Private Sector Wages Rise by 3.78% Costa Rica

The approved increase applies to the first half of 2014.

Thursday, October 24, 2013

"The amount approved by the National Wages Council factors in projected inflation of 2.47%, 0.77% of cumulative inflation for the first half of this year and the adjustment for GDP growth in the last five years (0.54%)," says Patricia Recio in Nacion.com.

Entrepreneurs had proposed an increase of 3.60%, unions 3.96% and agriculturalists 3.24%.

"Our suggestion takes into consideration the low economic activity across the country. Although the increase is for private sector workers who are on the minimum wage, the figure serves as a reference for calculations for public service employees," said Jaime Molina, president of the Costa Rican Union of Chambers and Associations of Private Enterprises ( UCCAEP).



More on this topic

Private Sector Salaries in Costa Rica up 2.35%

July 2014

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

Proposed Salary Increase for Private Sector in Costa Rica

October 2013

The business sector has proposed a raise between 3.24 and 3.60% in the workers´ wage for the first half of 2014.

The first proposal was presented by the National Chamber of Agriculture and Agribusiness, who believes that the increase should be 3.24%.

Nacion.com reports: "...

Costa Rica: Private Unions Demand 3.03% Increase

June 2013

The unions proposed to the National Wages Council an increase of 3.03%, plus an extra 20% over the next four years for minimorum minimum wages.

"This 3.03% corresponds to 2.47% for projected inflation and 0.56% for an outstanding debt. In addition, we propose that the minimorum minimum wage should be increased to 20% over four years until the percentage is reached, therefore in July there would be 8.03% for those workers, 3.03% of the normal rise 5% for the outstanding amount" said Edgar Morales, a member of the Union of Public and Private Sector (SITEPP).

Costa Rica: 3% Increase for Private Sector Wages

June 2012

Government representatives and workers approved the salary increase in the National Wages Council, to the dissent of the employers' delegates.

Starting on the first of July, private sector employees who receive the minimum wage will get an increase of 3%.

Employer sector representatives did not support the increase, which differs from their proposal of 2.47%.

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