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.
Companies recognize how important managing a growing international and mobile workforce is for the future of their businesses, but they do not know how to do it.
Companies do not have an appropriate strategy to deal with the transformation that is happening the way of working in the world -from the convergence of five generations to operations spread across the planet- which will lead to a crisis in management, attraction and retention of talent, concludes the Workforce 2020 study, prepared by Oxford Economics and SAP.
Although improvements have been noted, the region's human resources are still far from achieving the level necessary to sustain competitive economies at the global level.
The Human Capital Index, constructed by the World Economic Forum, provides a long-term focus on how nations are developing their human capital and establishing workforces prepared for the demands of the increasingly competitive global economy.
There are plenty of applicants for the posts, but there are few who are really qualified to meet the demands of each job.
A study entitled 'Lack of Talent 2011' by the firm Manpower Group shows that 30% of companies in Costa Rica say they have trouble finding certain types of staff such as technicians, salesmen and secretaries with the required skills.
The Social Security Department already has a shortfall of 200 specialists and in the next 4 years more than 400 currently serving doctors will retire.
At the moment there are 1443 medical specialists working in the Social Security Department (CSS), 405 are over 58 years old, which means that they will retire in four years, according to information from the Directorate of National Health Services and Benefits at the CSS.
The main productivity issue in Latin America is that countries spend too many resources in small, underproductive companies.
In the 1960s, Latin America had a per capita income of 25% of that of the United States, but it has dropped to 16%. On the contrary, several Asian nations that had in 1960 much lower incomes than the region are now joining the ranks of high income countries.
Much of the discussion has been directed toward attracting more physical investment or specified productive projects. The quest for encouraging concessions, which the last Government carried out, is one example.
Panama's economic boom and political stability is proving a magnet for middle-class immigrants.
The trend can be seen in the large number of foreigners who hold senior positions in companies and of retirees flooding in from overseas, said Raul Moreira, president-elect of Panama's College of Economists.
Costa Rica and Panama will have to import about 300,000 workers over the next few years to ensure the harvest of their agricultural products and the modernization of the Panama Canal, an official from the International Organization for Migration (IOM) says.
The IOM director for Mexico and Central America, José Pirés, said these countries will have to import workers from Bolivia, Ecuador, Colombia, Cuba or Brazil to meet the demand for workers.