Labor Market: Revolution and Challenges

Faced with the sudden change that the new normal generated in companies, employees are challenged to increase their skills to work remotely, adapt to more flexible contracts and refine their technological skills and cognitive qualities.

Tuesday, July 28, 2020

Telecommuting has become an everyday occurrence among companies in the region, which have had to adjust to the restrictions imposed by governments due to the outbreak of covid-19.

According to specialists, this is a time for workers to analyze the hard and soft skills that the market will require and learn them, or improve them if they already possess them. Ideally, in this context of social distancing, it is important to take advantage of online training options.

You may be interested in "Potential Market for Educational Services"

Waldo Tapia, senior pension specialist at the Labor Markets Division of the Inter-American Development Bank (IDB) in Panama, explained to Martesfinanciero.com that "... The world of work is changing radically and both workers and companies are going to have to adapt. There are occupations and tasks that are changing. While the tourism sector is laying off staff, there are others that are becoming a genuine channel for temporary employment. So, in the face of this uncertain future that the pandemic brings, many workers are going to have to adapt, update and re-equip themselves to return to the labor market."

Regarding the profile of employees sought by the companies, Claudia Escobar, manager of ManpowerGroup in Panama, said that "... Companies are looking for people with better reasoning skills, problem solving and teamwork, as well as skills such as oral and written communication."

In the current scenario, it is predicted that the labor market will increase the offers of temporary proposals for projects and with more flexible salaries, Escobar explained to the weekly.

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More on this topic

Human Resources: New Reality, New Needs

August 2020

Focusing the skills of employees according to new opportunities and approving laws that allow for more flexible labor agreements are some of the proposals being discussed in Guatemala for companies to face the new labor reality.

Following the economic crisis that caused the outbreak of covid-19, the recovery and generation of jobs is one of the issues that occupies much of the attention of the government in Guatemala.

Contract Suspension: Another Extension in Panama

July 2020

In this scenario of economic crisis, the Ministry of Labor has extended for the fourth time and for 30 more days, the provision that allows companies in the country to suspend the contracts of their employees.

Executive Decree No. 100 of July 1, 2020 authorized a further extension of the temporary suspension of the effects of employment contracts, which will apply automatically for a period of 30 calendar days in companies whose operations have not been reactivated according to the plans for a gradual return to economic activity, reported the Labor Ministry.

Reduction of Working Hours Allowed in Costa Rica

March 2020

The Executive Branch endorsed the new law that allows companies to temporarily reduce the working hours agreed with their employees, in the context of the crisis generated by the covid-19 virus.

On the morning of March 21, the deputies gave the second debate with 47 votes and unanimous approval to file 21854, the law authorizing the reduction of working hours prior to the declaration of a national emergency, reported the Assembly.

Workforce Automation: More Threat Than Opportunity

December 2018

Although new jobs will emerge, technological changes will have a strong impact in the Central American region, where there is a high proportion of jobs with a high risk of automation.

According to forecasts made by the Inter-American Development Bank (IDB), in 2018 it was estimated that 75% of workers in Guatemala and El Salvador are in high-risk automation jobs.

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