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Overall score

Score by Indicator

5.5
in 2016 5.6
0 2.5 5 7.5 10

Key drivers

Talent mismatch

Talent mismatch has improved, with falling levels of long-term unemployment reducing the risk of the labour force losing skills.

Overall wage pressure

Mexican firms are expected to benefit from more competitive wages (lower wage pressure) in 2017, as inflation is forecast to erode real wage growth.

Wage pressure in high-skill industries

Industry wage pressures in high-skilled industries has eased, as the gap between wages in high- and low- skilled industries has declined.

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COUNTRY OVERVIEW

Ground View

Gerardo Kanahuati, Managing Director, Hays Mexico

Mexico is optimistic in its drive to maintain growth trends, despite adverse external and internal factors that have kept GDP growth low and short of the initial forecast. The key challenge has been maintaining foreign investment interest throughout the electoral period – this has been sustained by the geopolitical ‘Mexican moment’ as the country searches for new allies as well as new exporting territories. Mexico is currently facing demographic transition, presenting an opportunity to produce professionals with the skills required by businesses. The current workforce, and those on the brink of joining it, will need further training in order to meet the number of highly-skilled workers needed. The biggest potential for untapped professionals lies in the inclusion of women into highly-skilled sectors.

Gerado Kanahuati, Managing Director, Hays Mexico

Country Profile

GDP growth in Mexico was lower in 2016 than all but one of the five years. If low growth continues this year, business’ recruitment plans are likely to be modest.

Mexican businesses wanting to expand their headcount in the future are likely to benefit from the country’s increasing working age population, although an ongoing challenge is that Mexico has the third lowest female labour force participation rate (49 per cent) among the 33 countries featured in the Hays Global Skills Index. That is lower than any other Latin American countries, including Brazil (62 per cent), Colombia (63 per cent), and Chile (58 per cent).This remains a significant pool of untapped labour.

Key skills in demand

  • Quality managers
  • Engineering plant managers
  • Sales managers/directors
  • Solution sales
  • HR generalists/senior management

News and Press Materials

Gerardo Kanahuati, Managing Director, Hays Mexico