Monday 25 September 2023

43% of employers in Costa Rica planning to hire in the coming months

Expectations are strongest in Alajuela, Heredia and Guanacaste.

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Q COSTA RICA – In the latest edition of the ManpowerGroup Costa Rica Employment Expectations Survey, more than 1,000 employers nationwide reported higher hiring intentions than the previous quarter.

Employers expect to hire more workers in the third quarter of 2023, reporting an Adjusted Net Employment Outlook of 43%.

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Hiring intentions in Costa Rican companies remain stable. Compared to last year, employment expectations have increased by 18%. Costa Rica is in first place in the global top ranking for its hiring prospects, remaining 15 points above the global average.

“At ManpowerGroup, a global leader in human talent solutions and an expert in the entire labor cycle, we see positive that hiring intentions are maintained in the case of Costa Rica. However, we cannot ignore the fact that there is a significant challenge in terms of the shortage of talent,” said José Valerio, ManpowerGroup Regional Legal Manager.

The most competitive sector in Costa Rica is Communication Services, with a hiring expectation of 60% for this third quarter of the year. The expectations of this sector increased by 18% compared to the previous quarter.

On the other hand, the survey showed that large companies (with +250 employees) have the best expectations with 45%. Regarding the provinces, the most active labor markets are expected in Alajuela, Heredia and Guanacaste.

“The LATAM region leads global hiring expectations, particularly Costa Rica (43%), Peru (38%) and Guatemala (35%), only Argentina is less optimistic (6%), but its results continue to be positive,” said Mónica Flores Barragán, president of ManpowerGroup LATAM.

Shortage of talent: the challenge. In the LATAM region, the talent shortage is 77%, which means that 7 out of 10 employers have difficulties finding the talent they need.

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In the country, that percentage dropped to 71%. The positions most sought after by employers in Costa Rica are: sales and marketing, reception and customer service, engineering, IT positions and data analysis, as well as operations and logistics.

“As all aspects of life become more technological, human strengths stand out in the digital age. The 5 most demanded soft skills in Costa Rica are: reliability and self-discipline, initiative taking, resilience and adaptability, creativity and originality, and leadership and social influence.” said Mónica Flores Barragán, President of ManpowerGroup LATAM.

When faced with talent shortages, training and updating are critical tools for maintaining and adapting talent that is ready for the future of work.

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