Service Fee
15%
Percentage of the candidate's annual gross salary
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Service Fee
15%
Percentage of the candidate's annual gross salary
Country Snapshot
Currency
PAB
Timezone
UTC-5
Minimum Wage
3.13 PAB/Hour
Payroll Frequency
Monthly
Employment Type
Full-time
Panama is a regional logistics and financial hub in Central America.
General Information
CapitalPanama City
Population4,571,189
TimezoneUTC-5
Official LanguageSpanish
Employment Laws
Working Hours48h / week
Minimum Wage3.13 PAB/Hour
Probation PeriodUp to 3 months
Notice Period15–30 days
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Leave Entitlements
Annual Leave30 days
Public Holidays12 days
Sick LeavePaid
Maternity Leave14 weeks
Paternity Leave3 days
Social Security
Employer Rate12%
Employee Rate9%
CSS (Social Security Fund)
Additional Information
Panama provides a service-oriented and internationally exposed talent market. English proficiency is moderate to high in professional roles. Recruitment is strongest in logistics and finance. Talent availability is moderate. Hiring timelines are predictable.
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