Unemployment among Mexico’s working age population increases, as companies struggle to find talent. In other news, formal employment makes gains, a likely result of the outsourcing law, but informal employment persists.
In international news, US agencies consider the risk of bias and discrimination in digital employment applications.
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Unemployment among Mexico’s working-age population has increased more than 30 percent in the last two years, now nearing almost 2 million people, according to a report by the National Survey of Occupation and Employment (ENOE). This deals a significant blow to talent-hungry companies and by extension threatens to undercut the national economic recovery, says the International Labor Organization.
Formal employment is soon to reach 800,000 jobs above pre-pandemic levels. However informal employment has only modestly declined by 70,000, according to data from the National Survey of Occupation and Employment (ENOE) and INEGI.
Compared to US where the Great Resignation has impacted operational personnel, Mexican companies have suffered a pronounced turnover among top-level executives, according to data from PageGroup. Since most executives have left their current positions for more lucrative job offers, its worth considering if in Mexico this should be considered a Great Reshuffle instead.
View from The Top
Danone Mexico is experiencing an organizational transformation focused on the successful integration of three previously independent business units; thereby implying an organizational redesign, cultural transformation and the development of upskilling programs, said Hernán Valcarce, Vice President HR North Latam, Danone.
Companies look to digitalize their Human Resource departments as needed to source and recruit talent competitively, but the use of these technologies could lead to unintended biases and discrimination, according to reports by the US EEOC and DOJ.