Unemployment Rate Falls with Gains in Commerce, Manufacturing

Mexico’s unemployment rate fell with concentrated employment recovery in industries hardest hit by the COVID-19 pandemic and associated challenges. The Inter-American Development Bank announced an investment in startup Talenty, which aims to become the largest tech talent marketplace in Latin America. Meanwhile, industry experts assess the digital skills of today and their relevance to innovation.

This week in Talent news and developments: 

Mexico

INEGI: Unemployment Falls Slightly in Third Trimester

From July to September, Mexico’s unemployment rate fell slightly to 3.4 percent, a 0.8 percent contraction from 3Q21, according to INEGI’s National Occupation and Employment Survey (ENOEN). Employment recovery has been largely concentrated in Mexico’s commercial and manufacturing industries, which employed an additional 764 million people during this period. 

IDB Invests in Talenty’s Talent Marketplace Ambition

The Inter-American Development Bank invested US$750,000 in Talenty, which aims to become the largest tech talent marketplace in Latin America, according to Contexto. Talenty’s CEO Domenics Obando looks to further three key initiatives: augment women’s participation in tech, promote industry development in Central America and expedite hiring of Latin America talent in the US. 

Dey: Transforming Consumption Through Income Liquidity

When salary-on-demand startup Dey emerged to help address the lack of financial liquidity afflicting almost three quarters of Mexican laborers, it did not foresee that it would also change consumer behavior.  Moving past using it only for month-end expenses, early adopters have opted to use Dey regularly throughout the month, reports Founder and CEO, Oliver Babini. 

Industry

The Importance of Developing Digital Skills in the Future

As a consequence of the digital transformation, companies and institutions around the world require digital talent with the skills necessary to adapt digital platforms and AI to their business model. This requires talent committed to learn digital skills, otherwise they risk being marginalized in an emerging digital economy, says Fernando Thompson, Chairman, TBSek. 

Top 10 Work Trends in Latin America

An increase in technology adoption and a surge in hiring are redefining employee management. As companies prepare for additional macroeconomic instability in 2023, a special adherence to HR trends and employee input will be essential in helping companies survive another year, according to Courtney McColgan, Founder and CEO, Runa HR. 

How to Build an Innovation Culture at Your Tech Startup

Innovation is no longer a “nice-to-have” – it is a must for any tech startup that aims to achieve competitive advantages. Cultivating a culture that gives fruition to innovation rests on leveraging new work models, technologies and rewarding new ways of thinking, according to Gino Ferrand Founder and CEO, TECLA.