Private Wages in Costa Rica up 2.01%

With support from the business sector the wage adjustment which will be effective starting january 2015.

Tuesday, October 28, 2014

The increase in salaries approved by the National Wages Council is less than the amount requested by workers in the private sector; the difference is 0.90%. Requests from the various workers representations ranged from 2.91% to 5.7%.

Edgar Morales, representative of the National Union of Workers, told that "... The percentage is quite far from the suggestion we made. It does nothing to improve the situation of workers in the country."

Alfredo Hasbun, Deputy Minister of Labour, said "... We are using the methodology from 2011, which takes into account two variables. One is inflation and the other is growth of gross domestic product (GDP) On this occasion GDP variable was not applied because unemployment is over 8%. "

More on this topic

Costa Rica: Minimum Wage Increased 0.67%

October 2015

From January 2016 an increase of 0.67% will apply to private sector wages of all categories included in the official decree.

The National Wages Council confirmed the government's proposal that the adjustment which will take effect from January 2016 is 0.67% for salaries of workers in the private sector.

Costa Rica: Minimum Wage Increases 0.94%

June 2015

From July 2015 a minimum wage increase of 0.94% will be in effect in the private sector of all categories included in the official decree.

From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

Private sector minimum wages will rise 0.94%

El Salvador: Rise in Minimum Wage

January 2015

The government has announced that from January 1 there will be an increase of 4% in the legal minimum wage in the productive sectors.

The rise corresponding to this year, 2015, is part of an agreement reached in 2013 and modifies the table for minimum wages, increasing the minimum monthly wages for workers in different sectors by 4%.

Private Salaries Increase by 2.4% in Costa Rica  

June 2013

The National Wages Council has approved the increase which will take effect from July 1 and will affect nearly 1.2 million private sector workers.

According to Zayda Solano, president of the National Wages Council the increase which corresponds to the adjustment for the second half of 2013, was adopted by the majority.

 close (x)

Receive more news about Business and Investment

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

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Jun 25)
Brent Crude Oil
Coffee "C"