Panama: Investments and FTA needs qualified labor

Panama may lose a lot of foreign investments due to the lack of qualified personnel for specialized jobs, even though it has the infrastructure and an excellent location for doing business.

Monday, December 1, 2008

"It must be noted that there are many things working in Panama's favor with the FTA's and these represent an increase in exports, and the country has manage to attract a lot of foreign investments," indicated Alejandro Ferrer, ex minister of Trade and Industry.

Panama has increased its exports in the last few years, from $566 million in 1997 to $1.1 billion in 2007.

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The large infrastructure projects that have been announced will need to import human resources according to the demand created by such works.

The new container terminal in Moin, the extension of Route 32 and the new refinery are the new projects that are coming to the province.

Panama: Shortage of Workers Increasing

September 2011

A lack of qualified personnel, an aging population and legal obstacles preventing the hiring of foreigners are impacting on the competitiveness of businesses.

The problem, faced by all economic sectors alike, is causing an overall increase in wage levels.

"Just a few years ago, the list of professionals who were difficult to recruit in the labor market focused on bilingual accountants, civil engineers, logistics specialists and high-profile managers, eventually others have been added to that list such as domestic workers, sales executives, beauty technicians and foremen", reported

Surviving Skills Shortages

July 2011

The shortage of skilled labor has led Panamanian companies to get creative when recruiting staff.

Companies with a need for skilled labor have reached agreements with other companies to share staff, provided incentives to employees to recommend others for vacant positions and have even retain staffed who have officially retired.

Shortage of Qualified Labor in Guatemala

November 2010

Employers indicate greater difficulty in finding skilled labor.

According to a study by Manpower, 36% of surveyed employers revealed difficulties this year in getting qualified employees, while in 2009 the figure was 20%.

"The immediate problem is not the number of potential candidates, but rather the shortage of talent, because not enough people are sufficiently qualified," published.

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