It is estimated that between 2015 and 2020, Panama will need to hire around 68,000 employees with technical specialties, and the logistics sector will be the leader in the demand.
According to a labor market study carried out by the Ministry of Labor and Labor Development (Mitradel), estimates for from demand companiesfor technical personnel is high, with the logistics, industry, tourism, agriculture and construction sectors being those that most need staff with these capabilities.
Between 300 thousand and 500 thousand professionals in different areas are estimated to be needed in order to cover the jobs that could be generated in the next ten years.
Panama's economic growth potential can not be fully developed if the necessary conditions are not developed, one of which is the quality of the labor supply.
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.
Nicaraguan companies are having difficulty finding employees who are 24 years old or younger with the required socio-emotional and academic skills.
From the executive summary of a document entitled "Skills required by companies in Nicaragua" prepared by Funides:
Studies have been done at the international level that have found no relationship between years of education and economic growth, which has led to the discussion turning from schooling to the quality of education as a key element for economic growth.
In Panama four out of ten companies failed to find the ideal candidates when they needed them.
Data from Manpower reveals that worldwide the talent shortage is around 40%, in Colombia it is 50% and in Panama 36%.Monica Flores, president of the group for the region, said that"...
The private sector claims that it is not enough to invest $10 million in the construction of a technical school if the academic programs are not developed considering the staffing needs of the productive sectors.
The problem of a shortage of technically skilled labor in Panamanian companies will not be resolved if educational programs do not take as a starting point the demands of the productive sector.
Companies are struggling to find employees with skills in information technology, programming and networking, electricity, processing and assembly of medical parts.
The Talent Shortage study (2014) by Manpower notes that "... 51% of the 620 Costa Rican employers surveyed said they can not find suitable professionals to perform the tasks required by their company." The main cause, according to the contractors, is lack of technical skills.
Projections are that for the five year period between 2015-2020 there will be a shortfall of 70,000 workers in the sectors of construction, logistics, tourism and agriculture.
According to the National Competitiveness Center, in the specified period there will be a shortage of workers especially in the logistics sector, where they will need at least 35,000 technicians, ie 49.5%, while in the construction area demand will be for around 28,000 people, representing 40.3%. In the case of the tourism sector it is estimated that it will require approximately 4,113 technicians, ie 5.7% and in agriculture about 3,203, the remaining 4.5%.
There has been a rise in the number of firms reporting difficulties in recruiting qualified staff, especially technicians, engineers and sales managers.
In one year the number of companies who said they found it difficult to fill vacancies grew by 11%, according to figures from a survey carried out by the human resources firm Manpower, which states that "...
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.
Panamanians are not interested in technical careers but rather social ones, as reflected by the short supply of professionals to meet the needs of the industry.
This issue was discussed during the forum 'maritime sector and the impact of human resources in its development ", organized by the International Maritime University of Panama (UMIP by its initials in Spanish).
Facing a lack of specialized technicians, representatives from private companies are motivating students to train in technical careers and foster the development of new specialties.
Given the need for technical personnel in the province of Alajuela, businesses from the free zone area El Coyol, held a meeting with senior students encouraging them to train in the technical specialties necessary for the productive sector.