Program that Pays Companies to Hire Staff Takes Off

In Costa Rica approval has been given to a trust fund through which private companies will be paid $2,700 for each employee hired from the vulnerable population.

Friday, March 11, 2016

The government initiative that aims to pay companies around $2,700 per employee hired from the vulnerable population, has won its first endorsement to be included in a trust administered by Banco Popular.

See also: "State will Pay Companies Hiring from Vulnerable Populations" reports that "... The General Comptroller of the Republic has endorsed the addendum to the contract that allows inclusion of Mi Primer Empleo (My First Job) in the Trust between the Ministry of Labour and PRONAMYPE (National Program for Microenterprise Support and Social Mobility)".

"... Up until last month, 201 companies have signed agreements to participate, and there are 1,615 contracts signed or in progress. The people hired must be under 35 years old, women of all ages or people with disabilities. "

One of the companies that has already joined the program is the Rostipollos franchise, where 75% of its payroll are women. Eduardo Solano, HR manager of the company, told that "... as three restaurants opened last year, they needed to hire 75 more people. "

More on this topic

El Salvador: Tax Incentive for Hiring Young People

February 2017

Companies that hire people aged between 18 and 29 years will be able to deduct from income tax between 3 and 5 minimum wages, depending on the number of young people they hire.

With the amendment to the Incentive Law for the Creation of First Employment for Young People in the Private Sector, adopted by the Assembly, tax exemptions are established for businesses that hire young people aged between 18 and 29.

State will Pay Companies Hiring from Vulnerable Populations

September 2015

The government of Costa Rica will pay $2,700 per person to enterprises hiring in vulnerable sectors and whose staff remain in their posts for at least 12 months.

From a statement issued by the Presidency of Costa Rica:

Promoting job creation in two ways: an economic benefit to businesses that hire people and training in dual education.

Public-Private Partnership to Employ Young People

April 2012

Using partnerships with private sector companies, attempts are being made to provide training and employment opportunities for young people who neither study nor work.

NEO is an initiative led by the Multilateral Investment Fund and the International Youth Foundation, to foster partnerships between the private sector, governments and civil society organizations in order to significantly boost the entry in the workforce for disadvantaged youth in Latin America and the Caribbean.

Guatemala Wants More Call Centers

January 2012

There are appeals to make teaching English obligatory and to encourage cooperation between private enterprises and the government in order to make the country more attractive to the contact center industry, and generate more jobs.

The Government and the private sector aim to create a common initiative to attract more call centers companies, and create 50,000 new jobs for young people, mainly in the next few years ahead, said Call centers already employ some 15,000 young people.

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