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Exit fees.

Cutting headcount certainly has its own price tag. In Guatemala costs associated with advance notice requirements, severance payments and other penalties that come with firing a worker can equal 170 times the value of that worker's weekly wages, the highest in Latin America, according to the World Bank. The region's average comes to about 70 weeks' pay, while the lowest in the region was Nicaragua, at 24 weeks. U.S. companies pay eight weeks in salary to fire their workers, while the global average was 55 weeks.
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Title Annotation:Radar; Wage surveys
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:0LATI
Date:Jan 1, 2005
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