Panama: Salaries Based on Productivity

293Views 0Comments Posted 23/05/2015

It has been announced that in June the private sector together with the government will define the methodology for wage increases, taking into account labor productivity and the cost of living.

According to Deputy Minister of Labor and Workforce Development (Mitradel), Zulphy Santamaria, “the parties must agree on how much is needed to earn a decent living in Panama, but also on how productive their work is."
A commission will be formed to discuss the issue, and will be composed of representatives from business associations and the Ministry of Labor."