The difficulties faced by companies in hiring high-profile executives are driving growth in the recruitment market in the country.
With the advent of more multinational companies in the sectors of logistics, banking and insurance, there is growing demand for qualified personnel to fill positions of managers, vice presidents or directors.
There has been a rise in the number of firms reporting difficulties in recruiting qualified staff, especially technicians, engineers and sales managers.
In one year the number of companies who said they found it difficult to fill vacancies grew by 11%, according to figures from a survey carried out by the human resources firm Manpower, which states that "... five out of 10 employers looking for talent have had difficulties filling vacancies in 2014. "
In the last few years, there has been a pronounced change in the Costa Rican economy with more jobs going to bilingual people who are technically skilled or have a specialized profile.
The Costa Rican economy's globalized approach, accentuated in promoting exports and attracting foreign direct investment (FDI) has diversified and expanded demand for a workforce specializing in technology, industrial engineering, electricity, electromechanics, mechatronics and in administration certifications and English language as prerequisites for added value. Companies have also changed the weight they give to applicants, now giving 60% to knowledge and 40% to skills.
The rapid development of the Panamanian economy means there is now a demand for high-level executives to replace those from the headquarters of companies operating in the country.
An article in Capital.com.pa reports on the success of the international consultancy firm Amrop after its arrival in Panama two years ago to serve the market for search and evaluation of high-profile executives.
In Latin America the growth of air services is from 6 to 8% per year, and the forecast is that it will accelerate to 12 or 14% in the next 5-10 years.
An article in Capital.com reports that "It is expected that demand for air travel in Latin America will exceed that of other regions in the next 20 years, which will be a challenge for Latin American airlines in terms of the use of advanced technology, increasingly reliable security systems and first class service for customers so as to compete in this dynamic market, issues that are being examined during the ninth forum of the Latin American and Caribbean Air Transport Association (ALTA) which is taking place from today in Panama City . "
In a competitive environment, companies must understand that it is better to retain qualified personnel rather than to invest funds looking in the market for workers.
A report entitled "Cutting Edge Talent 2020" by Deloitte, is based on a survey of global executives in large companies. Their conclusions apply to any market where there are shortages of workers with the necessary skills to get into competitive businesses.
The Net Employment Outlook for the first three months of 2012 is +24%, putting more pressure on a market with a serious shortage of qualified human resources.
While efforts are being made to the train people locally, foreigners continue to come into the country to meet the demand of international companies based there.
Eric Quesada, Regional Director for Manpower, said: "Today there are significant challenges for companies to find staff, specially skilled staff. The foreign population is constantly increasing, as people come to fill the positions that are not being covered locally. "
At least 10,000 teachers are needed in the country in order to provide better education.
Saturation in the classroom means that a single teacher currently teaches on average between 40 and 70 students, although the General Education Law sets a maximum of 35 students per classroom, and per teacher.
"Next year, the government only intends to hire 600 teachers for primary and secondary education. In other words, 1,400 fewer than were hired this year when the battle started for sixth grade and 1.7 million children enrolled in preschool, primary and secondary schools", reported Laprensa.com.ni.
Transactel continues to grow. It is currently looking for a new building outside San Salvador, and has advertised for 250 vacancies to be filled, predicting that at the end the year they will have a total of 2,300 employees.