Business Management Comes from Abroad

63% of Panamanian companies are led by foreigners or Panamanians who studied abroad, according to Goethals Consulting.

Tuesday, June 30, 2009

The results of the Business Competence Index 2009 for Panama, conducted by consultants at Goethals Consulting through a survey of 200 large Panamanian companies, reveals the lack of competence of the Panamanian college system, according to, lawyer Ramón Barreiro, a member of the multi-disciplinary team that did the study.

According to the article on the website, the lawyer commented that “The companies…perceive that the academic offerings of the national universities aren’t up-to-date or able to meet corporate demands and they prefer to contract professionals with foreign education backgrounds for upper management.”

More on this topic

Which Workers are Needed by Businesses in Costa Rica

June 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.

How to Retain the Most Valuable Human Resources

November 2012

Simply paying more is not enough, instead specific needs of each worker should be addressed, such as flexible schedules, teleworking and services such as child care and fitness.

Participating in the Forum on Human Resources by Capital Financiero entitled "Keys to Success in Retaining Talent," were Juan Planells, former director of the National Institute of Vocational Training for Human Development (Inadeh); Alberto Saenz, director of PwC Consulting, and human resource manager of the Panama Canal Authority (ACP), Procter & Gamble and Dell, Jose Rivera, and David Cabrera Enrique Salgado, respectively, who addressed this issue.

The headhunting business

July 2011

Panama is the regional center with the fastest growing activity in headhunting, with the search on for CEOs, presidents and senior professionals.

The arrival of recruitment agency Amrop in the Panamanian market has increased competition in an already competitive area of human resources search and selection.

Saongroup buys recruitment website in Central America

September 2008

Irish online recruiter has expanded its operations to central America with the acquisition of

The Irish recruiter, which is jointly owned by telecoms entrepreneur Denis O'Brien and Cork businessman Leslie Buckley, is believed to have paid more than $3 million (€2.05 million) to acquire the business although no price was disclosed.

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