In the first eight months of the year 303,464 new employment contracts were recorded, most of which were in the province of Panama.
A report by the Ministry of Labor and Workforce Development said that of the total contracts signed between January and August this year, 119,985 corresponded to fixed-term contracts, 109,579 to contracts for specific jobs, and 73,900 for indefinate permanent positions.
In Costa Rica approval has been given to a trust fund through which private companies will be paid $2,700 for each employee hired from the vulnerable population.
The government initiative that aims to pay companies around $2,700 per employee hired from the vulnerable population, has won its first endorsement to be included in a trust administered by Banco Popular.
A visit to Costa Rica by the German Education Minister has put back on the table the concept of dual education, an education method where time is shared between the traditional classroom and work as an apprentice in a trade or professional specialty, in a company.
GUATEMALA, December 8, 2015 - According to the Manpower EmploymentOutlook Survey for 1Q 2016 published today in Guatemala, employers report optimistic hiring plans for the period from January to March. With 19% of employers expecting to increase their hiring, 4% anticipating a decrease, 75% expecting to stay the same and + 2% who did not know, the Net Employment Outlook is + 14% after seasonal adjustment.The survey shows an increase of 3 percentage points in comparison with the previous quarter and of 6 percentage points in annual comparison.
In August 21,562 new employment contracts were recorded, an increase of 3% compared to the same period in 2014.
The construction sector saw the most new jobs created in August, with 8164 new contracts generated, more than the 7534 registered in the same month in 2014.Followed the construction sector was trade, hotels and restaurants, manufacturing, and financial services.
The communication and technology sector predicts that for the next two years it will hire more technical staff and university graduates than licensed professionals with master's degrees or doctorates.
The need for staff with technical rather than academic skills continues to grow in the field of technology and communications. A study by the Chamber of Information Technology and Communication concludes that only 2% of companies in the technology sector in the country plan to hire professionals with a PhD, while only 32% said they expected to hire graduates.
The special tax regime for multinationals which have an established site in Panama remains the main factor, while the low supply of trained personnel has been identified as a serious problem.
In addition to tax incentives offered to companies that set up offices, there are also special areas such as Panama Pacific and the Colon Free Zone, whose special schemes offer other incentives for companies to set up there. Despite the sharp increase in the arrival of foreign investment, the high demand for qualified personnel represents a major challenge.
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.
The categories with the largest increases in the rate of recruitment between January and March were the Retail Trade, Wholesale Trade, and Other Services.
Despite the economic slowdown, companies from various sectors are achieving good results and hiring more staff. In the first three months of the year the wholesale, retail and other services categories showed increases of 2.8%, 3.5% and 2.9% respectively compared to the same period in 2013.
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. "