Hiring Expectations Still Declining

By the second quarter of 2020, 9% of companies in the country expect to increase their payrolls, which is less than the 10% recorded in the same period in 2018.

Thursday, March 12, 2020

Panamanian employers report moderate hiring plans for the second quarter of 2020, with 9% of employers expecting an increase in their workforce, 10% anticipating a decrease and 76% remaining unchanged, resulting in a Net Employment Trend of -1%, reported Manpower.

The report states that "... Employers in three of the four regions expect to reduce their workforces during the next quarter. Employers in Panama City report weaker hiring plans, with a -2% Net Employment Trend, while Trends in Colon and West are at -1%, on the other hand, employers in Central Provinces anticipate some hiring, reporting a +7% Trend.

By the second quarter of 2020, employers expect to reduce their workforces in four of the six sectors. The slowest pace of hiring is expected in Manufacturing, where the Net Employment Trend is at -6%. Weak Trends are reported in Construction and Agriculture, Fishing, Mining & Extraction, with -4% and -3%, respectively, while the Trade Trend is at -2%. On the other hand, Communications & Transport employers anticipate a weak labor market, reporting a 0% Trend, while Services employers expect some increases in their workforce, reporting a +7% Trend.

Employers in two of the four organization sizes expect to increase their workforces during the next quarters. The Net Employment Trend of +6% is reported by Medium-sized companies, while a Trend of +4% is reported by Large companies. However, Small and Micro companies expect to reduce their workforce, reporting Trends of -3% and -2%, respectively.
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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: 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: 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.

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