Sunday, November 28, 2010

Christmas Bonuses

In thinking about how life in Nicaragua is different, I thought you might find the following interesting:
  • All Nicaraguan workers are legally entitled to a year-end bonus of 1 month salary (aguinaldo).
  • There is also a well-founded tradition of employers giving all of their employees a "Christmas basket". In its original essence, this is supposed to be all of the ingredients to prepare a Christmas meal, but it usually ends up growing into a very big gift basket.

Imagine recieving a full month of salary as a Christmas bonus! Anyone thinking about getting a job here in Nicaragua? On the flip side, Nicaragua is the poorest Spanish-speaking country in the world and the minimum wage is only $0.48 per hour ($1,400 per year for a full-time job).

No comments: