Proposed Salary Increase for Private Sector in Costa Rica

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

Tuesday, October 22, 2013

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: "... considers the projected inflation figure and compensation for inflation in the first half of this year and does not take into account the adjustment of GDP growth, because the industry has presented a constant deceleration in recent months," said Juan Rafael Lizano, president of the Chamber".

For its part, the Costa Rican Union of Chambers and Associations of Private Enterprise (UCCAEP) proposed an increase of 3.60%.

This would be calculated based on the amount of projected inflation, inflation compensation in the first half of 2013 and an adjustment for GDP growth in the last five years.



More on this topic

Private Sector Wages Rise by 3.78% Costa Rica

October 2013

The approved increase applies to the first half of 2014.

"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.

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: Employers Offer Pay Rise of 3.62%

October 2012

Costa Rican business chambers have proposed to the National Wages Council a 3.62% increase in wages for the first half of 2013.

Elfinancierocr.com reports that "The Costa Rican Union of Chambers and Associations of Private Business Sectors (UCCAEP) proposed to the National Wages Council an increase of 3.62% for the private sector minimum wage to be effective for the first half of 2013. "

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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