Talent Concerns, Strategies into 2022

Throughout 2021 the labor market has become increasingly competitive as people have continued to exit the workforce. This scarcity has increased labor costs for companies across all industry sectors, prompting companies to prioritize talent attraction and retention strategies.

Industry leaders reflect on relevant concerns including enhancing employee performance, productivity and tapping into the “Glass Generation.” In other news, the Pan American Development Foundation (PADF) looks to address the gender gap in STEM in Mexico and throughout Latin America.

Here is your weekly Talent briefing:

Mexico

Talent Attraction, Retention Become Top Priorities

Mexico’s productivity levels fell during 2021 so talent attraction and retention are the top priorities for 84 percent of companies in 2022, according to a study by PAE Global.

North American CFOs Report Labor Concerns to be the Top Risk

North American CFOs from the most influential companies cite labor concerns to be the top internal risk as they face increasing talent costs and high inflation into 2022, according to a Deloitte survey.

Industry Trends

How Does Happiness at Work Relate to Productivity?

The last two years have been fundamental in strengthening the idea of emotional pay, turning small changes into big movements, writes 1DOC3’s Javier Cardona.

“In a world where a pandemic has changed the way work is done in different sectors, productivity, happiness at work, and comfort have become permanent needs for every worker and primary responsibilities for employers,” said Cardona.

How to Attract Talent in the Age of the ‘Glass Generation’

In the new business world, executives must talk about psychology in the same way as marketing, finance or logistics, writes Pearson's Santiago Gutiérrez.

“[Soft] skills are essential for working teams to be productive and committed to a common goal. They cannot be taught at school, but rather, learned at what we commonly call “the university of life,”” said Santiago.

The Need for High-Performance Teams

It is crucial to hire determined, motivated and passionate people to ultimately meet goals and objectives, writes IOS Offices’ Javier García.

“Nowadays, tough competition, disruptive new businesses, and a changing marketplace leave us no choice but to strive even higher to achieve excellence.”

People: The Difference Between Market Leaders and Laggards

Choosing the right people on your track to success can make all the difference in getting to the finish line, writes Hitch's Gabriela Ceballos.

“People who have already been in your footsteps and have already accomplished what you want to achieve are a great benefit to have around.”

International

Addressing the Gender Gap in STEM

Mexico’s percentage of top-performing girls in mathematics and science is among the lowest of all PISA countries, writes the Pan American Development Foundation’s (PADF) Valeria Uribe.

“The booming technology sector has spawned a great need for innovators, engineers, and scientists. As the global tech sector continues to grow, traditional manual labor positions are becoming increasingly replaced by jobs that require STEM skills,” said Uribe.