Human Capital

Watch your business grow with highly productive and skilled workforce at an affordable price.

In terms of production, each worker in Panama is:

44% more productive

than the average worker in Costa Rica

2 to 6 times + productive

than the worker in any other Central American country

47% to 85% cheaper

Panama is highly competitive in costs compared to the main countries in the world



Download: Human Resources

TECHNICAL SUPERIOR SPECIALIZED INSTITUTE (ITSE)

It is a new academic center whose goal is to increase the Panamanian labor offering to support foreign investment.

Students will be trained on ethical values and productive skills stimulated in its creativity.

The ITSE will offer technical higher and vocational education based on international best practices.

5,000

new professionals trained at ITSE will enter the market every year

STUDY METHODOLOGY*

70% practice
30% theory

*Based on Singapore’s best practice model

New careers that will be offered:

Logistics Operations

Touristic Services

Bilingual Executive Assistant

Aerospace Technology

Technician in Materials Laboratory

Air Conditioners and Cooling Systems

Automotive and Heavy and Light Equipment Mechanics

Automation and Industrial Maintenance

Mechanics (Computers and Networks)

Networks and Systems Administration

Panamá Bilingüe is an innovative study program that places emphasis on English as a second language and affirms Panama’s regional leadership regarding bilingualism.

Its goal is to increase the number of bilingual students, preparing them for the demands of the future labor market.

Benefits for investors:

  • More skilled resource, especially a provision of technical and logistic sectors.
  • New opportunities in the tourism sector with bilingual staff.

CURRENTLY, APPROXIMATELY

15%* de toda la fuerza laboral es bilingüe (español - inglés).

*Panamá se propone aumentar esta cifra significativamente.

GOAL 2019:

25,000

trained teachers

250,000

qualified students

Supporting foreign investment with skilled human resources

The National Institute of Professional Training and Training for Human Development, INADEH, is the ruling body of the Panamanian state regarding professional, labor and business management training.

Its objective is to increase the productivity of the Panamanian human resource and it does this by making a wide range of educational options available to students, focused on a modern methodology, guided toward efficiency in occupations required by the labor market and highly relevant to the national development process.

Through its academic offerings, INADEH promotes a national culture of training for life and work, built on moral-ethic values.

43.000+

people enrolled

2100+

courses offered in 2017

INADEH offers the following study modes:

Career Programs

  • Training aimed at developing competencies (abilities, skills and attitudes) required in a job or occupation.
  • Duration: from 304 to 2000 hours.

Courses

  • Training actions targeting a specific topic or area.
  • Duration: from 40 to 300 hours.

Seminars/Workshops

  • Specialized training action of technical or academic origin.
  • Duration: from 8 to 40 hours.

URBAN MOBILITY

Panama is at the forefront in this important aspect, facilitating workforce to move to their work points.

The Panama Metro

Panama has the first Metro in Central America. Inaugurated in 2015, the Panama Metro is an efficient mass-transit system, safe and fast, that transports more than 250,000 persons per day in the capital.

The Line 2 of the Metro is currently under construction. Additionally, the foundations have been laid to build the Line 3, which will connect the center of Panama City with the more than 500,000 habitants of the Panama West area.

The Panama Metro is a world class construction project; the largest after the Panama Canal. The master plan to 2040 contemplates 8 interconnected service lines that will transport more than 1 million passengers daily, satisfying 50% of the transportation demand in the metropolitan area.

Special Investment Regimes

SUCCESS CASES

“There are three key reasons behind Monjasa’s investment in Panama. The high level of safety, both financial and personal, provided by the country compared to other Latin American countries is a significant factor. Easy access to a foreign labor force, which is crucial to our business in Panama, together with Panama’s strategic geographic location, constitute other factors behind our investment decision”

Rasmus Jacobsen, General Director
Monjasa Americas

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