Costa Rica: Hiring Expectations Go Down

For the first quarter of 2020, 7% of the companies consulted plan to reduce their payrolls, and only 10% plan to increase them.

Thursday, December 12, 2019

Employers in Costa Rica report slow growth in their hiring plans for the first quarter of 2020. According to Manpower, 10% of companies are contemplating an increase in their workforce, 7% anticipate a decrease and 82% remain unchanged.

The report explains that "... Employers in three of the six regions expect to increase hiring levels during the next quarter. The strongest hiring pace is forecast in Heredia, where the Net Employment Trend stands at +10%. On the other hand, Trends of +2% and +1% are reported in San José and Cartago, respectively. While employers expect to reduce their workforces in Alajuela and Puntarenas & Limón, with Trends of -3%, and in Guanacaste, where the trend is -9%.

An increase in workforces is anticipated in four of the six sectors over the next three months. The strongest labor market is forecast by the employers of Agriculture, Fishing, Mining & Extraction, who report a Net Employment Trend of +6%. On the other hand, limited hiring plans are expected in Manufacturing and Commerce, with Trends of +3% and +2%, respectively, while the Trend for Services is +1%. However, employers expect to reduce their workforce in Construction, reporting a Trend of -6%, and in Communications & Transportation, where the Trend is at -3%.

Medium-sized companies expect to increase their workforce over the next three months, reporting a Net Employment Trend of +6%, while large companies report a 0% Trend. However, Micro and Small Business employers expect to reduce their workforce, reporting -1% and -3% Trends, respectively.
"

See full report (in Spanish).

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More on this topic

Recruitment Expectations Not Improving by 2020

December 2019

For the first quarter of 2020, only 10% of companies in Panama expect to increase their payrolls, a proportion that is slightly lower than the 11% recorded in the same period of 2018.

Panamanian employers report slow hiring plans for the January-March period, with 10% of employers expecting to increase workforces, 10% anticipating a decrease and 75% remaining unchanged, resulting in a Net Employment Trend of 0%, reported Manpower.

Costa Rica: Slight Improvement in Recruitment Expectations

September 2019

Although by the fourth quarter of 2019, 13% of companies are expected to increase their payrolls, the proportion that anticipates a decrease went up to 11%.

13% of employers expect an increase in their workforce, 11% anticipate a decrease and 74% remain unchanged, resulting in a Net Employment Trend of +2%, explains the ManPower report.

Guatemala: Slight Decrease in Hiring Expectations

June 2019

After it was reported for the second quarter of 2019 that 14% of companies projected to increase their payrolls, for the third quarter this proportion went down to 13%.

Manpower's latest report states that Guatemalan employers report moderate hiring plans for the third quarter of 2019, with 13% of employers expecting to increase their workforces, 5% anticipating a decrease and 82% remaining unchanged, resulting in a Net Employment Trend of +8%.

Guatemala: Stable Hiring Expectations

March 2019

As reported for the first three months of the year, for the second quarter of 2019 14% of companies in the country expect to increase their payrolls.

Guatemalan employers report moderate hiring plans for the second quarter of 2019, with 14% of employers hoping to increase their workforces, 4% expect a decrease and 82% do not expect changes, reported Manpower.

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