In China three payments a year are required, in Chile the figure can be up to six, and in Panama up to 60 payments are required in the same period.
According to an article in Laestrella.com.pa, "Panama should continue efforts to reduce the administrative complexity in the payment of taxes, recommended the global consultancy Price Waterhouse Coopers (PWC) and the World Bank (WB) on Monday."
Simply paying more is not enough, instead specific needs of each worker should be addressed, such as flexible schedules, teleworking and services such as child care and fitness.
Participating in the Forum on Human Resources by Capital Financiero entitled "Keys to Success in Retaining Talent," were Juan Planells, former director of the National Institute of Vocational Training for Human Development (Inadeh); Alberto Saenz, director of PwC Consulting, and human resource manager of the Panama Canal Authority (ACP), Procter & Gamble and Dell, Jose Rivera, and David Cabrera Enrique Salgado, respectively, who addressed this issue.
Two institutions are complaining about funds that were recovered through the Trust for Excluded Assets of Banco del Café S.A..
The custodian of the assets of Bancafe International Bank (BIB, off shore financial branch of Bancafé), Pricewaterhouse Coopers EC Inc. (PWC) is calling for funds to be distributed among investors.
Meanwhile the Bank of Guatemala (Banguat) denied such request, claiming that these assets belong to the Fund for the Protection of the Depositor (FOPA) who gave $203 million in order to provide liquidity to the financial system after the closure of the bank.
According to a Price-Waterhouse Coopers survey for the second half of 2011, yearly executive salaries will grow by 8.7%.
According to the survey, Salary Information Enterprise System (SEIS), conducted among a group of 102 companies, 54 national and 48 multinational operating in the country, wage increases will be 8.9% for domestic companies and 8.3% for multinationals.
The shortage of skilled labor has led Panamanian companies to get creative when recruiting staff.
Companies with a need for skilled labor have reached agreements with other companies to share staff, provided incentives to employees to recommend others for vacant positions and have even retain staffed who have officially retired.
An article in Prensa.com reports that this is "’..
Good executives are scarce in Panama, so much so that national firms are imitating the classic payment compensation methods of multinationals.
Panamanian executive’s pay has risen by 8.3%, while those in middle management went up by 7.3%, according to a salary survey conducted annually by KPMG.
An article by Minerva Bethancourth in Prensa.com quoted Ailín Castrellón, a KPMG senior staff member, who said that "Domestic companies are catching up in their compensation packages for high profile staff in the face of the constant arrival of multinationals."
Commerce between Panama and China summed $11,9 billion in 2010.
In a recent study, PriceWaterhouseCoopers (PWC) affirmed that China's ascendance in global trade is making it approach Latin American economies, which suffered relatively minor damage from the international crisis.
PWC's projections could have major impact in Panama, specially considering that China is the second largest user of the Panama Canal, after the U.S., as well as the most important supplier of goods re-exported from the Colon Free Zone.
According to a PricewaterhouseCoopers survey, from January to October 2010 the average annual compensation increased 8.1%.
Of the 501 companies surveyed, 65% granted salary increases to their executives.
The largest increases were in small businesses (10.1% average), followed by large and medium with 7.6%.
Guillermo Muñoz, from PricewaterhouseCoopers, told Elperiodico.com.gt, "the survey was a good indicator that executive salaries were not affected by the economic crisis."
More professionals and technicians are needed to meet demand for specialists with the opening of the country's mobile telephony sector.
The shortage was envisaged by specialists consulted by El Financiero. They believe that the current supply of cell phone market professionals and technical experts will not be sufficient to cover the demand created by the market opening, both in terms of the number of specialists, years of experience and their level of expertise.
Companies should be constantly alert to feedback from consumers, since their preferences and needs can change at any time.
There are three keys to current, but ever changing, consumer behvior:
1. Continuing growth in the importance of mobile devices. "Consumers are demanding ever more ability to be everywhere at once, with multiple interacting devices providing ever more convenience".
Salaries in the labor market have increased 5.92% relative to 2009.
The preliminary findings of a survey into Panamanian salaries carried out by Price Waterhouse Coopers indicates that the increase relative to 2008 is 14.3%.
Multinational companies recorded the largest increase relative to last year with a rise of 9.6%.
"In addition to salary increases a new market has developed for specialist salary analysis, giving rise to new job opportunities," writes Prensa.com.
A survey conducted by Pricewaterhouse Coopers indicated that 59% of surveyed companies do not plan to raise salaries.
Of the 150 companies surveyed, 41% are planning to make wage increases by an average of 8.6%.
Laprensalibre.com website published the results of the survey of 150 companies in Guatemala. The consultant Pricewaterhouse Coopers conducted its six-month review of the Business Labor Information System.
It is no longer just advertising. Marketing managers must operate in an integrated manner and demonstrate return on investment for every dollar they spend.
Many examples are showing that one of the first budgets to be trimmed in these times of crisis, is marketing. Against this backdrop, the emphasis is on continue communicating with clients and not abandoning efforts in this area.
In Guatemala, employment is decreasing while the number of job seekers is increasing.
La Prensa Libre of Guatemala published recent data on the labor market in an article.
According to the consultancy firm Manpower, hiring for the second quarter is expected to be -1, meaning that more jobs will be lost than those that are created, and job requests have increased between 45% and 50% when compared to the same period in 2008.
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