Recruitment Expectations Not Improving by 2020

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.

Tuesday, December 17, 2019

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.

The report states that "... Employers expect to increase hiring levels in two of the four regions during the next quarter. Limited hiring is anticipated in Panama City and the West, with Net Employment Trends of +2%. However, employers expect to reduce their workforces in Central Provinces, where the trend is -7%, and Colon, which reports a -4% trend.

Employers anticipate an increase in workforces in four of the six sectors over the next quarter. The strongest hiring plans are reported in Communications & Transportation, where the Net Employment Trend is +8%. On the other hand, Service employers forecast moderate hiring activity, reporting a +6% Trend, while Trends for the Construction and Agriculture, Fishing, Mining & Extraction sectors are +3% and +2%, respectively. However, employers expect to reduce their workforces in the Manufacturing and Trade sectors which show -10% and -5% Trends, respectively.

Large companies expect to increase their workforces during the following quarter, reporting a Net Employment Trend of +5%. However, Micro and Medium Enterprises expect to reduce their hiring levels, reporting Trends of -3% and -2%, respectively. On the other hand, the Small Business Trend stands at 0%.
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See full report (in Spanish).

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More on this topic

Guatemala: Recruitment Expectations for 2020

December 2019

After in the fourth quarter of 2019, 15% of companies reported that they planned to increase their payrolls, for the first quarter of 2020 this proportion drops to 12%.

Guatemalan employers report moderate hiring intentions for the first quarter of 2020. With 12% of employers expecting an increase in their workforces, 5% predicting a decrease and 83% remaining unchanged, reported Manpower.

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.

Stable Hiring Expectations

March 2019

For the second quarter of 2019, 12% of companies in Costa Rica expect to increase their payrolls, as reported during the first three months of the year.

ManpowerGroup reported that Costa Rican employers report moderate hiring intentions for the second quarter of 2019. 12% of employers expect an increase in their workforce, 6% anticipate a decrease and 81% remain unchanged, resulting in a Net Employment Trend of +6%.

Recruitment Forecast Down for 2019

December 2018

For the first quarter of 2019, 11% of companies in Panama expect to increase their payrolls, which is less than the 13% reported for the fourth quarter of 2018.

Panamanian employers report limited hiring expectations for the first quarter of 2019, with 11% of employers anticipating an increase in their workforces, 7% expecting a decrease and 78% remaining unchanged, resulting in a +4% Net Employment Trend, says Manpower in its quarterly report.

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