For prospective investors seeking to establish a manufacturing base in Honduras, three factors related to human resources play a key role in their decision:
Each year, Honduran universities graduate students in a variety of disciplines. Given a constant population growth and an even steeper growth in graduation rates, the overall number of young professionals will continue to increase. On the other hand, the unofficial unemployment rate in Honduras hovers around 38%, due to the fact that many of these young graduates are not finding enough work within their field.
Competitive Labor Costs
Honduras may very well be the best place to find a workforce that has both bilingual and manufacturing skills in the entire Central American region, especially in terms of availability and quality of work. Honduras also has one of the lowest labor costs in the region.
Macroeconomic indicators are favorable for Honduran workers. With the service andmanufacturing sectors representing over 50% of the economic output of Honduras, the Honduran people are clearly oriented toward a manufacturing and service economy.
The Honduran workforce has a solidly established reputation as dedicated, adaptable, hardworking and productive.
The Honduran people are also avid users of technology. Mobile and Internet penetration is greater per inhabitant in Honduras than in other Central American countries.
In addition, because Honduras has the highest number of bilingual schools in Central America (over 700 schools), it has a proportionately large population of truly bilingual workers. This makes our nation particularly attractive to global markets.
Honduras is an appealing environment for industry and a source of qualified, efficient and productive labor especially for those investors looking to relocate their operations overseas.
We are proving yet again that we have the talent, the education, and the innovation power to produce among the best products and services in the world.
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