Labor Poverty Drums Up Wage Increase ProposalBy Cinthya Alaniz Salazar | Thu, 08/25/2022 - 09:00
Rising inflation has contributed to a significant loss of purchasing power for Mexican laborers. Despite showing signs of slowing down, the National Minimum Wage Commission (CONASAMI) is pushing for wage increases to match inflation. Furthermore, with a looming recession on the horizon, the National Council for the Evaluation of Social Development Policy (CONEVAL) highlights a need for increased protections for workers.
Meanwhile, industry leaders reflect on the collision between work and technology, the work modalities that it has given rise to and the necessary leadership skills to lead in them.
This week in Talent news and developments:
CONASAMI seeks to increase the minimum wage by 50 percent due to strong inflation. Wages are insufficient for Mexicans to keep their same living standards, said the commission.
CONEVAL reported that over 49.2 million people in Mexico, equivalent to 38.3 percent of its working population, receive an income below what is necessary to acquire a basic food basket.
CONEVAL also highlighted the need to improve and increase the mechanisms that help protect the rights of workers and promote the transition to the formal job market through the Federation Expenditure Budget (PEF) 2023.
Women carry out 73.3 percent of Mexico’s unpaid household and care work, according to the National Institute of Statistics and Geography (INEGI). The National Women’s Institute (INMUJERES) proposes a care system that could diminish the gap in employability between men and women by at least 4 percent.
Views From the Top
Companies need to adopt the right technologies to empower today’s workforce, explained Gabriel Aparicio, Country Manager, Kelly Services. “Work and technology are colliding in unprecedented ways, resulting in significant new market trends. As an industry and as an organization, we are in uncharted waters. The way work gets done is changing rapidly, as is the way in which talent is brought into an organization," said Aparicio.
New challenges are forcing companies to adapt rapidly, making them look for flexible professionals to lead these transitions. “New variables have forced us to build a hybrid environment, so potential candidates must show leadership and proactivity during remote shifts,” said Ignacio Pérez, Partner-In-Charge, Heidrick & Struggles.
“Latin American companies are working daily on digital initiatives to transform and become relevant players in a digital age that is rapidly evolving, highly ambiguous and competitive. To succeed and overcome in this highly competitive environment it is imperative, but probably not sufficient,” wrote Carlos Lau, CEO and Co-Founder, Kurios.