Employees in the private sector will receive a 2.4 percent raise July 1 if they are receiving the minimum wage for their job category, as many Costa Ricans are.
The Consejo Nacional de Salarios approved that percentage Monday, the Ministerio de Trabajo y Seguridad Social reported.
The percentage reflects inflation for the last six months and anticipated inflation for the next half of the year, said the ministry. The percentage is based on a methodology set up by the Consejo, employers and workers in October 2011.
About 85 percent of the country’s labor force work in the private sector. That is about 1,275,000 persons.
The Unión Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado greeted the announcement with satisfaction. The chamber said that the members of the government and employers on the Consejo voted for it.
The chamber had proposed an increase of 1.84 percent.
The increase for the first six months of the year, established before Jan. 1, was 3.65 percent. So workers will receive a 6.05 percent increase for the year.
The Consejo adjusts minimum salaries every six months .
For a university graduate working for the minimum monthly wage, the decision represents a 10,983.53-colon increase, about $22.25. The mandatory salary for the first half of the year was 457,646.94 colons, and the new salary will be 468,630.47 colons, about $949.60.
This is one of the top salaries on the ministry list, which contains a mandatory wage for just about every job category.
A worker with no special skills will earn 257,219.78 colons a month for the next six months, according to the ministry. That is about $521.22.
The ministry will post the new salaries on its Web site.
The minimum wage per job category sometimes is a problem for university grads and others who are eligible for higher minimum salaries. If they insist on the legal salary, they might not be hired for lesser jobs, and employers will be vulnerable to a labor case if they pay them for less than the law stipulates