Panama: Rise in Number of Employment Contracts

In August 21,562 new employment contracts were recorded, an increase of 3% compared to the same period in 2014.

Friday, September 11, 2015

The construction sector saw the most new jobs created in August, with 8164 new contracts generated, more than the 7534 registered in the same month in 2014.Followed the construction sector was trade, hotels and restaurants, manufacturing, and financial services.

".. The data indicates that the contracts defined totaled 7,831, 6,084 permanent and 7,647 specific work by August 2015. Comparatively labor contracts of 2015 exceeded those of the same measurement period, but in 2014 by 3.24% or 20,885 contracts recorded during that month. "

Anpanama.com reports that "... According to the latest Employment Outlook survey by Manpower Panamanian employers cited modest hiring plans for the coming quarter, reflecting the lower rate of recruitment in the last five years.
The survey indicates that 18% of employers forecast an increase in their staffing levels, 7% anticipate a decrease, while 73% expect it to remain the same and 2% did not know. "



More on this topic

Panama: Labor Hiring Falls to 16%

January 2020

From January to November last year, 201,466 work contracts were registered in the country, 16% less than the figure reported in the same period in 2018.

Reports from the Ministry of Labor and Labor Development detail that between the first eleven months of 2018 and the same period in 2019, the types of indefinite contracts registered a decrease, falling from 66,472 to 50,843.

Part-time Employment and its Application

July 2019

How much should be paid in benefits such as bonuses and incentives to part-time workers is one of the doubts that arise among employers after the new regulation enters into force.

According to the authorities of the Ministry of Labor, in the case of the payment of bonus 14 and incentive, the companies must make a disbursement proportional to the salary earned by the part-time worker.

Panama: Employment Contracts Up 7%

May 2016

In the first four months of the year 97,234 employment contracts were signed, 7% more than in the same period in 2015.

Government figures indicate that between January and April 97,234 contracts were signed, higher than the 90,841 in 2015, registering an absolute increase of 6,393 new jobs.

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) .

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