Costa Rican salaries increased 4.3% from September of last year to September this year, according to the Survey of the Salary Information Business System (SEIS), referring to the second semester of the year, prepared by PwC Costa Rica.
With the study it was determined that the growth in wages for the year 2019 (4.3%) maintains the behavior shown during 2018 (4.0%), 2017 (3.6%), 2016 (3.4% ), which constitute the lowest percentages observed in 30 years of this survey. This is explained by the current economic conditions, with policies aimed at obtaining a target inflation of 3% + 1% and real inflation of 2.03% in 2018, 2.6% in 2017 and 0.8% in 2016.
This survey had the participation of 445 companies from different industries. It was carried out between August 2018 and October 2019, using an established methodology, which integrates visits to companies by the specialized consultants in Compensation and Benefits and collection of the respective information.
The latest editions of show that other types of companies have provided the greatest increases, including shared service centers and companies under the Free Zone regime.
Between September 2018 and September 2019, the remuneration of executive positions increased by an average of 4.0%, similar to the trend observed in the previous period 2017 and 2018 (3.6%).
The best salaries are in the industry sector.