Work-Life Balance, Salary Negotiation: The Week in Talent

With Mexico opening over 21 million jobs, work-life balance is still a pressing issue in the country. Experts say that HR executives should utilize AI to create a more holistic environment. 

This week in talent news and developments: 

Mexico 

Banxico Raises Growth Target, Aims for 800,000 Formal Jobs

Banxico has revised its growth target for 2023 to 2.3%, up from the previous estimate of 1.6%. This ambitious goal is expected to result in the creation of around 800,000 formal jobs registered with the Mexican Social Security Institute (IMSS). 

TATA Consulting Solutions Open Ninth Facility in Mexico 

The technology company, which operates as a subsidiary of India's largest conglomerate, is expected to strengthen Mexico’s IT sector and promote cooperation between the two countries and generate around 2,500 job openings in Nuevo Leon and other parts of Mexico.  

Mexicans Strive to Find Work-Life Balance 

Mexico surpasses other OECD countries in working hours by 23%, with an average of 2,137 hours worked per year. The goal moving forward is to encourage parental involvement in education and caregiving, improve family relationships, and achieve a better work-life balance.

Mexican Job Market Thrives with Over 21 Million Positions

The first five months of the year saw the creation of 490,013 jobs, with a significant growth rate of 70.8% in permanent employment. Over the past year, Mexico has added 854,422 job positions, with 73.2% being permanent roles. 

Industry Developments 

Salary Negotiation: An Important Skill For Women

Effective negotiation not only improves financial well-being but also contributes to career growth and narrowing the gender pay gap. Research and self-worth are emphasized as important factors in enhancing negotiation abilities. 

ILC to Set Pathways to Decent Work, Social Justice

The ILC aims to launch a Global Coalition for Social Justice, encouraging collaboration and policy coherence among nations to strengthen social contracts, address work-related challenges and prioritize social justice as a global imperative.  

IMEF-MEF Present the 2023 Gender Equity Award 

The second edition of the IMEF-MEF Gender Equity Award recognizes the efforts of these companies and aims to inspire others to continue advancing in creating an inclusive and equitable society. 

Executive Perspective 

How to Empower Culture, Tailor Talent Growth Plans

To embrace the potential of AI and technology in improving company culture, HR departments should integrate AI-driven communication tools, personalized learning platforms, and data analytics for decision-making, says Manuela Velez.

Three Years After the Pandemic, What’s Next?

The COVID-19 pandemic has brought significant changes to the way we work and interact. However, embracing the changing work landscape and nurturing new talent with innovative thinking is crucial for organizations' success, says Edgar Rosas Lopez.