Improved Hiring Expectations

For the third quarter of 2019, 10% of companies in Panama expect to increase their payrolls, slightly above the 8% recorded in the second quarter of the year.

Tuesday, June 11, 2019

Panamanian employers report cautious hiring intentions for the next quarter, with 10% of employers expecting to increase their workforces, 8% anticipating a decrease and 76% remaining unchanged, resulting in a Net Employment Trend of +2%, reports Manpower in its quarterly study.

The document details that "... Employers in two of the four regions expect to increase their workforces during the third quarter of 2019. Employers in Panama City anticipate the strongest labor market, reporting a Net Employment Trend of +7%, while the Western Trend stands at +2%. On the other hand, employers in Colon report a 0% trend, while employers in Central Provinces expect a reduction in their workforces, reporting a -10% trend.

Increases in contracting levels are expected in four of the six sectors during the third quarter of 2019. The strongest labor market is expected in Construction, where employers report a Net Employment Trend of +10%. Moderate hiring activity is expected in Services, with a +7% trend and in Communications & Transport, where employers report a +6% trend. Employers in Agriculture, Fishing, Mining & Extraction foresee limited hiring activity, reporting a +4% Trend, while the Trend for Trade is uncertain, standing at -1%. On the other hand, Manufacturing employers expect to reduce their workforce, reporting a Trend of -3%.

Increases in workforces in three of the four organizational sizes are expected by the third quarter of 2019. Large companies report the strongest hiring plans with +10% Net Employment Trend, while Trends for Medium and Small Businesses are at +6% and +2%, respectively. On the other hand, Microenterprises report a 0% Trend.
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More on this topic

Guatemala: Slight Decrease in Hiring Expectations

June 2019

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%.

Worsening Hiring Expectations

June 2019

For the third quarter of the year, 8% of companies in Costa Rica anticipate a reduction in their payrolls, and only 9% plan to hire new staff.

For the third quarter of 2019, only 9% of companies in Costa Rica expect to increase their payrolls, well below the proportion of companies (12%) that expected to increase their payrolls during the second quarter.

Recruitment Expectations for 2019

December 2018

In the first quarter of next year, 14% of the business sector in Guatemala plans to increase its contracting, mainly in the construction, services and manufacturing sectors.

From the ManPowerGroup report:

Guatemalan employers report positive hiring plans for the next quarter, with 14% of employers expecting to increase their workforces, 4% anticipating a decrease and 82% remaining unchanged, resulting in a Net Employment Trend of +10%.

Costa Rica: Hiring Expectations

September 2018

For the fourth quarter of 2018, 10% of companies in the country expect to increase their payrolls, 85% do not foresee changes and 4% anticipate a reduction.

From a report by the ManpowerGroup :

Employers in five regions foresee an increase in their workforce during Q4 2018. Employers in Heredia report the strongest hiring intentions with a Net Employment Outlook of + 11%. On the other hand, employers in San José and Cartago report a moderate hiring activity with Trends of + 9%, while the Tendency for Alajuela is located at + 8%. Employers in Guanacaste anticipate a slight increase in their workforce with a Trend of + 4%, however, in Puntarenas & Limón, hiring levels are expected to fall, reporting a Trend of -3% 

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