Panama Accelerates Recruitment

The number of employment contracts recorded during the first quarter of 2013 increased by 20% compared to the same period in 2012.  

Wednesday, June 5, 2013

The demand for staff has intensified due to economic growth, rising domestic demand and the expansion of national and multinational companies in the country.

Statistics from the Ministry of Labour and Workforce Development (Mitradel) reveal that during the first four months of this 2013 87,861 new employment contracts were registered in the country, of which 37.8% are for a fixed period, 29.2% indefinitely, and 32% for work completed.

"The number of new contracts recorded during the first quarter of 2013 represents an increase of 20.17% compared to the same period last year when 72,965 contracts were signed, indicating that labor hiring has accelerated; between 2011 and 2012 staffing grew by 8.54%," noted an article in Capital.com.pa.

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More on this topic

Growing Demand for Labor in Panama

October 2013

Between January and August 2013 there were 183,562 employment contracts, of which 69,830 were for an indefinite period and 59,763 for fixed work.

The Economic activities which report the most amount of contracts in that period were hotels and restaurants, manufacturing, service, finance and insurance, transport, storage and mail, information, communication, and others, according to the Ministry of Labour and Development (Mitradel) .

Rise in Employment Contracts in Panama

September 2013

Between January and July 2013 there were 159,866 new labor contracts, marking a growth of 14%.

The data was provided by the Ministry of Labor and Workforce Development.

"37% of the contracts were permenant, 29% temporary and the rest were for projects that had a fixed completion date," reported Prensa.com.

Increase in Employment Contracts in Panama

November 2012

In the first seven months of the year, 235, 529 employment contracts were made, 17, 406 more than in the same period in 2011.

A press release from the Ministry of Economy and Finance of Panama reads:

The Ministry of Labor and Workforce Development, recorded between January and July 2012, about 235,529 employment contracts, contracts 17,406 more than in the first seven months of 2011, as announced by the department of economic research at the Ministry of Economy and Finance, in a report.

More Foreign Workers in Panama

March 2010

Work permits to foreigners have increased 24.4% in the first two months of 2010.

1.220 permits were issued between January and February 2010, 24,4% more than in the same period of 2009, when 980 permits were granted.

“Jaime Bocanegra, consulting director at PricewaterhouseCoopers, said that companies will pile on the pressure, especially multinational corporations, as there are not enough skilled workers in Panama”.

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