Jaguar Energy Guatemala has announced that it won the international arbitration case against China Machine New Energy Corporation, which has to pay the former entity $149 million.
According to the company, as a result of the decision from the arbitral tribunal, the power plant based on coal will remain its property, and the Chinese company will have to pay $149 million.
The vitamin supplements company will have to restructure its multi-level marketing operation and pay $200 million in compensation to the affected distributors.
The US Federal Trade Commission (FTC) announced that the multinational company Herbalife will have to pay $200 million in compensation to consumers / distributors who were tricked with promises of earning sums of money that never appeared.
There is growing use of the 'Vale Panamá' electronic cards as a means of compensation and bonuses payments to employees.
The main advantage of this mechanism is that the compensation paid by the company is exempt from labor costs, and can be used by employees in shops to buy food, medicine and other items.
Ana Lorena Broce, general manager of Vale Panama, reported that a lot of companies have migrated from the paper system to the electronic cards that are accepted at more than one thousand outlets.
Performance bonuses and other variable compensation schemes weigh increasingly on the total compensation of senior managers.
In order to motivate and retain executives companies are tending more and more to compensate their executives with salary schemes where the variable proportion and that dependent on performance is increasing.
Paying with company stock, profit sharing from stocks or performance bonuses are some of the payment methods being used by companies for senior managers, as detailed in a report by consulting firm PriceWaterhouseCoopers.
Guatemala's government is planning to create a fund from the fees paid by hydropower stations.
According to an article in Prensalibre.com "the creation of an energy fund could be, according to the Ministry of Energy and Mines (MEM), a solution to the social conflict caused by hydroelectric energy, although the proposal already has opponents. "
The disturbances generated by different social groups opposed to hydroelectricity projects under construction, is one of the factors identified as responsible for the bad business climate felt by investors in Guatemala.
When vacancies arise companies fill them paying the new employee less than before, and give them even more demanding requirements.
A Manpower study outlined in an article in Prensalibre.com notes that in Guatemala "requirements are increased when new staff are hired, however the wages offered are not in line with the international market.
For example, one company had a manager with a profile matching a salary of up to $3,138, this person resigned and his place was taken by a underling who had a salary of $1,255 and who, after the change in position, was offered $1,632. This person got a better opportunity and resigned, shortly after which the company attempted to hire a new manager with the requirements of the first but with the salary of the second.
The company will compensate more than 5,000 banana plantation workers affected by the use of pesticides.
The agreement, which will benefit 3,153 Nicaraguans, 700 Costa Ricans and 1000 Hondurans, was reached after several months of negotiations.
One of the lawyers involved in the process told AFP that the "compensation, which will take effect over the next two or three months, will allow these workers to change their lives."
The multinational has reached an agreement with the main Honduran labor union to create a $1.54 million relief fund to help workers made redundant.
Two factories that supplied NIKE were forced to close in January 2009 and still owe $2 million in salaries and benefits to 1,800 employees, an insignificant amount compared to its $19 billion revenues last year.
Central America's best paid managers are found in Panama and El Salvador.
According to Latin Top Jobs, a human resources firm, for all managerial positions the higher salaries are found in El Salvador and Panama, followed by Guatemala and Costa Rica, whereas the lowest remunerations are paid in Honduras and Nicaragua.
"For example, a $5.000 position in El Salvador, would be paid $6.000 or more in Panama and $4.000 in Guatemala", said Regina Andreu, president of Latin Top Jobs.
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