For the third quarter of the year, 8% of companies in Costa Rica anticipate a reduction in their payrolls, and only 9% plan to hire new staff.
Wednesday, June 12, 2019
For the third quarter of 2019, only 9% of companies in Costa Rica expect to increase their payrolls, well below the proportion of companies (12%) that expected to increase their payrolls during the second quarter.
Costa Rican employers report moderate hiring intentions for the third quarter of 2019. 9% of employers expect an increase in their workforces, 8% anticipate a decrease and 80% remain unchanged, resulting in a Net Employment Trend of +1%, details the ManpowerGroup report.
The report states that "... Employers in four of the six regions expect increases in hiring levels over the next three months. The strongest labor market is expected in Alajuela and Heredia, with Net Employment Trends of +8%. San Jose employers forecast moderate increases in labor force, reporting a +6% Trend, while the Trend in Cartago remains at +3%. However, employers in Guanacaste and Puntarenas & Limón expect to reduce their workforces, reporting Trends of -4% and -2%, respectively.
Increases in workforces are anticipated in five of the six industrial sectors for the July-September period. Employers in the Services sector report the strongest hiring intentions with a Net Employment Trend of +10%. On the other hand, hiring opportunities are expected for the Communications & Transport and Construction sectors, with Trends of +7% and +5%, respectively, while the Trend for the Manufacturing sector is +4%. However, employers in the Agriculture, Fishing, Mining & Extraction sector expect cuts in their workforces with a trend of -4%.
Employers in three of the four organizational sizes expect increases in their workforces during the next quarter. Large companies report the strongest hiring intentions with a +9% Net Employment Trend, while Trends remain at +8% and +4% for Medium and Small businesses, respectively. Meanwhile, Microenterprises expect to reduce their workforces, reporting a -5% Trend."
After it was reported for the second quarter of 2019 that 14% of companies projected to increase their payrolls, for the third quarter this proportion went down to 13%.
Manpower's latest report states that Guatemalan employers report moderate hiring plans for the third quarter of 2019, with 13% of employers expecting to increase their workforces, 5% anticipating a decrease and 82% remaining unchanged, resulting in a Net Employment Trend of +8%.
For the third quarter of 2019, 10% of companies in Panama expect to increase their payrolls, slightly above the 8% recorded in the second quarter of the year.
Panamanian employers report cautious hiring intentions for the next quarter, with 10% of employers expecting to increase their workforces, 8% anticipating a decrease and 76% remaining unchanged, resulting in a Net Employment Trend of +2%, reports Manpower in its quarterly study.
For the first quarter of 2019, 11% of companies in Panama expect to increase their payrolls, which is less than the 13% reported for the fourth quarter of 2018.
Panamanian employers report limited hiring expectations for the first quarter of 2019, with 11% of employers anticipating an increase in their workforces, 7% expecting a decrease and 78% remaining unchanged, resulting in a +4% Net Employment Trend, says Manpower in its quarterly report.
For the first quarter of 2018, 24% of companies in Costa Rica expect to increase their payrolls, 71% do not foresee changes and 4% anticipate a reduction.
español
6931
