Labor Market Will Continue to Be Defined by Scarcity

Mexico’s professional wages continue to climb as companies struggle to source talent. Schools in Texas, US, are turning to Mexican talent to fill professional roles after failing to find domestic employees. Of 11 identified labor market trends for 2022, labor scarcity will continue to afflict companies for months into the new year.

In international news, UK’s Ambassador Jon Benjamin highlighted the country’s scholarship program and its ability to nurture Mexican talent.

Here is your weekly Talent briefing:

Mexico

INEGI: Wages Rise in Services Sector, As Employment Falls

The National Institute of Statistics and Geography (INEGI) reports that wages in the non-financial private services sector registered a monthly increase, after eight months of continued decline in employment.

Texas School District Turns to Mexico for Teaching Talent

Texas’ Fort Worth Independent School District is looking for talent abroad, specifically certified bilingual teachers for the 2022-2023 school year.

Industry Trends

Eleven Trends That Will Set the Pace of Labor Market in 2022

From the shortage of talent for specialized roles to the reinforcement of flexible work schemes, the topics on the agenda will be varied.

Payroll Data Holds Potential for Financial Inclusion

Financial institutions need information to serve the population but that information is severely lacking in Latin America, writes José Carlos Aguilar.

“[F]inancial institutions cannot serve the majority of the working population. This is one of the reasons countries like Mexico encounter poor credit penetration, with only 20 percent of the population having access to formal credit,” said Augilar.

Nine Reasons Why Fintech Is So Hot in Mexico

The fintech industry is booming in Mexico. Revolut’s Juan Miguel Guerra outlines nine reasons behind the sector’s surge.

“The influx of investment and the disruption in the market has made fintech the top choice for talented professionals looking to transform an industry and improve the lives of millions,” said Guerra.

International

Bilateral Efforts Strengthen Health, Sustainability, Development

Through its embassy, the UK is sharing its strengths with Mexico to foment the overall development of both countries, says Ambassador Jon Benjamin.

“Since 1983, [The Chevening Scholarship Program] has helped Mexican talent become future leaders, influencers and decision-makers by undertaking a yearlong master's at British universities,” said Benjamin.