NewsWhore
11-28-2011, 12:50 PM
Over the past three years, according to El Caribe, the Dominican Republic has produced an average of 131 new companies each month, and 151 new jobs each day. The numbers are official, if not precise, since the Dominican labor market has not been able to evolve with transparency since no state institution has a complete registry of the number of workers in the country and the real salary levels are a secret. However, the numbers that are closest to the truth, or to what officials say is the truth, come from the Social Security Treasury (TSS) because that is where workers and management have to deposit their payroll savings and social security payments.
Between December 2008 and this September, 4,336 new companies and 149,359 new jobs were created. The inaccuracy of these numbers rests in the fact that these are the companies that cover social security for their workers, which means that not all the companies are listed. The "why" is simple economics. The additional cost of registering a worker in the Dominican Social Security system increases payroll costs by 14%. This causes some business to function with workers earning poor salaries and no social security rather than have no jobs at all. Thousands of people are probably in this situation. They have "formal" jobs, but are not registered in the TSS. For example, women who work in lottery kiosks and beauty parlor workers are seldom registered despite having formal jobs.
More... (http://www.dr1.com/index.html#3)
Between December 2008 and this September, 4,336 new companies and 149,359 new jobs were created. The inaccuracy of these numbers rests in the fact that these are the companies that cover social security for their workers, which means that not all the companies are listed. The "why" is simple economics. The additional cost of registering a worker in the Dominican Social Security system increases payroll costs by 14%. This causes some business to function with workers earning poor salaries and no social security rather than have no jobs at all. Thousands of people are probably in this situation. They have "formal" jobs, but are not registered in the TSS. For example, women who work in lottery kiosks and beauty parlor workers are seldom registered despite having formal jobs.
More... (http://www.dr1.com/index.html#3)