In August 2015, the Institute of Social and Technical Cooperation, Inc. (INCOTESI) published a study on the demand for human resources in the Dominican Republic. The sample consisted of 383 companies (4.8% of total nationally registered companies by the Integrated Labor Registry – SIRLA), located in the main provinces, representing the regions North, South, East and Capital.
The study focuses on the current domestic demand for human resources and its technical profiles in the base and middle levels of the occupational pyramid, specifically in formal enterprises engaged in production of goods and services, i.e., identifying what desired new staff hiring profiles companies are looking for.
Main results of the research are the following:
- According to the Central Bank of the Dominican Republic, during the period from January to September 2014, the Dominican economy experienced a growth of 8.1%, as measured by the real change of Gross Domestic Product (GDP) (reference year 2007).
- In contribution to real added value, the following areas of activity are to be highlighted: Construction (15.3%), Trade (10.5%), Finance (8.7%), Transportation and Storage (6.2%), Education (9.6%), Agriculture (5.8%), Local Manufacturing (5.4%) and Hotels and Restaurants (5.0%). These activities account for 76.4% of 2014 GDP.
- In 2014 there were 4.2 million people employed in the three major sectors of the Dominican economy (Industrial, Agricultural and Service).
- The largest contributors to overall employment over the last five years are the following subgroups within the three major sectors of the economy: Agriculture, Trade in Wholesale and Retail, and Hotels, Bars and Restaurants. New jobs created were 18, 17, 11, and 11 thousand jobs per year, respectively.
- The economically active or "with a job" population is 4.9 million people. This represents 57.3% of the working age population (between 15 and 65 years). That is, 57.3% of people that can work have a job.
- A total of 25% of the employed population is young, between the ages of 15 and 20 years. Each year, about 160,000 new people enter the workforce, mostly young people.
- Close to 75% of the employed population did not reach college. Nonetheless, the percentage of unemployed people with the same level of study (below university) is much greater.
- 75% of surveyed companies expect their operations to grow in subsequent years, and 95% of them say they currently have vacancies available.
For more information, reference the physical study by the same name, written by Oscar Amargós (Coordinator), Douglas Hasbún and Julio Pérez Ogando, INCOTESI.
Together with Entrena, other institutions that facilitated the study were: United States Agency for International Development (USAID), Foundation INICIA, Entrepreneurship for Technical Education (IEET), EDUCA, NEO, Inter-American Development Bank (BID), and the Multilateral Investment Fund (OMIN).