There is still a shortage of workers with the skills and technical training needed to work in several sectors, ranging from agriculture to telecommunications.
Workers with skills to not only operate but also repair specialized farm machinery, and even to train people in the operation of specialized software are what companies have been unable to find in different sectors in Nicaragua.Despite efforts, some even made byvarious private companies, to fund studies and train their employeesso that they can acquire the necessary skills, there remains a significant gap between labor supply and demand in the country.
A lack of specialized technical personnel in manufacturing is raising business costs and reducing productivity.
The lack of staff qualified to repair machinery is not only raising costs but is also creating additional delays, causing a decrease in customers and jeopardizing business continuity. It is estimated that the poor repair of machines makes operating costs of enterprises up to 20% more expensive.
A professional degree used to be a guarantee of social mobility and prestige, but the current labour market pays little for some of them.
The labor market can be compared to the commercial market. Salaries are defined by the evolution of supply and demand. When supply is greater than demand, salaries are lowered and when demand is greater than supply, wages rise.
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