Mexico's Talent Faces Challenges

COVID-19 is creating issues worldwide. In Mexico, it negatively affects Mexico’s employed population, forcing people to step up and tackle problems in front of them. Read about the latest developments in the sector of talent and human resources here!

Mexico Will Work from Home, Ready or Not

In Mexico, Phase 2 of the COVID-19 contingency is now in effect. Populated areas such as Mexico City and the State of Mexico have taken measures to restrict events and gatherings. Although offices are not legally required to close, the World Health Organization advises to take precautions. Home office is becoming the new normal worldwide, even in Mexico. In the country, only two of every 10 companies were truly prepared for home office. Nonetheless, many companies are coping and teaching their workers valuable skills regarding modern offices in the process.

Unemployment Levels Rise but Government Takes Measures

Unemployment has risen to levels not seen since 2016, reported El Universal. People that could lose their jobs rose to 23.1 percent, which is the highest figure reported since 2005. Support is on the way, however. The Ministry of Labor and Social Welfare (STPS) has taken steps to support workers. President López Obrador has vowed to protect Mexico’s most vulnerable employees. INFONAVIT has created a fund, aiming to help people who get laid off to pay their mortgage.

Smaller Companies Get Funds to Keep Running

El Universal reported that small and micro companies, such as street vendors, saw their sales drop down to practically zero. The government, along with private initiatives are vowing to help these smaller businesses.