No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessPrivate sector employers propose 1.62 percent salary increase for 2015

Private sector employers propose 1.62 percent salary increase for 2015

Business leaders on Monday evening sent the National Wages Council a proposal for a 1.62 percent increase in private-sector salaries across all job categories.

“We strongly believe the next increase should be the same for all job categories, instead of separate amounts, as was approved the last time around. That type of increase causes problems,” Luis Mesalles, president of the Union of Private-Sector Chambers and Associations (UCCAEP), said.

Labor representatives last week submitted a proposal for increases ranging from 2.91-4.58 percent, depending on worker’s salary level. That calculation takes into account 1.9 percent projected inflation for next year plus 0.9 percent projected gross domestic product growth.

“We believe the employers’ proposal falls short, … and we expect the government to propose an increase closer to the reality of the cost of living,” Édgar Morales, a spokesman for the National Workers’ Union, said on Monday evening.

Labor Minister Víctor Morales will submit the government’s proposal next Monday. The same day, the National Wages Council will determine the salary increase, which will take effect on Jan. 1.

The last wage increase for 1.2 million workers in the country’s private sector was approved last July.

Trending Now

Costa Rica is the Land of Roadside Good Samaritans

After nearly 14 years of living in Ticolandia, I have come to appreciate so many things about the Costa Rican culture, people, and way...

Trump Announces Venezuela Oil Transfer Worth Billions

President Donald Trump announced on Tuesday that Venezuela plans to transfer between 30 and 50 million barrels of crude oil to the United States....

Dubai Duty Free New Year’s Draw Makes Costa Rican Millionaire

A resident of Costa Rica has claimed a major prize in an international lottery, marking a milestone for not only for him (understatement of...

Death of Foreign Activist Adds to Costa Rica’s Mounting Security Concerns

Authorities in Costa Rica continue to investigate the homicide of 36-year-old Francisco Ojeda Garcés, a Chilean environmentalist who had lived in the country for...

Guanacaste Leads Coastal Recovery in Costa Rica Real Estate

Costa Rica’s real estate market heads into 2026 with steady footing after recent adjustments in high-end coastal areas. Buyers and investors find a landscape...

Channing Tatum Spotted Sharing Kiss with Girlfriend on Costa Rican Beach

Hollywood actor Channing Tatum turned heads this weekend when paparazzi caught him in a tender moment with his girlfriend, Inka Williams, on one of...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica