Thriving in Turbulent Times: Mexico Talent Forum 2023
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Thriving in Turbulent Times: Mexico Talent Forum 2023

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Cinthya Alaniz Salazar By Cinthya Alaniz Salazar | Journalist & Industry Analyst - Tue, 04/18/2023 - 13:55

As the business landscape continues to evolve rapidly, Chief Human Resources Officers (CHROs) are facing new challenges in the aftermath of the COVID-19 pandemic. From navigating market volatility fueled by uncertainty to coping with disruptive emerging technologies, CHROs are under pressure to adapt and make strategic talent decisions for long-term success. In this dynamic environment, leveraging HR technology has become a top priority for CHROs as they seek to mitigate market risks and optimize cost savings. 

“While the COVID-19 pandemic helped accelerate Mexico’s adoption of HR technologies, there is still an echo of the traditional, status-quo mechanisms that reigned uninterrupted for decades. The challenge for current HR directors is to help all organizational leaders be on the same page concerning talent priorities, by extension, the technologies and funding needed to realize this vision,” Andrés Gómez, Country Manager, Buk, tells Mexico Business News. 

While HR departments have always been recognized as the cornerstone of business success, it is only recently that their strategic contribution to sustained competitiveness and success has been fully acknowledged. This recognition has led to a significant investment boom in HR technology, driving important and impactful innovations. However, despite these advancements, many HR leaders and their departments are still relatively new to data analysis, posing challenges in leveraging HR technology to its full potential. The ability to make data-informed talent decisions is a relatively new challenge for HR leaders, but it is a crucial differentiator in a digital-first economy that reaffirms their value-added to the business.

As the business landscape evolves rapidly, CHROs face the dual challenge of developing the necessary skills and capabilities within their departments to effectively analyze and interpret data; while also navigating shifting labor laws, managing workforce dynamics and talent market expectations. This complex landscape requires CHROs to prioritize bridging the HR tech gap to facilitate strategic decision-making across all departmental priorities. By leveraging HR technologies, CHROs can optimize talent strategies, enhance productivity, reduce turnover and heighten business competitiveness. This technology will allow them to make data-informed decisions on talent incentives, optimize investment in technologies and align HR practices with organizational goals. Despite the inherent difficulties, CHROs who prioritize bridging the HR tech gap can position their organizations for success in a rapidly changing business environment.

Ultimately, closing the HR tech gap is “fundamentally important to ensure that HR directors do not end up buying recruitment tools that clash with the organization’s processes or objectives,” says Abraham Ortega, HRBP LATAM, inDrive. “Ultimately, supporting CHRO’s technology education processes is fundamental to curbing unnecessary company costs and expediting an organization’s digital transformation.”

Mexico Talent Forum, a hybrid in-person-virtual event, breaks geographical barriers and welcomes global industry leaders to discuss the most pressing labor trends, technology innovations and best practices. The event is organized by Mexico Business, which hosts conferences on Mexico’s most important industries and in 2021, welcomed 2,136 industry-shaping companies and 758 speakers to 13 industry-leading conferences.

 

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