Due to pessimism and in anticipation of eventual layoffs, the Guatemalan managerial ranks increased their search for alternative jobs.
According to the Executive Director of AMCHAM (Guatemalan-American Chamber of Commerce), Carolina Castellanos, the base of applicants for management positions that it maintains to support its associates grew in the sector of executives in search of jobs from 2% in December 2008 to 20% in March 2009.
The survey conducted by Manpower shows that 7 out of 10 companies have frozen hiring and that 1 in 10 are planning staff reductions.
According to what was published in Elperiodico.com.g, the Manpower "Employment Expectation Survey" revealed: "Only 12% of the 620 employers surveyed plan to hire staff during the April-June quarter against 13% that anticipate layoffs, a net tendency of -1%. Of the 620 companies surveyed, 73% will not make payroll changes and 2% are undecided."
The Job Expectation Survey by Manpower reveals that 71% of the 620 companies surveyed will not carrying out new hirings during the first quarter of 2009.
The sector hardest hit by the crisis is the manufacturing sector; the survey revealed a contraction of employment of 1%, a decrease of 7 percentage points regarding the previous quarter. In the last 8 months, more than 20 maquilas have closed their doors, causing a loss of some 15,000 jobs.
Employers have a positive employment expectations until the end of the year; it has improved by two percentage point compared to the previous quarter.
This data comes from a survey on Employment Expectations by Manpower that was released this week.
"Of all the employers surveyed, 33% expect that their labor force will grow, 4% expect it to decrease, 61% expect no change and 2% have not made up their minds about their employment plans for October-December," the report said.
According to a survey by Manpower on employment expectations, businessmen believe that the last quarter of the year will remain stable.
Based on the results of the survey of perception, 20 of every 100 business person interviewed expect that they will have positive movements in their payrolls, while 69 of every 100 are betting that the employment situation will continue unchanged. The remain 8% are anticipating less hiring of employees.
The low level of education of most Nicaraguans, and of most Central Americans, in areas of high demand from the rest of the world, is affecting investment levels.
In Nicaragua there is little investment and many projects that are underway are almost at a standstill. Eric Quesada, the regional manpower representative for Central America of Capitales.com, says foreign investors demand a level of workers that the local market cannot satisfy.
Employers are less optimistic about contracting workers for the next three months.
At the same time, the work is still available for those prepared to look for it.
These are the conclusions of the report "Survey of Employer Expectations" which was released by the multinational Manpower, a company that recruits, selects, contracts, evaluates, trains and consults in human resources.
The human resources consulting firm Manpower will hold its first regional employment fair April 24-26. It hopes to fill 400 vacancies for technicians and professionals for its local and international clients.
Participating countries include Costa Rica, Guatemala, El Salvador, Honduras, Nicaragua, Panama and the Dominican Republica. The fair will take place simultaneously in the Manpower offices of the seven countries.
PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
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Phone: (505) 2270 6400
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