Panama: Labor Supply Does Not Meet Demand

In job fairs convened by the State over the last two years only 35% of the job offers by companies were able to be filled.

Wednesday, July 27, 2016

The problem of a labor supply not matching the demands of the private sector persists in Panama, where companies have to invest time and money into order to cover the limitations of graduates of the public education system, which is putting a brake on development. 

See also: "Shortage of Talent in Guatemala"

Prensa.com reports that "...Through the 27 job fairs convened by the Ministry of Labor and Workforce Development (Mitradel) in the last two years, 72,320 jobs were offered, however from this total, 25,312 people joined the labor market, only 35% of the vacancies offered by the private sector."

"... According to analysts of labor issues, the explanation is that many people who attend these job fairs convened by the State did not have a good enough education or enough years of experience in the labor market. "

Poor academic preparation falls particularly on young people, whose lack of work experience makes access to employment even more difficult. Figures from the General Comptroller indicate that   "... between 2009 and 2015, young people got only 1 out of every 16 new permanent jobs generated by the economy." 



More on this topic

Too Many Jobs, Not Enough Workers

April 2018

It is estimated that between 2015 and 2020, Panama will need to hire around 68,000 employees with technical specialties, and the logistics sector will be the leader in the demand.

According to a labor market study carried out by the Ministry of Labor and Labor Development (Mitradel), estimates for from demand companies for technical personnel is high, with the logistics, industry, tourism, agriculture and construction sectors being those that most need staff with these capabilities. 

Jobs Fall Due to Slower Economic Pace

June 2015

Panama's improvement in the availability index of skilled labor, does not respond to an increase in supply, but to a drop in demand because of a slowdown in the economy.

An article on Panamaamerica.com.pa details the results obtained from the Talent Shortage Survey conducted by Manpower, noting that "...

Costa Rica Needs Engineers and Salespeople

June 2013

Engineers in different specialties, sales representatives and administrative assistants, who are all fluent in English, are those most in demand.

The Talent Shortage Survey, conducted by ManpowerGroup Costa Rica among 620 employers, found that in the case of university courses "engineering (with their different emphases) is the only one that stands out in the list of jobs in demand this year ... ", reported Nacion.com.

Shortage of Qualified Labor in Guatemala

November 2010

Employers indicate greater difficulty in finding skilled labor.

According to a study by Manpower, 36% of surveyed employers revealed difficulties this year in getting qualified employees, while in 2009 the figure was 20%.

"The immediate problem is not the number of potential candidates, but rather the shortage of talent, because not enough people are sufficiently qualified," Prensalibre.com published.

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