Which Employees Are Changing Jobs the Most?

In Costa Rica, employees under the age of 21 show the highest rates of turnover because of resignation, with 31%, higher than the general average turnover, which is 23%.

Tuesday, May 14, 2019

The data from the survey Business System Salary Information PricewaterhouseCoopers Costa Rica (PwC), specify that in the country the turnover of workers who began to work in 2018, was 33%.

Victoria Scott, manager of Consulting in Compensation & Benefits of PwC Costa Rica, explained to Nacion.com that "... in the industrial sector was 25.5%, in services 21.4%, in the financial sector 12.9% and in the commercial sector 3.4%."

When calculations are made by type of work performed, the study reveals that at the operational level there is a turnover rate of 20.1%, followed by 14.2% by the technical level.

The article reviews that "... The study showed that in the first half of 2019 salaries increased, on average, by 2.4% and it is expected that for the second half of the year salaries will grow by 2.3%."

More on this topic

Costa Rica: Hiring Expectations

September 2018

For the fourth quarter of 2018, 10% of companies in the country expect to increase their payrolls, 85% do not foresee changes and 4% anticipate a reduction.

From a report by the ManpowerGroup :

Employers in five regions foresee an increase in their workforce during Q4 2018. Employers in Heredia report the strongest hiring intentions with a Net Employment Outlook of + 11%. On the other hand, employers in San José and Cartago report a moderate hiring activity with Trends of + 9%, while the Tendency for Alajuela is located at + 8%. Employers in Guanacaste anticipate a slight increase in their workforce with a Trend of + 4%, however, in Puntarenas & Limón, hiring levels are expected to fall, reporting a Trend of -3% 

Nicaragua: Decline in Formal Employment Gets Steeper

August 2018

In line with the year-on-year falls of 2%, 4% and 7% reported in March, April and May, in June 810,430 workers were registered as enrolled in the social security scheme, 12% less than was reported in the same month in 2017.

In relation to the performance of the sectors, the Central Bank of Nicaragua (BCN) reported that in year-on-year terms, most of the activities registered decreases, except for the manufacturing industry activities, and electricity, gas and water, which recorded increases of 1.4% and 0.2%, respectively.

Operations at Cobre Panama Mining Project Normalized

July 2014

The company Minera Panama has made an agreement to resume construction work at the mine after reaching an agreement with workers over working schedules.

After construction stopped in the Cobre Panama mine project on June 27, due to a labor dispute with workers of the project, the company First Quantum Minerals has said it has reached an agreement to resume work.

The Cost of Staff Turnover

November 2010

"People don´t leave the company, they flee from their managers" - Lynda Ford, from Ford Group.

Speech by Prof. German Céspedes Herrera, from the Institute of Business Studies, during a conference sponsored by El Financiero, on "How to retain talent," which discusses the following topics:

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