Impact of Labor Flexibility

The growing trend to work for companies that offer the flexibility to work from home or in spaces outside the office, is modifying the employee performance and even triggering changes in the real estate market.

Friday, May 17, 2019

Experts on the subject say that Panama reports a growing trend, which consists of employees choosing not to work in eminently corporate environments and do so in coworking’s, cafeterias and avant-garde offices, or even work from home.

Borja Castelar, LinkedIn's new business leader for Central America, explained to that "... More and more people are interested in companies offering the benefits of working at home or having two or more days of flexible work."

You may be interested in "Office Rentals Falling"

Tina Chu, an expert in the real estate sector, said that because of "... the business need to increase results. Companies of all sizes realized that their employees need "flexibility and ease of movement" to improve the organization's "productivity rates. It's more than proven that at home you get, for example, a better work performance. This has led to less office space being required.

These new trends are explaining part of the transformation of the real estate market, as the change in preferences has resulted in a decline in demand for traditional offices. Data from the Panamanian Chamber of Construction specify that until September last year investment in office construction only registered fluctuations in the townships of Parque Lefevre and Tocumen.

Also see "Real Estate Market is Saturated?"

According to IDC estimations, by 2020 globally, it is estimated that 72% of employees will work remotely.

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More on this topic

Telecommuting: Discussion Begins in Panama

August 2019

A bill establishing the rights and responsibilities of employers and workers who use telecommuting in the country was presented.

In order to regulate the new labor trend of telecommuting in our country, the Labor Commission received draft law No. 125 proposed by Congressman Raul Fernandez, informed the National Assembly.

Costa Rica: Telecommuting Law Approved

August 2019

In the second debate, the bill to regulate telework was approved, with the aim of promoting this type of work to boost employment generation in the country.

According to the approved bill, in order to establish a telework relationship, the employer and the teleworker must sign a telework contract, which is subject to the law and other provisions governing employment in Costa Rica, informed the Legislative Assembly.

Telecommuting is Not Fully Exploited

August 2019

Although working from home is considered a non-wage incentive because of the flexibility and benefits it provides to the employee, this mode of work is not yet a trend for companies in Guatemala.

Implementing work from home or home office, is a modality increasingly popular among executives and professionals who see the benefits that telecommuting provides.

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.

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