Saturday 20 April 2024

Improvement in Recruitment Expectations

13% of companies are expected to increase their payrolls, the proportion that anticipates a decrease went up to 11%.

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20 April 2024 - At The Banks - Source: BCCR

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Although by the fourth quarter of 2019, 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.

The document states that “… Employers in four of the six regions expect increases in their workforces during the next quarter. Heredia employers report the strongest hiring plans with a Net Employment Trend of +10%.

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“For the next quarter, employers in three of the six industrial sectors expect increases in their workforces. Hiring opportunities are anticipated in the Trade and Services sectors with Net Employment Trends of +8%, while Manufacturing employers expect a moderate hiring pace reporting a +4% Trend.

“However, employers in three sectors expect to reduce their workforces. The weakest labor market is expected in Agriculture, Fishing, Mining & Extraction with a -7% trend, while Trends of -3% and -2% are reported in the Communications & Transportation and Construction sectors, respectively.

“Participating employers are classified according to four organizational sizes: Microenterprises have fewer than 10 employees; Small Businesses have 10 to 49 employees; Medium Businesses have between 50 and 249 employees; and Large Businesses have 250 or more employees.”

See full report (in Spanish).

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