Labor Challenges Amid Fierce Competition: The Week in TalentWed, 04/13/2022 - 14:04
This week, the US Deputy Secretary of Labor met with the main actors behind San Luis Potosi’s Labor Reform. Business social network LinkedIn released its annual ranking of the best companies to work in Mexico, which aims to inform job seekers of the best opportunities. The recent technology and digitalization boom has created a fierce competition for talent, leading companies to look outside their countries for qualified employees. Finally, Adecco México’s Francisco Martínez Domene explains the importance of leadership training for new generations.
Here is the week in talent!
US Deputy Secretary of Labor Julie Su visited San Luis Potosi to meet with the main actors behind the state’s Labor Reform, which follows complaints by US President Joe Biden’s administration pertaining to the rights of workers at auto parts factories in Mexico. Labor rights were the reason behind the first dispute among USMCA’s members after US players accused plants in Mexico of denying workers their labor rights.
LinkedIn named Ford and Stellantis as two of the 25 best employers in Mexico, claiming that both automakers invest in their employees and provide career growth opportunities. The ranking aims to inform potential employees which companies offer the best opportunities. Growth capability, development of abilities, company’s stability, external opportunities, enterprise affinity, gender diversity and education level were the variables evaluated to determine the ranking positions.
The Gen Z generation is often characterized as leaders and digital natives who, faced with a crisis at the start of their working lives, have quickly adapted to the new professional world, wrote Francisco Martínez Domene, CEO, Adecco México. As the world moves to put the COVID-19 pandemic behind, the world cannot forget that “the future is uncertain and unpredictable.”
“We must not forget that the digitization of processes and the general impact of the Internet of Things in the professional world will generate constant changes and at a greater speed than what we have been used to,” said Martínez.
The technology and digitalization boom has created a fierce competition for talent, driving up salaries and costs. However, not all companies have been able to find local talent to meet their needs and they are turning to third party services to address their hiring needs. “Across the US, there are 1.9 million open engineering jobs with companies often competing for the same talent and relying on outdated recruitment processes,” said Jacqueline Samira, Founder and CEO, Austin Software.