Overall Score

5.6 in 2015 5.6
0 2.5 5 7.5 10

Key Finding

Mexico’s overall Index score remains unchanged on the year. Upward pressure from a reduction in the supply of labour due to lower participation, was offset with a rise in talent mismatch and overall wage pressures.

BREAKDOWN OF SEVEN INDICATOR SCORES

Scores
0 2.5 5 7.5 10
Education
flexibility
4.8
Labour market
participation
4.8
Labour market
flexibility
7.0
Talent
mismatch
4.7
Overall wage
pressure
5.0
Wage pressure in
high-skill industries
10.0
Wage pressure in
high-skill occupations
3.0

COUNTRY OVERVIEW

View from the ground

Mexico has recently seen changes made to its economic model, the expansion of Mexican companies and a large increase in foreign investment, all of which has led to further demand for skilled professionals, many of which are not available in Mexico. The Index indicators show us that this vicious circle is a major factor of wage pressures, evident in the country as a response to the supply and demand of skilled individuals, especially in highly specialised industries. On the other hand, the structural reforms designed to improve the competitiveness of the country are certainly a big step in the right direction, but the combination of a continued lack of qualified talent, strong wage pressure in highly skilled sectors and restrictions on labour flexibility should be finally resolved if we want to become an incubator for world-class talent.

Gerardo Kanahuati, Country Manager, Hays Mexico

Gerardo Kanahuati, Country Manager, Hays Mexico

Country Profile

Mexican GDP growth remains remarkably strong considering the external headwinds the economy is facing.

Domestic demand continues to drive growth, with strong consumer spending supported by solid labour market conditions particularly in the service sector and an increase in funds sent home from overseas.

Gerardo Kanahuati, Country Manager, Hays Mexico

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