Employees, Company Priorities Have Changed in 2023

Professional development and work flexibility are no longer priorities when looking for new jobs. Meanwhile, Mexico is one of the countries with the most employees with work stress. Even though women continue to struggle to establish themselves in the labor market, their participation grew in 2022.

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New Priorities in the Labor Market

Inflation has caused employees' priorities to change drastically over the past year. Salary is now the top priority in the job search, while personal development and job flexibility were previously more important. Meanwhile, on the recruiters' side, the top priority is to find in your candidates a good work experience, followed by skills.

More Free Workspaces Are Needed

Seven out of 10 Mexicans suffer from work-related stress, surpassing other countries such as China and the US, informed the Mexican Social Security Institute (IMSS). The main factors that lead to stress are work overload, excessive working hours and ineffective leadership. As a result of this problem, experts suggested implementing more wellness programs focused on mental health to alleviate stress and promote participation and productivity in the workplace.

Women's Participation in the Labor Market Increased

Women in Mexico continue to confront difficulties entering and progressing in the labor sector. However, the National Occupation and Employment Survey (ENOE) reported that women participation surpassed pre-pandemic levels in 2022, reaching the highest level since 2005.

Buk Raises US$35 Million, Looks to Strengthen Regional Presence

Buk, a Chilean human resources startup, announced it has raised US$35 million in a venture capital funding round. The funds will be used to expand the company's presence in Brazil, to accelerate its growth in Mexico and to consolidate its position in Chile, Peru and Colombia. Since entering the Mexican market in May 2022, Buk has successfully disrupted a crowded market with its “comprehensive,” standalone HR solution.

Trends and Opportunities for a New Normality

Investing in people, in their growth and their education is always the best strategy to keep a company alive, said Miguel Barbeyto, President, Mazda. “In a culture where digitization is everything, it is important to remind our teams of the importance of being, of being there for others and working in tandem, head-on. (...) It is important to remember that we must create ways to keep teams united and empathic with each other. The reality is that the only ones who can do this are us, as leaders.”