Change Comes to Mexico's Labor Sector: The Week in TalentBy Andrea Villar | Thu, 09/30/2021 - 13:50
This week, data revealed that employment in Mexico slipped in August due to the third wave of COVID-19 and supply chain disruptions. Meanwhile, companies in the country are still adapting to the outsourcing law reform, which is expected to bring challenges till next year.
Female participation in the labor market is still far behind that of men, a study by the Mexican Institute for Competitiveness (IMCO) revealed this week. In a similar line, CEO and Co-Founder of Hitch wrote this week about bridging salary gaps in companies, especially startups.
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- A study by IMCO found that one third of the companies listed on the Mexican stock market have no women in management positions. Of the 157 public companies, 51 have no women on their boards of directors and only four firms have a female CEO. Most working women are employed by the industrial sector (36 percent), followed by the materials and financial services sector (18 percent).
- Transparency is key to achieving gender equality, explained Gabriela Ceballos, CEO and Co-Founder of Hitch, in an article for MBN. She addressed why companies should be fair and transparent with all employees to close salary gaps, which can be tricky for startups because “it is quite hard to define salary ranges or bands because you are still not a recognized brand employer. You just go with the flow and negotiate salaries using an almost improvised strategy.” However, this practice can result in discrimination. Get the full picture here.
- Can English proficiency tip the employability scale for millions of young people who lost their jobs during the COVID-19 pandemic? In this article, Santiago Gutiérrez, Vice President of Sales for Mexico and Central America at Pearson, shares his thoughts on why English language proficiency stands as one of the most important and in-demand skills nowadays. “Improving the quality of English that children and teenagers learn is urgent if we want to open up better opportunities for them to insert themselves into better-paid jobs linked to the most dynamic sectors of the economy.” Read the full article here.
- The labor market in Mexico suffered a decline in August. According to INEGI, the employed population fell by 740,707 people during August, its first drop after a six-month run of gains. The labor force participation rate for men stood at 76.4 percent while for women it was 44.2 percent.
- What has happened a month after the outsourcing law reform was enacted? Francisco Martínez, CEO of Adecco Mexico, wrote this week in Mexico Business on the changes this reform has brought companies in the country and their employees. Companies are still adapting, he explained, and the coming year will continue to be challenging for all players in the market. Read his full analysis here.
- Ninety-nine doses of the CanSino vaccine have been applied to 23 women and 76 men who migrated to Mexico from Cuba, Honduras, El Salvador, Venezuela, Guatemala and Haiti, as the National Migration Institute (INM) started a COVID-19 vaccination campaign in the XXI Century Migratory Station in Chiapas. The purpose for every person working at INM facilities in Chiapas to receive the COVID-19 vaccine as well. In the meantime, the security and cleaning staff working at these facilities also received the one-dose CanSino inoculation. Read the complete article here.