Nine in 10 companies not planning layoffs, survey finds

QCOSTARICA – Nine out of ten companies do not plan to lay off in the rest of the year, according to the latest “Pulso Empresarial” (Business Pulse) 2022 survey, carried out by the Unión Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado (UCCAEP) – Costa Rican Chambers and Associations of the Private Business Sector.

The survey shows that the perception and confidence of businessmen remain optimistic. The main demand for reactivating the economy in the short term, according to businessmen, is to increase productive credit options as a measure to stimulate the reactivation of job creation.

– Advertising –

Other measures that businessmen consider as priorities to revive economic activity are the reduction of interest rates, the simplification of procedures, the flexibility of working hours and the temporary exemption from social charges for micro and small businesses.

As relevant data in terms of the labor market, there is the fact that 42% of those interviewed say that the professional category which is most difficult for them to obtain is that of “technicians”.

Almost half (45%) of respondents indicated that they need at least a bachelor’s degree in secondary education as a prerequisite to work in the companies they represent. This figure is up from 36% in 2017, showing a significant change in the Costa Rican labor market

Read more: Amazon Costa Rica offers 3,000 bilingual positions

“It is important to point out that the confidence index calculated by the survey remains above the level of 5, this shows that businessmen expect a better third quarter in 2022 compared to 2021.

“In terms of employment, as we have said in the past, the survey shows significant changes in the labor market. The human talent that companies need today is of a higher level of qualification, which is why it is essential to advance reforms and educational programs that encourage the study of STEM careers”, assured José Álvaro Jenkins , President of UCCAEP.

– Advertising –

In terms of work, it was pointed out that 91% of the employers consulted do not foresee any layoffs in the rest of the year, while 18% of companies plan to hire in the coming months.

The survey was conducted among 386 business owners, between July 26 and August 12. It has a confidence level of 95% and a statistical margin of error of 5.6%.

– Advertising –

About Matthew Berkey

Check Also

3Pillar Global acquires Canadian software company Jonah Group

Innovative Product Development Partner Expands North American Engineering Presence and Expertise by Onboarding Over 160 …