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.
Wednesday, March 13, 2019
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%.
The report states that "... Employers in three of the six regions forecast an increase in hiring plans during the next quarter. Optimistic hiring plans are anticipated in both Alajuela and Heredia, with Net Employment Trends of +11%, while the Trend for San Jose remains at +7%. However, employers in three regions expect to reduce their workforces, with notable Trends of -4% and -2% in Guanacaste and Puntarenas & Limón, respectively, while the Trend in Cartago remains at -1%.
An increase in workforces is expected in five of the six industrial sectors during the April-June period. Employers in the Communications & Transport sector report strong hiring plans with a Net Employment Trend of +12%. On the other hand, the Services sector reports optimistic contracting plans with a Trend of +11%, while Trends of +8% and +4% are reported for the Agriculture, Fishing, Mining & Extraction and Manufacturing sectors, respectively. The Construction sector anticipates a stable contracting rhythm with a Trend of +2%, but the Commerce sector anticipates slow contracting plans with a Trend of 0%.
Employers in three of the four organizational sizes expect increases in their workforces during the second quarter of 2019. Large companies report strong hiring plans with a Net Employment Trend of +14%. On the other hand, Trends remain at +7% and +5% for Small and Medium Enterprises, respectively. However, Microenterprises anticipate a slow labor market with a Trend of 0%."
After it was reported for the second quarter of 2019 that 14% of companies projected to increase their payrolls, for the third quarter this proportion went down to 13%.
Manpower's latest report states that Guatemalan employers report moderate hiring plans for the third quarter of 2019, with 13% of employers expecting to increase their workforces, 5% anticipating a decrease and 82% remaining unchanged, resulting in a Net Employment Trend of +8%.
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.
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.
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.
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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