Nicaragua Has The Highest Wage Adjustments In Central America

wages-central-america

TODAY NICARAGUA – In recent years, Nicaragua has characterized as the country with the highest wage adjustments in the region, even above inflation, averaging 6.8% a year.

Elnuevodiario.com.ni reports that “… Of all the countries in Central America the market wage adjustment made by make small, medium and large companies for their employees each year has been the highest in Nicaragua with an average of 6.8%, even above the projected inflation for this year which is 5.5%, according to a survey carried out by Pricewaterhouse Cooper. ”

- payin the bills -

In the case of salaries for managerial positions, the remuneration structure is changing, becoming more oriented to performance incentives and focused not only on a fixed salary structure.

Alvaro Alan, regional director of compensation and benefits at PwC, said: “…. now companies are changing the structure of how to reward the performance of their workers,” instead of doing it through fixed salaries they are using variable compensations. The variable compensations tend to be linked to business results, to the extent that the when the business does well, the employee will do well. ”

Source: elnuevodiario.com.ni

Advertisements

- paying the bills -
- paying the bills -

Related Articles

The macabre calculations of Daniel Ortega with the COVID-19

(TODAY NICARAGUA) Nicaraguan economist Enrique Sáenz analyzed in his blog the...

Sahara dust combined with rainfall will produce “acid rain” in Nicaragua

(TODAY NICARAGUA) The presence of dust particles from the Sahara desert...

MOST READ

Rosario Murillo: La Heredera (The Heiress)

Rosarion Murillo, the "eternally loyal" to her husband and political partner, Daniel Ortega. In a profile by Confidencial in October 2016, before her election as...

Better Air Connectivity Between Nicaragua and the US

The private companies' association is in talks with United Airlines to promote the opening of a route that connects Nicaragua with the east coast...

Nicaragua Unveils Central America’s Largest Baseball Stadium

Nicaragua has unveiled its long-awaited baseball stadium in Managua, replacing the former baseball field built in 1948. The new structure will hold up to...

Bianca Jagger Gets Into The Nicaragua Act Again

(American Thinker)  Remember Bianca Jagger? You know, the disco queen and former rock-star's wife turned leftwing "human rights activist" who was last seen mourning...

What Are Some of Nicaragua’s Popular Food?

TODAY NICARAGUA - Nicaragua is an interesting place, with a tumultuous history and a relatively peaceful present. and even if many things can be...

Nicaragua Praised by the IMF

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in...

Poll Shows Declining Expectations on a Nicaraguan Canal

According to the results of the most recent survey conducted by Cid Gallup, the Nicaraguan interoceanic canal project, a concession given to the Chinese...

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.