Private Sector Salaries in Costa Rica up 2.35%

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

Wednesday, July 2, 2014

With the backing of the government and the unions approval as given to the pay adjustment for the second half of the year, which according to the Ministry of Labour, was a "... midway point between the 1.33% proposed by employers and the 3.15 % requested by the National Union of Workers (UNT). Several other unions asked from 4.15% to 6%. "

The union of private sector companies was not in favor of the adjustment, believing that ".... such increases can generate more unemployment," said Shirley to Saborio, Executive Director of the Union of Chambers and Associations for Private Enterprise.

"... In addition to this percentage, workers with lower wages received ¢302,535 to ¢5,000 more, as these people are in the categories of generic unskilled labor, semi-skilled generic and skilled generic workers. This extra amount represents 4 , 22%, 4.09% and 4%, respectively. "

More on this topic

Costa Rica: Minimum Wage Increases 3%

October 2018

The increase will apply to the private sector from January 1st, 2019, and will continue throughout the year, applying to all salary categories.

The representatives of the National Wage Council reported that after analyzing the proposals presented, the minimum wage adjustment was unanimously approved on October 24th.

Nicaragua: Changes to Calculation of Minimum Wage

March 2015

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.

Nicaragua: Wages Linked to Productivity

January 2015

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.

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.

Change in Factors for Wage Increase Calculations

October 2011

The National Wages Council in Costa Rica has included in the new formula national productivity per person and expected inflation, rather than past inflation.

Adjustments will be made based on the level of output and the central bank’s inflation target.

After 13 years of running the same system, private sector worker’s wages in Costa Rica will be adjusted using the new methodology, as announced yesterday by the Ministry of Labour.

 close (x)

Receive more news about Wages

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Oct 21)
Brent Crude Oil
Coffee "C"