The Bebasa Group will oversee the design and construction of the New Life project in the village of Curundú, Panama City, in the amount of $7.5 million.
The Ministry of Housing and Land Management (Miviot) won the contract for $7,581,845.39 for the supply of materials, labor, equipment and administration for studies, designs and construction of the building infrastructure project Nueva Vida, located on Fourth Avenue, in the village of Curundú, Panama District, Panama Province.
Cities far away from the capital which have free zone regimes, labor and are close to ports, are becoming attractive places for businesses.
The characteristics of the so-called "emerging cities" outside of the greater metropolitan area, are mainly being exploited by multinational companies who want to operate under free zone schemes and near port terminals and areas with good road access. Turrialba, Cartago, and Orotina, Alajuela, are two of the locations identified as potential spots for foreign investment, according to the CINDE.
The private sector claims that it is not enough to invest $10 million in the construction of a technical school if the academic programs are not developed considering the staffing needs of the productive sectors.
The problem of a shortage of technically skilled labor in Panamanian companies will not be resolved if educational programs do not take as a starting point the demands of the productive sector.
Panama's improvement in the availability index of skilled labor, does not respond to an increase in supply, but to a drop in demand because of a slowdown in the economy.
An article on Panamaamerica.com.pa details the results obtained from the Talent Shortage Survey conducted by Manpower, noting that "... Panama has reduced its deficit of talent and skilled labor by 12 percentage points during the last year, going from 58% to 46%, however, the causes are not so encouraging, since the reduction is due to a decrease in the search for personnel by companies. "
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.
Companies are struggling to find employees with skills in information technology, programming and networking, electricity, processing and assembly of medical parts.
The Talent Shortage study (2014) by Manpower notes that "... 51% of the 620 Costa Rican employers surveyed said they can not find suitable professionals to perform the tasks required by their company." The main cause, according to the contractors, is lack of technical skills.
The unemployment rate now reaches 10% in a population where 60% of workers have not completed high school, but teachers refuse to be evaluated on their ability in subjects they teach.
An article in Nacion.com cites statements by Victor Morales, Minister of Labour, on the rising unemployment levels in Costa Rica: "...There is a mismatch between supply and demand in the corporate sector. There is a demand for skilled technicians; but most of the Costa Rican labor force is unskilled. 60% have not finished high school; it is a national drama. "
The consortium formed by the Nicaraguan Llansa Ingenieros, NAP Ingenieros y Nicaragua Ingenieros S.A has been subcontracted by HKND for preliminary works.
Elnuevodiario.com.ni reports that "...The works which began on December 22 consist of the construction of five temporary access roads, improving two existing access roads near port Brito and the West Lock proposed for the Canal, the clearing of a strip of 50 meters along the center line of the proposed route for the Canal and auxiliary facilities. "
Projections are that for the five year period between 2015-2020 there will be a shortfall of 70,000 workers in the sectors of construction, logistics, tourism and agriculture.
According to the National Competitiveness Center, in the specified period there will be a shortage of workers especially in the logistics sector, where they will need at least 35,000 technicians, ie 49.5%, while in the construction area demand will be for around 28,000 people, representing 40.3%. In the case of the tourism sector it is estimated that it will require approximately 4,113 technicians, ie 5.7% and in agriculture about 3,203, the remaining 4.5%.
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.
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.
With the training of 8000 construction workers the guild seeks to improve the quality of the workforce and prepare to meet the demand from projects announced by the government and private industry.
The worker training sessions will be conducted jointly by the Nicaraguan Chamber of Construction (NCC) and the Technological Institute (Inatec), and will begin with the training of 8000 workers over a period of 4 months.