Unemployment, Leadership and Collaboration: The Week in Talent

Mexico's unemployment rate dropped to 2.4% following the addition of over 660,000 formal and informal employment opportunities in March, according to data from INEGI's National Occupation and Employment Survey. However, a low unemployment rate could create risks for the Mexican economy such as labor shortages and wage inflation, according to a Frontier View senior analyst.

Meanwhile, industry experts assess the business competitiveness that can be derived from stronger leadership and how the metaverse will transform workforce collaboration. 

This week in Talent news and developments: 

Mexico

INEGI: Unemployment Contracts Following Strong Job Creation

Mexico’s unemployment rate dropped to 2.4% following the addition of over 660,000 formal and informal employment opportunities in March, according to data from INEGI's National Occupation and Employment Survey (ENOE). This robust growth serves as a positive indicator of Mexico's potential economic performance in 2023. 

What Should Companies Do Amid Slower Economy, Tight Labor Market?

Although Mexico’s low unemployment rate is indicative of a strong economy, it could also create risks, such as labor shortages, reduced productivity and wage inflation warns, Marina Zepeda, Senior Analyst, Frontier View. A potential upward pressure on wages and lackluster consumption suggests that companies “should closely evaluate their strategies to increase sales.”

Executive Perspective

Leadership Development Leads to Greater Competitiveness

Mario Rodríguez, Founder, Leadership Sense, discusses the importance of leadership development in Mexico and its role in the country's competitiveness in international trade. The most successful leaders “align with the needs of their clients, including users, operators, shareholders and the community,” writes Rodríguez. 

Why Employee Development Is Important for New Company Leadership

Investing in employee development, particularly for new leadership, is crucial for organizations to maintain a competitive edge, according to César Marrón, Director General, Cardinal Health. “[Leaders] are responsible for aligning the team toward a common goal, inspiring and motivating them to perform, making critical decisions and providing direction during difficult times,” writes Marrón.

Five Ways Metaverse Will Transform Lives, Business in Five Years

The metaverse is set to transform workplace collaboration, productivity and engagement in the next five years, anticipates Eduardo Sarmiento Villalobos, Country Manager, DXC Mexico. Moreover, it also stands to “boost diversity and inclusion, helping to empower individuals who may not feel confident in a normal work environment.”