How to Retain the Most Valuable Human Resources

Simply paying more is not enough, instead specific needs of each worker should be addressed, such as flexible schedules, teleworking and services such as child care and fitness.

Tuesday, November 27, 2012

Participating in the Forum on Human Resources by Capital Financiero entitled "Keys to Success in Retaining Talent," were Juan Planells, former director of the National Institute of Vocational Training for Human Development (Inadeh); Alberto Saenz, director of PwC Consulting, and human resource manager of the Panama Canal Authority (ACP), Procter & Gamble and Dell, Jose Rivera, and David Cabrera Enrique Salgado, respectively, who addressed this issue.

In an article in Capital.com, it was reported that "companies that intend to retain talent by applying only the traditional salary adjustments and benefits package, are highly likely to fail in the attempt. Such a strategy might have been effective in the twentieth century, but in the era of the knowledge economy and the Millennium generation, we must go much further. "

In Panama, some companies are already using flexible schedules tailored to the specific needs of each employee, telework systems for key positions, expanded insurance coverage, travel to reward productivity and even offer childcare, laundry and fitness services to their employees.



More on this topic

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October 2014

The difficulties faced by companies in hiring high-profile executives are driving growth in the recruitment market in the country.

With the advent of more multinational companies in the sectors of logistics, banking and insurance, there is growing demand for qualified personnel to fill positions of managers, vice presidents or directors.

Overcoming the Shortage of Qualified Employees

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There are plenty of applicants for the posts, but there are few who are really qualified to meet the demands of each job.

A study entitled 'Lack of Talent 2011' by the firm Manpower Group shows that 30% of companies in Costa Rica say they have trouble finding certain types of staff such as technicians, salesmen and secretaries with the required skills.

Surviving Skills Shortages

July 2011

The shortage of skilled labor has led Panamanian companies to get creative when recruiting staff.

Companies with a need for skilled labor have reached agreements with other companies to share staff, provided incentives to employees to recommend others for vacant positions and have even retain staffed who have officially retired.

The Cost of Staff Turnover

November 2010

"People don´t leave the company, they flee from their managers" - Lynda Ford, from Ford Group.

Speech by Prof. German Céspedes Herrera, from the Institute of Business Studies, during a conference sponsored by El Financiero, on "How to retain talent," which discusses the following topics: