Andina

Mercer consulting firm projects Peru’s GDP growth at 4.5% this year

Centro Financiero, Lima.Foto: ANDINA/Carlos Lezama

Centro Financiero, Lima.Foto: ANDINA/Carlos Lezama

09:47 | Lima, Jan. 17.

The Peruvian economy is forecast to expand 4.5%, at rates above the regional average, underpinned by infrastructure and generating a dynamic effect on employment, Mercer CEO for Peru Gabriel Regalado affirmed.

He said a positive foreign investment rate and a controlled inflation regime of about 3% is expected for this year, favoring the purchasing power.

However, Regalado said there are a few issues and challenges regarding the Human Resources management, like the need of a value proposition to employees that attracts and retains talented people required for the country’s growth era.

Likewise, he proposes transformational changes in Human Resources processes that imply greater closeness to the business and contribute to growth.

In addition, Regalado stressed the need to review compensation and benefit plans, and make sure they actually align with the company’s expectations and talent needs.

The expert also suggested an assessment of structures and current leaders, and their correlation with the expected growth/profitability, as well as the management of generations and multiculturalism in an environment that becomes more and more diverse.

“Peru represents an increasingly important market not only for Latin America, but for all growing economies worldwide,” he stated.

(END) CAN/RMB/MVB

Published: 1/17/2017