Mexico Reduces Unemployment, Attracts New HR Players

Mexico’s national employment rates contracted to 3% during 4Q22 as key industries see greater economic stabilization. Sesame HR, human resources management software company, announces the start of its international expansion from Mexico to Latin America.

Meanwhile, we consider the potential role ChatGPT could play in supporting businesses on a day-to-day basis and industry leaders consider the limitations of people analytics and what qualifies as digital talent.

This is week in talent news and developments:

Mexico

Mexico’s Unemployment Rate Contracts in 4Q22

Mexico’s unemployment rate shrank during the fourth quarter of 2022, dropping to 3% as an additional 1.7 million economically active people were absorbed into the national labor force, according to INEGI’s National Occupation and Employment Survey (ENOE). This positive indicator is the result of greater market stabilization in industries that were disproportionately affected by the COVID-19 pandemic.

Sesame HR Kicks Off Latin American Expansion from Mexico

The Spanish human resources management software company has announced the start of its international expansion after experiencing two years of significant and consistent growth in its home market. With a focus on the country's thriving digital transformation, investment and supportive legislation, Sesame HR is confident in its ability to fortify its market presence.

Industry Trends

Chat GPT: Already a Disruptive Force?

As new technologies emerge, the potential for humans and AI to work collaboratively and maximize each other's strengths grows. With this evolution come opportunities to reshape job roles and responsibilities. However, the key question remains: which areas and jobs will be impacted by these changes, and how will they adapt to incorporate the benefits of AI?

People Analytics Can Only Take You So Far

Organizations must make an effort to understand the interests of their workforces and actively try to incorporate such values and incentives in their strategy development. Otherwise, companies risk investing funding and time into a plan that is doomed to fail because leaders did not take genuine interest in their workforce, writes Carlos Sánchez, Partner Director, Techshare.

Digital Talent Is Not Only Technical Talent

Companies need a digital workforce to deliver results from their digital strategy and to be competitive in this new era. Nevertheless, what executives often miss is that digital talent is not only technical. Companies also need digital business talent to deliver results, writes Carlos Lau, Founder and CEO, Kurios.