The Salary Information Business System survey stated that Costa Rican salaries have increased, on average, by 1.9% in the last six months.
The study was prepared by PricewaterhouseCoopers Costa Rica (PwC) referring to the second half of the year and the opinion of 500 national and multinational companies was taken into account.
The survey was conducted from August to October. The study shows that during the first semester of 2017, salaries
of market grew on average 1.6%, while for the second semester companies increased it by 1.9%.
According to the study, the increases are mainly made in service and manufacturing companies in duty-free zones.
Due to the great dynamism that the country has had in terms of attracting foreign investment since the year 2000 and the corresponding demand for talent, it has caused the breakdown of some remuneration trends observed a few years ago,”
said Victoria Scott, Managing Director Compensation & Benefits Consultancy of PwC Costa Rica.
Previously, according to Scott, large companies, such as multinationals, were the ones that offered the best levels of remuneration and benefit schemes, but today medium and small companies also do this.