Mexico is well positioned in terms of human talent, amid the euphoria caused by the shifting of productive activities in the world. At least it can be seen that Mexico ranks ninth out of 10 economies with the greatest availability of labor, profitability, regulatory impact and productivity, according to the Total Workforce Index (TWI) report published by Talent Solutions. , corresponding to 2022 from global firm ManpowerGroup.
The top 10 include: United States, Singapore, Canada, Ireland, Australia, United Kingdom, Israel, Philippines, Mexico and Malaysia.
It is surprising that in 2021 Mexico was ranked 53rd in the ranking and according to the study, the factors that propelled our country to climb 44 places include outsourcing reform, as the country has increased its hand of temporary work. compacted. and opened up a vast prospect for employing personnel on a permanent basis; Labor force whose talent skills are highly valued in the labor market.
This analysis, which is the ninth done, is done on talent and each market is verified across more than 200 unique factors, which are divided into four categories: availability, profitability, regulation and productivity; And where Mexico stands in the third place in productivity after the United States and Singapore.
New members of the top 10 this year, such as Mexico, the Philippines and Malaysia, although they do not surpass the competition in availability, they compensate their note in the aspect of regulations which are exceptionally welcomed by employers, whether For temporary workers, permanent workers or both of them.
“Factors that contributed to their inclusion (in the top 10) include highly skilled labor, access to on-site and remote talent, and stable economic and geopolitical conditions,” the study said.
An important point to note is that as older workers leave the labor market, more companies are prioritizing the availability of a larger pool of Generation Z and millennial workers to cultivate a sustainable talent population.
Added to this, aspects such as cost of living indices, wage inflation and exchange rate volatility have been introduced into TWI based on the significant impact of these issues on organizations and their employees. It helps provide a clearer picture of economic stability as companies make workforce mix and location decisions.
Sanctions on the Russian economy, which have restricted access to talent from that country, is another factor that has influenced the ranking to move, as this talent has been replaced by other economies as a result of the war with Ukraine. .
Mexico ranks well in productivity
The top five markets for productivity are the United States, Singapore, Mexico, Canada and China. The United States dropped from 7 to 1, while Singapore climbed one place to second. Meanwhile, Mexico has entered the top 5, jumping from 19th in 2021 to third this year, while Canada holds on to fourth.
“Mexico has the highest potential productivity, including the ability to support remote work, greater access and ease of working,” the report said.
The Global Talent Solutions report highlights that employers have faced constant changes over the two years due to the revisions that accompanied the pandemic; This happened in Europe, America and Latin America; Furthermore, working remotely has become a reality that is here to stay in the job markets.
“Remote work has become a reality, not only because workers demand it, but because it really has the potential to help companies diversify their location strategy and mitigate environmental, geopolitical and regulatory risks. is,” the report details.
It should be noted that the three main general markets that did not register changes are: the United States, Singapore and Canada respectively as they maintain the availability of talent with the skills that companies demand; Furthermore, regulatory environments are adequate, they have adequate infrastructure – reliable electricity, availability of high-speed data networks, computers at home – all aimed at remote working.