Despite Uncertainty, Mexico Continues to Create Jobs

The Mexican Institute of Social Security (IMSS) reported the addition of approximately 111,000 new formal jobs in January 2023. Meanwhile, industry leaders consider incentives to bring businesses and people into the formal economy, explore mindful leadership and analyze women’s investment participation. 

In international news, talent-hungry Canada may turn to Mexico to poach STEM talent. 

This week in Talent news and developments: 

Mexico

Despite Uncertainty, Mexico Continues to Create Jobs 

Mexico’s economy added 111,699 new formal employment opportunities in January 2023, which is the greatest monthly contribution to the labor economy in the last 16 years, according to IMSS. The addition comes on the heels of snowballing anxiety that the labor economy would shrink in response to a teetering economic outlook. 

Industry Trends 

This Is How We Lost the Battle Against Informality, Again

Strategies to incorporate small businesses into the formal sector have resoundingly failed because the measures drafted have sought control without offering any observable advantages. However, to successfully reactivate Mexico’s economy, drafting incentives and adopting technology to easily integrate both businesses and people into the formal economy becomes paramount, writes Alejandro Villalobos, LATAM Managing Director, Cumplo Mexico. 

Mindfulness Leadership

“Mindfulness leadership gives you the opportunity to respond consciously and intentionally, rather than to react in explosive and dysfunctional ways,” writes Cesar Augusto Marron, General Director, Cardinal Health. “For leaders, this means you can tackle difficult conversations more easily, handle criticism and harsh comments without flying completely off the handle.”

Breaking Barriers: Empowering Women to Invest

Women face a complex panorama when it comes to investing and supporting economic growth, explains Alicia Arias, Director of Advisor Acquisition, Grupo Bursátil Mexicano (GBM). While there are numerous benefits in incorporating women into the Mexican economy, the country faces several challenges to increase their participation. While about 50% of the world's population is female, they participate with only 38% of the human capital wealth, according to the Mexican Institute for Competitiveness (IMCO).

International 

Canada's Turns to Mexico to Poach Tech Talent 

Mexico's emerging technology hub and proximity to the US, has allowed the latter country to attract and successfully retain STEM talent through its remote work visa program. The success of this program has caught the attention of talent-hungry Canada, which employed a successful campaign to siphon talent looking to avoid the US complex and unpredictable immigration system.