a salary increase, while 60% of the international ones indicate that they will give an increase."
Salaries in the labor market have increased 5.92% relative to 2009.
The preliminary findings of a survey into Panamanian salaries carried out by Price Waterhouse Coopers indicates that the increase relative to 2008 is 14.3%.
Multinational companies recorded the largest increase relative to last year with a rise of 9.6%.
According to the latest salary survey of PWC, 90% of the surveyed companies plan to increase salaries in 2011.
Among the companies planning increases, the average pay rise will be 7.4%. The sectors where salaries will be most increased are hospitality (10%), technology (9.1%), retail l(9.0%), manufacture (8.3%), services (8.2%), agro industry (8.1%) and industry (8.0%).
Minimum wage adjustments for the next 6 months will be differential: 13%, 11% and 8%, depending on the industry.
The 13% readjustment applies to the minimum wage for agricultural workers (an increase of $9). The increase of 11% will be for the basic services sector, trade, transport, insurance and financial institutions, among others.
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