Sustainable Tourism, Labor Conditions: The Week in Talent

In a dynamic labor market, Mexico makes strides toward sustainable tourism, while Shein grapples with alleged labor law violations. In other news, workers might see a 3.8% pay increase in 2024 amid a cooling job market, yet talent pipelines remain robust. Moreover, even as workdays shrink at the benefit of employee well-being, productivity remains unaffected. Meanwhile, the success of phishing emails with HR subjects highlights limited cybersecurity awareness among users.

This week in Talent:

Mexico

Mexico’s Path Towards Sustainable Tourism 

Mexico's efforts and initiatives aimed at fostering environmentally-conscious tourism practices indicate a clear commitment to sustainable growth and development within the tourism sector.

Shein in Hot Water for Labor Law Breaches

A report from a US federal commission points to worries regarding Shein's connection to Uyghur forced labor. Shein restated its strong stance against forced labor and mentioned its existing mandates that demand suppliers adhere to the fundamental principles of the International Labor Organization.

Industry Developments 

Employers Target a 3.8% Pay Increase in 2024

Based on recent assessments by Payscale and WTW, numerous companies are allocating funds for a 3.8% salary raise in 2024. This marks a minor decline from the typical 4% increment witnessed in the present year, reflecting a shift in the compensation trend.

Cool Job Market, Hot Talent Pipelines 

While the job market might be experiencing a slowdown, the cultivation of skilled candidates indicates a proactive strategy by businesses to ensure a consistent pool of qualified individuals for their workforce.

Employee Well-Being Improves as Work Days Shrink 

According to findings by ActivTrak Productivity Lab, the workday is progressively contracting, showing a year-on-year reduction of 37 minutes. Nevertheless, productivity remains unaffected, suggesting a positive impact on work-life equilibrium and the well-being of employees.

Phishing Emails Reel in with HR Subjects 

The success rate of HR-themed email cyberattacks, highlights how these fraudulent communications attempt to exploit HR, shedding light on the significance of cybersecurity awareness and vigilance within talent management.

Executive Perspective 

Talent Consulting: An Investment, Not an Expense 

Felipe Rivelles, Managing Partner, World Talent Advisors, underscores that expenditure on talent consulting should be seen as a strategic investment, highlighting its potential to yield substantial returns for businesses, rather than additional financial cost.

Tech’s Impact on Teaching: Experts Weigh in

Veronica Erives, CEO, Cursafy, delves into how technology is shaping the realm of teaching, underlining its substantial impact on different fields. “Education is one of the most important factors for the progress of individuals and societies as it directly influences their development,” she says. 

The Educational, Professional Impact of Being Transgender 

Vanesa Marcos, Director of Communications and Pedagogic Innovation, Global Open University, explores the effects, challenges and opportunities of identifying as transgender amid education and career journeys. She emphasizes the significance of cultivating inclusivity and providing support in talent management.

Taking Full Responsibility: A Powerful Game Changer 

Fernando Orta, CEO, Podemos Progresar, emphasizes that taking full responsibility holds significant transformative potential, particularly within the context of talent management and leadership.