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.
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.
Although by the fourth quarter of 2019, 13% of companies are expected to increase their payrolls, the proportion that anticipates a decrease went up to 11%.
13% of employers expect an increase in their workforce, 11% anticipate a decrease and 74% remain unchanged, resulting in a Net Employment Trend of +2%, explains the ManPower report.
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.
In Costa Rica, businessmen expect job creation to stagnate this year, as only a thousand new jobs are expected to be created, resulting in a year-on-year increase of just 0.7%.
The forecasts of the Chamber of Industries of Costa Rica (ICRC) for this one are the result of the study that the sector carries out every year, which concludes that in the most positive scenario, the performance of production, employment and investment, would be similar to that of 2018.
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.
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%.
For the first quarter of 2019, 12% of companies in Costa Rica expect to increase their payrolls, a figure that exceeds the 10% reported for the fourth quarter of 2018.
ManpowerGroup reported that Costa Rican employers report moderate hiring plans for the following quarter. The 12% of employers expect an increase in their workforce, 6% expect a decrease and 76% remain unchanged, resulting in a Net Employment Trend of +6%.
Excessive regulation, increased tax charges and geopolitical uncertainty are the main risks to business growth in the region for Central American CEOs.
PricewaterhouseCoopers (PwC) conducted the Global CEO Survey in the Central American region, in which a group of business executives from Central American countries and the Dominican Republic shared their opinions about their economic expectations.
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%
Costa Rican employers report favorable hiring plans for the third quarter of 2018. 13% of employers expect to increase staffing levels, 4% anticipate a decrease, 82% forecast no change and 1% don’t know.
The high cost of energy and the fiscal deficit are two of the problems that worry companies in Costa Rica, who also face an uncertain political scenario, a few weeks to go before a second round of elections.
With a month and a half to go before a second round of elections, Costa Rican businessmen highlighted a difficult year in terms of job creation and attraction of new investments.
For the first quarter of 2018, 24% of companies in Costa Rica expect to increase their payrolls, 71% do not foresee changes and 4% anticipate a reduction.
Projections for sectors such as retail, real estate and franchising anticipate a better year for entrepreneurs, provided that new taxes are not approved.
The moderate expectations of entrepreneurs in Costa Rica in recent years took a positive spin at the beginning of 2016. However, the semblance of confidence is fragile, depending on the response of the government, particularly on fiscal issues, said Francisco Llobet, President of the Chamber of Commerce of Costa Rica to Elfinancierocr.com , when referring to the creation of new taxes.
The Ministry of Public Works is aiming for the state run power company and not a construction company to be the entity that builds a 5 kilometer road tunnel arguing that the advantage is that "we would not have to tender it".
In order to expedite the long timeframes for navigating the tortuous paths to government procurements by tender, the Solis administration intends to proceed under the 'exceptional' criteria set out in the Government Procurement Act, and take advantage of the "tunnellers" at the Instituto Costarricense Electricity (ICE), which will be left idle once construction of the Reventazon hydroelectric dam is completed. The government is considering contracting the state company directly, without declaring a tender in which private construction companies could also put forward offers and be considered for the work. According to the chief of the department, the work consists of building a tunnel connecting Hacienda Vieja de Curridabat with the roundabout of social guarantees in Las Garantías Sociales Zapote (5 kilometers).
Business confidence is still falling with complaints being made about the absence of an agenda which aims to improve the business climate in the country.
From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):
Business confidence falls at the end of the year
• 6 out of 10 companies have faced significant increases in production costs over the last year.
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