Extreme Labor Mobility in Panama

In an economy with a high amount of available jobs, the 57,000 resignations registered from January to May reveal a high level of job instability, which hurts both employers and employees.

Friday, June 28, 2013

Between January and May this year there were about 57,000 renunciations, which is about 3000 more than in the same period of 2012, mainly by people aged between 18 and 35. The predominant cause is the search for better wages and working conditions.

According to the unionist Samuel Rivera, people hand in their resignations for various reasons and one of them is because employers do not comply with the regulations of the Labour Code in regards to contracts, payment of minimum wages, among other things. "This situation, as a country, is not good for us, because workers must accumulate a two-year period in order to have stability and be eligible for loans, so a mechanism has to be found to lower slightly the number of resignations that are registered in the country" he added.

¿Busca soluciones de inteligencia comercial para su empresa?

More on this topic

Flexible Working Hours Requested in Costa Rica

July 2014

Industrialists are asking for inclusion in the Labour Code a 12 hour work day, and in cases in where the law permits, annualized hours.

From a statement issued by the Chamber of Industries (ICRC):

July 2014. In the view of the ICRC establishing additional rules for working time in Costa Rican legislation represents an excellent option for generating higher quality employment opportunities, while at the same time allowing firms to improve their production levels.

Panama: Economic Growth Vs. Employment

October 2013

While the unemployment rate remains the lowest in Latin America, an even greater level of preparedness of the workforce is needed to achieve dynamic and sustainable growth.

According to an article in Capital.com.pa the rate of employment growth is no longer parallel to economic growth, noting that "According to official figures, between March 2012 and March 2013 there was a decrease in the labour force of nearly 7,000 jobs. "

In Panama People will Change Jobs for $25 More

July 2012

Lack of skilled workers is making it necessary for headhunters to look for staff in other companies, generating very high job instability.

In Panama losing your jobs or simply taking a sabbatical, is not a problem. Anyone with the minimum qualifications can get a job any time they want.

High Labor Mobility in Panama

May 2011

The arrival of new businesses is increasing the number of positions and making the labor market more dynamic.

More and more Panamanians are deciding to quit their jobs and move to a another one with better pay. In the first four months of the year alone there were 10 000 more resignations compared to the same period in 2010.