Guatemala: Recruitment Expectations for 2020

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%.

Wednesday, December 11, 2019

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.

The document states that "... Employers in four of the five regions forecast increases in their workforces for the period from January to March. The strongest hiring intentions are reported at the Center, where the Net Employment Trend is +10%. In the West, employers anticipate a slight rate of hiring, reporting a +6% trend, while in the North and East the Trends are +3%. However, employers in the South expect to reduce their workforces, reporting a Trend of -2%.

An increase in the workforce is expected in five of the six industrial sectors during the first quarter of 2020. Employers in the Construction sector expect a strong hiring pace, reporting a Net Employment Trend of +14%. Stable hiring expectations are reflected in the Services and Communications & Transport sectors, with +10% Trends, while Trends stand at +6% and +5% in the Manufacturing and Trade sectors, respectively. However, employers in the Agriculture, Fishing, Mining & Extraction sector report a Trend of 0%.

An increase in workforces in three of the four company sizes is expected during the first quarter of 2020. Large companies highlight a Net Employment Trend of +26%, while Trends of +8% and +5% are reported by Medium and Small companies, respectively. However, Microenterprises expect to reduce their labor force, reporting a Trend of -2%."


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More on this topic

Slight Improvement in Hiring Expectations

March 2020

After 12% of companies in Guatemala reported in the first quarter of 2020 that they planned to increase their payrolls, by the second quarter this proportion had risen by only 1%.

Employers in Guatemala report positive hiring plans for the second quarter of 2020. 13% of employers have contemplated an increase in their payrolls, 2% expect a decrease and 83% will remain unchanged, reported Manpower.

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: Hiring Expectations Go Down

December 2019

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

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.

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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