Rise in Minimum Wage Goes Ahead Despite Crisis

In the midst of Nicaragua's delicate economic situation, the government has announced that the 5.2% increase in the minimum wage agreed in March will come into effect on September 1.

Monday, August 27, 2018

Official media reported that the National Minimum Wage Commission ratified the agreements reached in March 2018, and from September 1 the new salaries will enter into force.

El19digital.com reports that "...They explained that the adjustment will be 5.20 percent in 9 of the 10 sectors that are under the Minimum Wage law in the country. The increase is part of the adjustment that was approved on March 9 and is applied equally in the two semesters, that is, the first part in March and the second on September 1 to complete the 10.40 percent.

"... The Commission called a new session the second week of January 2019 to negotiate next year's minimum wage."

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Honduras: A Rise in Minimum Wage Governs

January 2019

From January 1, 2019, the minimum wage increase came into effect, which will be paid in accordance with economic activities and company size in relation to the number of workers.

From the COHEP statement:

The Honduran Council of Private Enterprise (COHEP), with the purpose of informing Honduran companies and society about the Minimum Wage Agreement that will govern the country during 2019 and 2020, announces the following:

Nicaragua: 10% Hike in Minimum Wage

March 2018

Due to a lack of consensus between employers and workers, the government established the increase for this year at 10.4%, which will be applied in two parts, beginning with a 5,2% adjustment, starting from March.

As the business sector and workers could not agree on fixing the increase, the Ortega administration made the decision to establish the adjustment. The first increase will be 5.2% and will apply from March, while the second will also be 5.2%, and will be fixed from September of this year and will run until February 28, 2019. 

Nicaragua: 8.25% Increase in Wages in Free Zones

June 2017

From January 2018 until 2022, there will be an annual increase of 8.25% in the wages of workers in free zone companies.

The agreement will be valid for five years and will come into effect from January 1, 2018. 

Laprensa.com.ni reports that "...Currently the minimum wage in force in a free zone is US $180, and when the adjustment is applied next year it will go up to approximately US $195".

Nicaragua: General Minimum Wage Up 9%

January 2016

Through a tripartite agreement an adjustment to the minimum wages in all sectors was established at 9% , and 8% for SMEs.

The announcement made by the Ortega administration, in agreement with unions and the business sector, establishes an increase of 9% starting from this year.

 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


Technisys

Technisys is the omnichannel digital banking company. It offers technology solutions that allow banks to stand out through their customer experience, increase their sales and dramatically reduce their time-to-market when it comes to launching new financial services. Technisys culture lies on its innovation, its human capital talent and its vision of the future. The digital age represents an unprecedented growth opportunity for the financial service providers, and Technisys helps its customers to differentiate and capitalize it.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2256 7168

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Oct 28)
Brent Crude Oil
40.410
Coffee "C"
109.55
Gold
1,902
Silver
24.330