NewsWhore
08-17-2007, 02:30 PM
A report by consulting company Ros Consultoria on wage increases nationwide indicates that so far this year the average wage has ranged from 3 to 28%, with the average at 12%. Miguelina Veras de Vargas, for Ros, said that 84% of companies polled reported increases in wages, 7% less than last year. Of 160 companies, 49% are small companies, 29% medium-sized and 22% are large companies. She said that 75% increased wages during the first half of the year, 14% would do so in the third quarter, and 11% on the employee's anniversary joining date. She said that increases for small companies averaged 9%, compared to 2006.
The best wage increases were in the financial sector, where staff received a 19% increase. The services sector average was 13%, and trade and industry averaged 12%.
She said that 90% of big companies said they gave their employees a raise this year, compared to 61% last year. She says this reflects an overall improvement in their performance.
She said that the minimum wage increase stipulated in May by the National Wage Commission also had a domino effect on other wages.
More... (http://www.dr1.com/index.html#6)
The best wage increases were in the financial sector, where staff received a 19% increase. The services sector average was 13%, and trade and industry averaged 12%.
She said that 90% of big companies said they gave their employees a raise this year, compared to 61% last year. She says this reflects an overall improvement in their performance.
She said that the minimum wage increase stipulated in May by the National Wage Commission also had a domino effect on other wages.
More... (http://www.dr1.com/index.html#6)