NewsWhore
01-18-2008, 06:00 PM
The Dominican Republic is the country with the lowest labor flexibility in the region. This ranks the DR among the worst in the world, according to the 2008 "Doing Business" report, released by the World Bank. The report places the DR in 32nd place on a list of 100 countries on the employment rigidity scale. The rigidity of employment index rates countries according to difficulty of hiring, rigidity of hours and difficulty of firing.
The DR also has the highest non-wage labor costs (% of salary) in the region, equivalent to 144% of the salary and has one of the worst rates for firing costs, equivalent to 88 weeks of wages. Even though the country has made some improvements, the DR is ranked fourth worst in the region in terms of the general business climate, the countries scoring less being Guyana, Suriname and Haiti. The report does highlight some of the DR's advances in the area of business like the reduction of the number of days (from 72 days to 22 days) that it takes to start a business. The report also highlights the time it takes (from 107 days to 60 days) to register property in the DR. Still, the DR has a long way to go if it is to improve its rankings, including reduction of taxes that increased by 3.7%. For more information on the report, click here (PDF document): www.doingbusiness.org/Documents/CountryProfiles/DOM.pdf (http://www.doingbusiness.org/Documents/CountryProfiles/DOM.pdf)
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The DR also has the highest non-wage labor costs (% of salary) in the region, equivalent to 144% of the salary and has one of the worst rates for firing costs, equivalent to 88 weeks of wages. Even though the country has made some improvements, the DR is ranked fourth worst in the region in terms of the general business climate, the countries scoring less being Guyana, Suriname and Haiti. The report does highlight some of the DR's advances in the area of business like the reduction of the number of days (from 72 days to 22 days) that it takes to start a business. The report also highlights the time it takes (from 107 days to 60 days) to register property in the DR. Still, the DR has a long way to go if it is to improve its rankings, including reduction of taxes that increased by 3.7%. For more information on the report, click here (PDF document): www.doingbusiness.org/Documents/CountryProfiles/DOM.pdf (http://www.doingbusiness.org/Documents/CountryProfiles/DOM.pdf)
More... (http://www.dr1.com/index.html#5)