Seismic Changes Shake Mexico; More About Them in MTF 2022By Cinthya Alaniz Salazar | Wed, 03/16/2022 - 17:26
Industry leaders discuss Mexico’s labor shortage paradox and the downside of AI applications in recruitment. Meanwhile, the US faces a crippling talent deficit, leading to the arrival of recruitment platform Turning in Mexico. In international news, Google’s annual survey indicates employees are growing increasingly dissatisfied.
Human resource (HR) departments across industrial sectors have had to contend with seismic changes. Mexico’s Talent Form 2022 will examine in depth these challenges and what is on the horizon.
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Mexico Talent Forum 2022, to be held on May 18-20, will examine the evolution of Mexico’s labor market and evolving trends including: new work models, employee wellness, new regulatory compliance standards and, most recently, talent scarcity.
At the behest of high demand in the US, recruitment platform Turing has initiated operations in Mexico to connect local developers with companies located in the US that require high-level technical skills. “We live in a world where remote work is a new reality, and companies that have adapted to the shift to remote work are thriving and have a significant hiring advantage,” said José Luján, Turing Developer Community Leader in Mexico.
The labor market faces a labor shortage paradox. Young college graduates are struggling to find a job but companies are also struggling to cover available positions, wrote MBN expert contributor, João Nunes, Managing Director, PageGroup.
“In 2025, 3.5 million professionals specialized in STEM will be required in the region. In addition, by 2030, 80 percent of the jobs we know now will be eliminated by careers in areas such as software engineering, electronic engineering, mechanical engineering and mechatronic engineering, according to data from the Organization for Economic Co-operation and Development (OECD),” wrote Nunes.
The sudden implementation of AI on recruitment processes might have accelerated hiring but, if programmed incorrectly, AI could be a double edge sword. Mexico has limited comprehension of this tool, explains IBM, further increasing risks. "The final responsibility falls on the human element because technology is just a tool,” said Monica French, Head of New Business Hispanic America, LinkedIn Talent Solutions.
Google’s annual survey indicates that while employees are motivated by a strong association to the company’s mission, they are increasingly dissatisfied by their total compensation and promotions.