Hiring Expectations Fall at the End of 2019

For the fourth quarter of 2019, 15% of Guatemalan companies are expected to increase their payrolls, a proportion that is slightly lower than the 16% recorded in the same period of 2018, which could be explained by the lack of legal certainty and the recent general elections.

Wednesday, September 11, 2019

Guatemalan employers report moderate hiring plans for the fourth quarter of 2019. 15% expect to increase their workforce, 5% expect a decrease and 80% do not expect changes, resulting in a Net Employment Trend of +10%, according to the report prepared by Manpower.

Ana Lucía Ochoa, spokeswoman for Manpower in Guatemala, explained to Prensalibre.com that "... Investors have been cautious because of the national situation, lack of legal certainty and electoral process said the executive. The poll was conducted in August, before the second round of voting."

Ochoa added that "... In addition, Guatemala's economy depends on the behavior of the economy of other countries, so less employment, less consumption or even the risk of recession in other regions can influence behavior.

The document reviews that ".... Increases in workforces are expected in five of the six industrial sectors during the next quarter. The Communications & Transport sector reports the strongest hiring intentions with a +13% Net Employment Trend. On the other hand, stable job growth is expected in the Construction and Services sectors with +12% Trends, while +10% and +7% Trends are reported for the Trade and Manufacturing sectors, respectively. However, the Agriculture, Fisheries, Mining & Extraction sector reports a 0% Trend.

Employers expect to increase their workforces in all five regions during the next quarter. The strongest labor market is expected in the North, where the +16% Net Employment Trend reflects increases in hiring plans. On the other hand, employers forecast a moderate hiring pace in the Center with a +10% trend, while the Trend for the South remains at +6%. However, the weakest hiring intentions are reported in the West and East with +3% Trends
.

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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%.

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Guatemala: Slight Decrease in Hiring Expectations

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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.

Expectations for Job Hires in 2018

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For the first quarter of 2018, 24% of companies in Costa Rica expect to increase their payrolls, 71% do not foresee changes and 4% anticipate a reduction.

From the ManpowerGroup report: 

Comparative by Region

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