HomeTopicsBusinessSalary increase for private sector set at 2.35 percent with a little...

Salary increase for private sector set at 2.35 percent with a little extra for minimum-wage earners

The National Wages Council on Tuesday evening approved with six votes in favor and three against an increase of 2.35 percent for 1.2 million workers in the country’s private sector. The percentage increase will apply to salaries for the next six months.

In addition to the 2.35 percent that will be applied starting this month, the council also approved an additional ₡5,000 ($9.25) per month for unskilled workers and those earning minimum wage, bringing the increase for the lowest-paid sector to 4.22 percent.

Minimum wages in Costa Rica vary according to profession and are set by the Labor Ministry. (Download a table of minimum wages by trade for the first quarter 2014 here.)

The six votes in favor came from government and union representatives while employers voted against it, issuing a counterproposal of 3 percent increase for all workers, which was immediately rejected.

Shirley Saborío, a member of the Costa Rican Union of Private Sector Chambers and Associations, opposed the deal and said the increases “could generate more unemployment.”

Union representatives said they are satisfied with the figure and the expeditious manner in which an agreement was reached with the government.

“We must recognize that this administration succeeded in its first salary negotiations, and – at least this time – they passed a first major test in this area despite our initial doubts,” the National Association of Public and Private Employees said in a statement on Wednesday morning.

The closed-door negotiations took place at the Labor Ministry in San José.

Trending Now

Forbes Picks Costa Rica’s Rancho Pacifico to Beat the Crowds

A Forbes feature names Rancho Pacifico, a 20-guest rainforest resort above Uvita, among its top shoulder-season escapes from the crowds.

Weak Dollar Cuts Costa Rica Medical Tourism Revenue by Up to 15%

Costa Rica's private hospitals, clinics and medical offices are treating about as many foreign patients as they have in recent years, but they are...

Costa Rica Unemployment Climbs to 6.5% With 20,000 More Out of Work

Costa Rica's unemployment rate rose to 6.5% in the July-to-September quarter, up from 5.7% a year earlier, according to the National Institute of Statistics...

Costa Rica’s First Female Extradition Suspect Faces Legal Battle Over Transfer to United States

Appeal pauses extradition of La Güera, the first Costa Rican woman ordered sent to the US on cocaine charges.

Cristiano Ronaldo Announces Portugal Retirement at 41

Portuguese football legend Cristiano Ronaldo announced on Thursday he was retiring from international football at the age of 41. Ronaldo made his debut for...

Costa Rica’s Marchamo Amnesty Is Off for 2027, So Pay by Dec. 31

The 2027 marchamo amnesty failed, so older unpaid years still carry interest and fines. A new bill targets 2028. Here is what to pay now.

Guanacaste Town Hall Took 29 Million Colones in Cash Its Bank Refused

A Guanacaste town hall kept 29.3 million colones in cash after Banco Nacional refused it. Audit documents detail what staff and the mayor said.

Costa Rica Removes Don Pepe Figueres Monument After Protest Vandalism

Costa Rica’s Ministry of Culture and Youth removed the bronze monument to former President José Figueres Ferrer from San José’s Plaza de la Democracia...

How Living in Costa Rica Changed the Way I See the World

When speaking of the 1980s and 90s, I like to refer to it as the previous century. “In the previous century, we didn’t have...
L. Arias
L. Arias
Reporter | The Tico Times |
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel