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. ”
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. ”