Recruitment Forecast Down for 2019

For the first quarter of 2019, 11% of companies in Panama expect to increase their payrolls, which is less than the 13% reported for the fourth quarter of 2018.

Friday, December 14, 2018

Panamanian employers report limited hiring expectations for the first quarter of 2019, with 11% of employers anticipating an increase in their workforces, 7% expecting a decrease and 78% remaining unchanged, resulting in a +4% Net Employment Trend, says Manpower in its quarterly report.

The document explains that employers in Panama City expect a moderate increase in their workforces for the following quarter, with a +6% Net Employment Trend. However, employers in Colon expect to reduce workforces, reporting a -5% trend. On the other hand, Central Province employers report a 0% trend, and limited hiring plans are reported in the West with a +1% trend.

For the next quarter, employers in three of the six industrial sectors expect an increase in workforces. The strongest hiring plans are reported in Services, with a +14% Net Employment Trend. On the other hand, slight increases are expected in Manufacturing and Construction hiring levels, with +4% and +2% Trends, respectively. However, employers expect to reduce workforces in three sectors, highlighting the sectors of Communications & Transport and Agriculture, Fisheries, Mining & Extraction, with -6% and -2% Trends, respectively.

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More on this topic

Recruitment Expectations Not Improving by 2020

December 2019

For the first quarter of 2020, only 10% of companies in Panama expect to increase their payrolls, a proportion that is slightly lower than the 11% recorded in the same period of 2018.

Panamanian employers report slow hiring plans for the January-March period, with 10% of employers expecting to increase workforces, 10% anticipating a decrease and 75% remaining unchanged, resulting in a Net Employment Trend of 0%, reported Manpower.

Worsening Hiring Expectations

June 2019

For the third quarter of the year, 8% of companies in Costa Rica anticipate a reduction in their payrolls, and only 9% plan to hire new staff.

For the third quarter of 2019, only 9% of companies in Costa Rica expect to increase their payrolls, well below the proportion of companies (12%) that expected to increase their payrolls during the second quarter.

Stable Hiring Expectations

March 2019

For the second quarter of 2019, 12% of companies in Costa Rica expect to increase their payrolls, as reported during the first three months of the year.

ManpowerGroup reported that Costa Rican employers report moderate hiring intentions for the second quarter of 2019. 12% of employers expect an increase in their workforce, 6% anticipate a decrease and 81% remain unchanged, resulting in a Net Employment Trend of +6%.

Recruitment Expectations for 2019

December 2018

In the first quarter of next year, 14% of the business sector in Guatemala plans to increase its contracting, mainly in the construction, services and manufacturing sectors.

From the ManPowerGroup report:

Guatemalan employers report positive hiring plans for the next quarter, with 14% of employers expecting to increase their workforces, 4% anticipating a decrease and 82% remaining unchanged, resulting in a Net Employment Trend of +10%.

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