By the second quarter of 2020, 9% of companies in the country expect to increase their payrolls, which is less than the 10% recorded in the same period in 2018.
Panamanian employers report moderate hiring plans for the second quarter of 2020, with 9% of employers expecting an increase in their workforce, 10% anticipating a decrease and 76% remaining unchanged, resulting in a Net Employment Trend of -1%, reported Manpower.
After the first quarter of 2020 in Guatemala, 10% of companies reported that they planned to increase their payrolls, for the second quarter this proportion rose to 15%.
Employers in Costa Rica report cautiously optimistic hiring plans for the second quarter of 2020. Fifteen percent of employers are contemplating an increase in their payrolls, 6% anticipate a decrease and 78% will remain unchanged, so the Net Employment Trend is +9%, reported Manpower.
After 12% of companies in Guatemala reported in the first quarter of 2020 that they planned to increase their payrolls, by the second quarter this proportion had risen by only 1%.
Employers in Guatemala report positive hiring plans for the second quarter of 2020. 13% of employers have contemplated an increase in their payrolls, 2% expect a decrease and 83% will remain unchanged, reported Manpower.
For the first quarter of 2020, 7% of the companies consulted plan to reduce their payrolls, and only 10% plan to increase them.
Employers in Costa Rica report slow growth in their hiring plans for the first quarter of 2020. According to Manpower, 10% of companies are contemplating an increase in their workforce, 7% anticipate a decrease and 82% remain unchanged.
From January to October of this year, 188,015 work contracts were registered in the country, 15% less than the figure reported in the same period of 2018.
The reports of the Ministry of Labor and Labor Development detail that between the first ten months of 2018 and the same period of 2019, the types of indefinite contracts registered a decrease, falling from 62,635 to 47,234.
For the fourth quarter of 2019, 15% of Guatemalan companies are expected to increase their payrolls, a proportion that is slightly lower than the 16% recorded in the same period of 2018, which could be explained by the lack of legal certainty and the recent general elections.
Guatemalan employers report moderate hiring plans for the fourth quarter of 2019.
During the first six months of the year, 116,187 work contracts were registered in Panama, 12% less than the figure reported in the same period in 2018.
The latest report of the Ministry of Labor and Labor Development details that between January and June 2018 and the same period in 2019, the types of indefinite contracts registered a decrease, falling from 38,436 to 28,845.
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%.
As reported for the first three months of the year, for the second quarter of 2019 14% of companies in the country expect to increase their payrolls.
Guatemalan employers report moderate hiring plans for the second quarter of 2019, with 14% of employers hoping to increase their workforces, 4% expect a decrease and 82% do not expect changes, reported Manpower.
In the first semester of the year 132,000 work contracts were registered in Panama, 6% less than the 141,000 contracts reported during the same period in 2017.
The Ministry of Labor and Labor Development reported that between the first six months of 2017 and the same period in 2018, permanent contracts were the only types that registered an increase, rising from 37,726 to 38,436.
After the increase of 2% reported in the number of work contracts in the first four months of the year with respect to the same period in 2017, data accumulated up to May registered a decrease of 2%.
The Office of the Comptroller General of the Republic reported that from January to May 2018 labor contracts registered at the national level amounted to 181,666, which is equivalent to a decrease of 1.5% compared to the 184,435 reported in the same period in 2017.
After the 3% decrease reported in the number of work contracts between the first quarter of 2017 and the same period this year, data accumulated up to April registered a 2% increase.
The Office of the Comptroller General of the Republic reported that between the first four months of 2017 and the same period this year, labor contracts registered at the national level grew by 1.6%, from 145,077 to 147,435.
In the first quarter of the year, 69,291 work contracts were registered, which is equivalent to a fall of 3% compared to the 71,043 contracts reported in the same period in 2017.
The Ministry of Work and Labor Development reported that between the first quarters of 2017 and 2018, permanent contracts were the only types that registered an increase, rising from 17,804 to 19,117.
During the last five years the number of workers affiliated to the social insurance scheme increased by 35%, rising from 673 thousand in 2013 to 914 thousand in 2017.
According to figures from the Central Bank of Nicaragua, in the five-year period between 2013 and 2017, the affiliation of workers to the Nicaraguan Institute of Social Security (INSS) registered sustained growth, reporting an average annual increase of 8%.
The electricity and agriculture sectors were responsible for the year-on-year increase of 4% registered in the number of workers affiliated with the social insurance scheme up to December 2017.
From a report by the Central Bank of Nicaragua:
The Central Bank of Nicaragua (BCN) published on February 9, 2018 statistics on the labor market (employment and salary), corresponding to the month of December 2017.