Weekly Review I March 8, 2023

GENERAL SITUATION IN MEXICO

Weekly Review I March 8, 2023

RELEVANT NEWS

STPS APPROVES THE FINAL VERSION OF NOM FOR TELEWORK, THESE ARE THE MAIN CHANGES

The labor authorities have ready the Telework Standard (NOM-037) that will regulate this employment modality in the country. The National Advisory Committee for the Standardization of Occupational Safety and Health approved last Friday the changes to the project published in July last year after the public consultation period to which it was submitted.

Among the adjustments endorsed by the working group that collaborated with the Ministry of Labor and Social Welfare (STPS) in the design of the standard, the following stand out:

• The Safety and Health Commission of the companies acquires a more active role by being in charge of verifying that the applicant or teleworker has the appropriate conditions for this modality.

• It is recognized that employees may propose the places where they will telework and agree on them with the employer, as long as they are fixed spaces and have basic conditions.

• It establishes the obligation to have a second checklist to be applied periodically and ensure the continuity of health and safety conditions in which teleworking is performed.

• The measures to prevent psychosocial risks in the modality are extended by incorporating breaks and rest times during the working day.

• Within the measures of gender perspective, it is annexed in the policy of teleworking as a basic element that women have time for breastfeeding.

• It is incorporated in the employer’s obligations to guarantee the confidentiality of the list of workers who will be under the modality of remote work.

• The obligation of the worker to inform the employer

RELEVANT NEWS

in advance of any temporary or permanent change of domicile to the agreed workspace is maintained, but now the basic elements of the writing are established: “Date of elaboration; the name of the worker in the modality of Telework that elaborates the writing; the date of occurrence, and the description of the change of domicile”.

• The concept of work accident is expanded to include those that occur during the commute to/ between the agreed spaces or to the work center during or because of work.

NOM-037 will retain the verification mechanism to corroborate the safety and health conditions of the space where remote work will be performed, as well as the obligation of employers to have a telework policy. Although the modifications make the implementation more flexible by changing concepts and the wording of some points.

The NOM of Telework is the instrument that will regulate the safety and health conditions in this type

of employment, its objective is to avoid illnesses and accidents among the people who perform their activities under this figure.

“The elementary conditions and specific preventive measures to be adopted in the workplaces determined by common agreement between employers and teleworkers, in order to prevent events that endanger their physical integrity, life and health through a regulation on safety and health at work in line with technological advances and with a preventive approach to occupational diseases and accidents at work,” said the STPS in the draft submitted for public consultation in July last year.

The final version of NOM-037 maintains the possibility for the Safety and Hygiene Commission to visit the workspace proposed by the worker to verify the conditions, as long as the employee’s consent is obtained. Otherwise, the alternative will be the self-evaluation that the remote worker can do.

SOURCE: EL ECONOMISTA

RELEVANT NEWS

TESLA WOULD BE OPERATING IN NUEVO LEON BY THE END OF THE YEAR OR EARLY 2024

The Groundbreaking Ceremony of Tesla’s gigafactory in Nuevo Leon, could be laid in a month and a half and it should be operational by the end of this year or early 2024, said the state’s governor, Samuel Garcia, on Monday.

In an interview with EFE in his offices at the Government Palace in Monterrey, Garcia informed that he is only waiting for federal permits to begin construction of the project.

The gigafactory will be located in the municipality of Santa Catarina, some 17 kilometers from Monterrey, and will represent an initial investment of US$5 billion, in addition to generating some 35,000 direct and indirect jobs.

“For the first stone to be laid, we need all the permits to be ready, the local permits have already been approved, the federal permits are missing, so we are just waiting for Semarnat (Ministry of the Environment and Natural Resources) to give the approval and then we can start”, said Garcia.

He specified that this process, according to the law, could take approximately a month and a half, so in that time Tesla’s CEO, Elon Musk could be in Nuevo Leon for the start-up of the project.

On Wednesday of last week, during the celebration of the “Investor Day 2023” held in Austin (Texas, USA) the magnate confirmed the installation of Tesla in the north of Mexico.

“In order not to speculate on the terms (the time in which it will be already in operations) the Shanghai plant was a replica of Austin: the same process, the same plant, the same model and they did it in nine months. Here it is much more ambitious, they are talking about a plant that with a new assembly system will create a new model that is the most economical in the world”, he explained.

He added that, for now, there is no certain date for the Nuevo Leon assembly plant to start operations, but it could be by the end of 2023 or the beginning of 2024.

The plant will be Tesla’s first automobile production plant in Latin America and the fifth in the world, after those already operating in Fremont and Austin (United States), Shanghai (China), and Berlin (Germany).

SOURCE: FORBES MEXICO

KEYPOINTS OF PRESIDENT ANDRES MANUEL LOPEZ OBRADOR’S MORNING PRESS CONFERENCE

March 1-7, 2023

ECONOMIC

• Peso: President Lopez Obrador highlighted the peso’s performance against the dollar, which in recent days has even traded below $18.00.

• Economic indicators: President Lopez Obrador presented various economic indicators for the country. In summary, as of February 2023, Mexico has 21.6 million jobs reported in the IMSS and is expected to reach historic figures in March. The average monthly salary of workers enrolled in social security is $15,913. The Mexican currency has experienced an appreciation of more than 10%, making it the second strongest currency after the dollar. In addition, remittances are up 12% over the previous year, and record foreign direct investment has been seen due to the merger of Televisa and Univision, the restructuring of AeroMexico and other companies. The economy has emerged from the 8.2% decline caused by the pandemic and is expected to grow by 3% this year. Although inflation is on a downward trend, an anti-inflation plan is being implemented with Latin American countries to combat food inflation. The minimum wage has been increased by 90% over 2018, and the Mexican Stock Exchange has experienced a 26% increase. Debt is the lowest since 2004, and international reserves have had an increase of 15.1%. Final-

KEYPOINTS OF PRESIDENT ANDRES MANUEL LOPEZ OBRADOR’S MORNING PRESS CONFERENCE

ly, the price of the crude oil blend has increased by 26.59%, while the real price of magna gasoline, premium gasoline and diesel have decreased by 7.7%, 5.6% and 7.5%, respectively.

• Tesla Investment: President Lopez Obrador mentioned that his conversation with Elon Musk was very good, and they talked about other topics such as the development of the Isthmus of Tehuantepec, the installation of a battery company in Hidalgo, the Sonora Plan and the Mayan Train. The President extended an invitation to Musk to visit Sonora and see the solar energy plant, in addition to highlighting that the subsidies for battery plants and electric cars in the United States cannot be implemented in Mexico due to the cost. Regarding foreign participation in lithium investment, Lopez Obrador informed that they are working on the research and separation of lithium from clay, and that CONACyT is in charge of this task. He also confirmed that lithium belongs to the nation and that there may be agreements to sell the raw material.

BILATERAL RELATION

• GM corn consultations: The President of Mexico has proposed that an analysis be conducted between a qualified U.S. agency and COFEPRIS to determine whether GM corn is harmful to health. Although GM corn is not allowed to be consumed in Mexico, an agreement is being sought before going to the panel. Mexico is self-sufficient in white corn for human consumption and has many native corn varieties that must be protected. If there is no understanding, it will go to the panel to guarantee the health of Mexicans. Minister Buenrostro will attend the visit of U.S. trade representatives.

• Kidnapping of U.S. citizens: The governor of Tamaulipas reported that U.S. citizens were found, two of them deceased, and the president criticized the lack of media attention to violence against Mexicans in the United States. It was mentioned that President Biden offered to respect Mexico’s sovereignty, which was appreciated. Also mentioned was a case of a U.S. pharmaceutical company that created an addictive drug that was approved by the U.S. health regulatory agency and the lack of control of arms trafficking in the U.S., with senators receiving money from arms factories for their campaigns.

• Relationship with the United States: The President emphasized that he has a good relationship with Ambassador Ken Salazar, who is respectful of Mexico’s sovereignty. He announced that on March 19, legislators from the United States will come and make a joint tour and on March 21, Secretary John Kerry will come. This March 9 will receive the visit of the person in charge of the White House to face the fentanyl issue.

KEYPOINTS OF PRESIDENT ANDRES MANUEL LOPEZ OBRADOR’S MORNING PRESS CONFERENCE

POLITICAL AGENDA

• Autonomous Agencies: The President reiterated that he will leave a list of pending reforms; he stated that due to the lack of time he has to concentrate on concluding works and welfare programs; but other reforms are needed, such as in the judiciary, since it is a bastion of corruption. He added that a reform is needed to eliminate all the agencies that were created in the era of corruption; he added that the monopolies are the ones that manage this autonomous body, or so-called preponderant agents. They are excessive positions of civil servants; they are life scholarships in different sectors. By cutting services such as the savings bank and private medical services for public servants, savings of 15,000 million pesos were achieved.

• Insults to authority: Upon being informed that in Veracruz there are 800 people for this alleged crime, despite the fact that a year ago the Court

invalidated this crime, the Federal President stated that all crimes that have to do with insults to authority must be eliminated. Today or tomorrow an initiative to modify Article 33 of the Constitution will be sent; before, anyone who was considered a foreigner and questioned the government was deported, and this will be eliminated.

• Electoral Reform “Plan B”: The President of Mexico, Lopez Obrador, defended the electoral reform that seeks to have honest judges and advisors and reduce expenses. He rejected the idea that certain officials, like Edmundo Jacobo Molina, maintained privileges at the expense of the treasury and accused them of being part of the neoliberal regime. The Secretary of Government, Adan Augusto Lopez, explained that the reform consolidates the power to resolve appeals, eliminates privileges for INE staff, reduces the number of board members, and facilitates voting for Mexicans abroad. The President accused the INE of having a “golden bureaucracy” with three types of privileges and questioned the use of opaque trusts by the INE and the judiciary. He denied that the reform weakens citizen participation and suggested that the media, sometimes owned by oligarchs, can be a problem. The President stated that the Supreme Court will determine if any articles of the reform violate political-electoral rights.

• Genaro Garcia Luna Case: When asked if a specific investigation will be opened on former President Felipe Calderon, the President pointed out that the Attorney General’s Office is investigating Garcia Luna and his group, and that there is also a civil complaint in Florida for the assets that are presumed to be the result of corruption. However, he pointed out that the government is not going to file a complaint against former presidents, since

KEYPOINTS OF PRESIDENT ANDRES MANUEL LOPEZ OBRADOR’S MORNING PRESS CONFERENCE

• Electoral Reform: President Lopez Obrador stated that the Electoral Law does not affect INE’s operation and that the lack of approval of the constitutional reform means that 25 billion pesos will continue to be allocated to elections in Mexico. Furthermore, he expressed his satisfaction with the reforms that have been promoted during his administration, such as the elevation to constitutional rank of several public policies and the fight against corruption. Regarding the constitutional reform on water, the president pointed out that it is not necessary and that with the National Water Law and legal decrees the problem of water use in Mexico can be solved.

the people were asked if they should be prosecuted and there was no majority.

• Reform to the Judicial Power: The President stated that the independence of the Judicial Power must be respected and wait for a reform to be carried out in such power. He admitted that there is corruption in the three branches, but that in the Legislative there have already been changes and in the Executive, they are working on fighting corruption and applying austerity measures. However, in the Judicial Branch there have been no changes and allegedwhite-collarr criminals and organized crime are being given liberties. He pointed out that the reform of the Judicial Branch is the task of the next president, since his administration tried to reform the system without success. He also pointed out that there are two ways to achieve change: constitutional reform or that the majority of the ministers must be of integrity and true imparters of justice.

• Welfare Bank: The head of the agency, Victor Manuel Lamoyi, commented that they have an expansion plan of 2,700 branches, at the moment they have a coverage of 1,502 branches throughout the country in 1,207 localities and 997 municipalities in the 32 entities.

INFRASTRUCTURE

• AIFA: In response to the question about the train that would go from Buenavista to AIFA, he commented that he receives a report every 15 days. Progress is being made and there is no longer a right-of-way problem. It will be a stretch that will take 45 minutes. The “Claudios” did not realize that the AIFA area was expanded, and 1,400 hectares were acquired in agreement with the towns; if the pseudo-environmentalists or the leaders had realized this, they would have obstructed those lands. In extension, the AIFA is larger than the AICDMX. Among other advantages, the AIFA helps to direct population growth towards the north, where there is land and water (the problem is being addressed, but the water supply in the east of the CDMX is

KEYPOINTS OF PRESIDENT ANDRES MANUEL LOPEZ OBRADOR’S MORNING PRESS CONFERENCE

already more complicated).

• Tren Maya: The head of FONATUR, Javier May Rodriguez, assures that the Tren Maya is environmentally friendly, with the use of low sulfur diesel, reforestation and the construction of viaducts to protect the cenotes and subway rivers. In addition, 44% of the road is electrified with clean energy. On the other hand, the Head of SEMARNAT, Ma. Luisa Albores Gonzalez, highlights the final authorizations and public consultations carried out for the environmental impact statements, as well as the creation of new protected areas and the mitigation of climate change with the Sembrando Vida program. Finally, the Head of the Welfare Secretariat, Ariadna Montiel Reyes, mentions the Welfare programs that will benefit more than 3 million people in the area of the Mayan Train, including senior citizens, people with disabilities and scholarships, and the opening of branches of the Welfare Bank and the benefit to 271 municipalities with the contribution fund. The inauguration of the Mayan Train is scheduled for December 2023, 290 days away.

• Internet for Wellbeing: Emiliano Calderon pointed out that it consists of two telecommunications services, the first is to provide free internet in various spaces. This public service has 65,152 sites in 19,529 remote locations and poor populations and the monthly average is 1,680 connections. This year’s goal is to reach 100,000 sites covering 27,672 localities. On the other hand, the cellular telephony program will deploy 3,600 antennas and there are already 7,500 antennas installed covering 91.9% of the population. The goal will be to reach 94% of the population, installing 2,601 antennas.

SECURITY

• Private security: In previous governments, private security services grew with the help of the government and there is suspicion of corruption in the contracts, even SEGOB hired private police. However, work is being done to create the Federal Protection Police so that the government will be in charge of the surveillance of public offices. The hiring and training of personnel to guarantee the security of banks and public offices was authorized. In the case of Banco de Bienestar, which will have 2,750 branches by mid-year, it is important to guarantee their security. Banco Azteca currently has 1,900 branches.

• Organized crime: The alleged bill in the U.S. Congress to classify Mexican cartels as terrorist groups and the Republican Party’s strategy to interfere in Mexico is considered propaganda by the Mexican government. The U.S. State Department presented its 2021 terrorism report to Congress and assured that there are no Mexican links with terrorist groups and that cooperation between both governments is good. Mexico is an independent and sovereign country and rejects the idea that other countries want to use military force to intervene in its public life. Fentanyl is an issue of concern for both countries, but drug abuse prevention counseling must also be addressed. The government will continue to insist on an outreach campaign in all media about the harm caused by drugs. The next conference will be held from the “Bunker” that former official Garcia Luna used to have.

NEWS BY STATE

BAJA CALIFORNIA

Last week a meeting was held attended by business chambers and delegates from the German Embassy in Mexico, with the aim of learning about industrial capacities and exploring investment opportunities for German companies.

The labor market in Baja California generated 5,730 new formal jobs during February 2023, according to the Mexican Institute of Social Security (IMSS). The behavior of employment in the State by sector was as follows: Transformation Industry created 3 thousand 272, commerce created 657, social services created 631, construction industry created 530.

SONORA

Last week the presentation of the Sonora Plan was held in Puerto Peñasco, which will integrate the largest solar power plant in Latin America and the seventh in the world. It was mentioned that the tests have already begun with the aim of entering commercial operation by April 21. The Federal Electricity Commission (CFE) advances in the first stage of the project that adds 300 MW of capacity.

“Many companies benefit from the purchases made by the Federal Electricity Commission (CFE) to set up the project. That is something fantastic because it generates a lot of direct and indirect employment”, mentions Jose Celis, secretary of the Organization of the National Solar Energy Association (ANES).

NUEVO LEON

Regarding the water situation in the state, the Chamber of the Transformation Industry (Caintra), assured that there are business conditions for more investments to arrive to install manufacturing plants and factories in Nuevo Leon, but they must use treated water.

SOURCE: FORBES MEXICO,

GUANAJUATO

Guanajuato’s Governor delivers his 5th government report “I will deliver a state with better security, it is not a completed task, it is a continuous work, we have made our maximum effort in terms of security,” he said to those attending the report at the Bicentennial Park. The Governor said that the population can be sure that Guanajuato is brave and does not bow down to crime. In Guanajuato the incidence of crime has decreased, intentional homicide by 6.70 percent, femicide by 30 percent, bank robbery by 75 percent, home robbery by 4.94 percent, and kidnapping by 27.27 percent, he said in the report. He highlighted that Guanajuato has the bestpaid State Police in Mexico, each element has a net salary of 20,717 pesos per month. Diego Sinhue highlighted in the report that they surpassed the goal of granting 600 million pesos to the State Fund for the Strengthening of Municipal Public Security, reaching 800 million pesos. In the area of health, he emphasized that “in Guanajuato, we do provide free cancer treatment for children and adolescents”. “In the current fiscal year, 250 children and adolescents with cancer have been treated. The survival rate of children and adolescents with cancer in the state of Guanajuato is 71.94 percent at five years,” he said. In terms of economic development, Rodriguez Vallejo mentioned that Guanajuato is the sixth largest economy in Mexico with

a Gross Domestic Product (GDP) of more than 50,750 million dollars. The state ranks first nationally in non-border state exports, with international sales of 23.51 billion dollars. “At the close of December 2022, Guanajuato registered one million 46 thousand insured workers, registering an increase in the year of more than 27 thousand jobs. Manufacturing, commerce, transportation, and services stand out,” refers the report delivered to Congress. The state surpassed the number of employees lost during the pandemic, He said. The Mexican Social Security Institute (IMSS) reported a positive balance of more than 28 thousand jobs.

SOURCE: LA JORNADA

QUERETARO

Microsoft promotes the digitalization of SMEs in the state due to its developments in artificial intelligence, augmented reality, and its basic software, said the state’s Secretary of Sustainable Development, Marco del Prete Tercero. He stressed that the Association of Secretaries of Economic Development signed an agreement to promote SMEs through its platforms. It is a collaborative work with Microsoft, we have been collaborating for some months, firstly, from its Linkedin platform, which is owned by Microsoft, we have created employability conditions for many”, he pointed out.

SAN LUIS POTOSI

According to the Ministry of Economic Development (SEDECO), Germany is the country with the second largest Foreign Direct Investment (FDI) in the state. Likewise, San Luis Potosi is currently home to 35 German companies, mainly from the automotive industry, which are located in the state capital and in the municipality of Villa de Reyes. Authorities also assured that with the investment recently announced by BMW Group in the territory, the state is approaching a new stage in electromobility. San Luis Potosi will participate in the Hannover International Fair in Germany, the largest industrial meeting and exchange event in the world, which will allow the state to expand the work of exchange and investment. It is held in Germany annually and attracts about six thousand exhibitors and 200 thousand visitors. This year’s event will take place from April 17 to 21. It is worth mentioning that this fair began in 1947 in a factory building in Laatzen, south of Hannover, through an agreement with the British Military Government, with the aim of boosting economic progress during the post-war period. Due to its success, the fair was repeated every year thereafter, contributing to the success of the fairgrounds and replacing the city.

SOURCE: LIDER EMPRESARIAL, DIARIO DE QUERETARO

CDMX

In the fourth quarter of 2022, Mexico City ranked among the most dynamic states in terms of attracting tourism capital, which could ensure a more dynamic 2023, according to local authorities. According to the federal Ministry of Tourism (SECTUR), from October to December of last year, a Foreign Direct Tourism Investment (FDIT) of 18.4 million dollars was reported in the city, that is, 9.9% of the total in the country. In the last period of last year, the city was among the five entities that concentrated the largest amounts of capital, surpassing entities such as Yucatan, which captured 10.3 million dollars and accounted for 5.5% of the total. The country’s capital was also behind Baja California Sur, with 67.9 million (36.3%), Nayarit with 32.8 million (17.5%), and San Luis Potosi with 27.4 million (14.7%).

STATE OF MEXICO

The Movimiento Ciudadano party announced today that it will not nominate candidates in the current electoral processes in Coahuila and the State of Mexico, as it will concentrate on elaborating a political offer for the presidential succession in 2024. Senator Dante Delgado, who heads the National Operating Commission of Movimiento Ciudadano, and also Senator Juan Zepeda, said that this decision is due to the fact that the “Va por Mexico” alliance accuses MC of working for Morena and President Andres Manuel Lopez Obrador so that without its participation in said electoral processes, it will not be able to blame the orange party for any alliance.

INVESTMENT NEWS

CENTRAL MEXICO WALOR

Walor, a French automotive company, has invested $9 million dollars to establish a manufacturing facility in Irapuato, Guanajuato, creating 250 jobs in the region.

WIRE AND CABLE

Taiwanese company Wire and Cable celebrated its Groundbreaking Ceremony, for a new manufacturing facility in Villa de Reyes, San Luis Potosi, with a $10 million dollar investment. This project is expected to create 1000 job opportunities in the region.

WE BUILD

We Build, an Italian Real Estate company, has invested $30 million dollars to inaugurate a new project in Queretaro, generating 500 job opportunities in the region.

NORTHEAST

IDEAL CONTACT CENTER

Ideal Contact Center will invest $3.5 million dollars to establish a telemarketing center in Torreon, Coahuila, creating 700 new job opportunities in the region.

GRUPO INDUSTRIAL MONCLOVA

Grupo Industrial Monclova, a Mexican company, has invested $15 million dollars to inaugurate a new fertilizer plant in Monclova, Coahuila, generating 200 new job opportunities.

MKDC

South Korean company, MKDC, has invested $70 million dollars to inaugurate an automotive manufacturing facility in Ramos Arizpe, Coahuila, creating 600 new job opportunities.

TESLA

Tesla announced their plan to invest in a new Gigafactory, the biggest facility in the world, in Santa Catarina, Nuevo Leon. With a $4.5 billion dollars investment, it is planned to produce 1 million electric cars per year.

NATIONAL

HOME DEPOT

Home Depot, the U.S. home goods retailer, has announced an investment of $185 million dollars in Mexico. This is a national plan to open their 150th store in the country. The number of jobs that will be created hadn’t been disclosed yet.

SOURCES: CLUSTER INDUSTRIAL, MEXICO INDUSTRY, INMOBILIARE, EL UNIVERSAL, EL PAIS.

INTERNATIONAL WOMEN’S DAY

The global commemoration of Women’s International Day is a great opportunity for companies in Mexico to remind the importance of working towards no discrimination, promoting organizations free of violence, and reaching gender equality.

Mexican standard NMX-R-025-SCFI-2015 on Labor Equality and Non-Discrimination is a good tool that provides useful mechanisms to incorporate a gender perspective and non-discrimination in the recruitment, selection, promotion, and training processes; guarantee equal pay; implement actions to prevent and address workplace violence. Also to promote work-life balance, with equal treatment and opportunities for men and women.

To learn more about NMX-R-025-SCFI-2015 you can connect to the upcoming event organized by the Pan American Development Foundation (PADF).

ALVARO GARCIA HR, Vice President

CONSULTING

HOW TO APPROACH THE UPCOMING COMPETITION IN THE LABOR MARKET OF MONTERREY AND SALTILLO

Yes! It is great news that North America and the world are turning their heads towards Mexico for nearshoring, and the Monterrey - Saltillo region has become a hot spot of opportunities for companies looking to relocate. But with the arrival of popular giga-brands and more than 100 new upcoming investment projects confirmed last year, how is this imminent shift in the labor market going to affect the industry?

As a result of nearshoring, in just a few years, Saltillo has become the second most investment-capturing destination, just behind Monterrey, opening up the supplier base and infrastructure in the region. This also means the competition for top talent has begun and the big question is: are you and your company prepared to keep up?

We must face the facts, there is a whole new challenge for companies already established in the region and for all those 100+ projects coming to Nuevo Leon and Saltillo soon. The demand for talent and operational positions will keep growing in the next few months and the workforce

Teresa Mestas Project Leader

will have plenty of options to choose from, and no, a great rewards package and an attractive salary proposal will not be enough to keep your employes engaged.

It is now or never; managers must focus on having their company become an Employer of Choice. A company with such a solid structure, leadership, and an amazing work environment, based on clear core values, that employees choose to work at your company because they feel engaged and motivated.

It is here where Prodensa´s approach is supporting companies achieve what may sound impossible and challenging; compete with global leaders, for top talent in Nuevo Leon, Saltillo and all over Mexico. And all this with a solid and highly effective model that addresses 6 pillars within the company:

In order to start transforming your company into an Employer of Choice, working in these 6 pillars is vital but first and foremost you should start by looking in and complete a full internal assessment by answering questions such as:

• When was the last time we did a labor environment survey?

• Do we have enough training for mid-range positions?

• Do we have a variable compensation system?

• What is our work culture?

• Is high management communicating results to the rest of the company?

• Is high management following a leadership culture?

• Is our company culture being conveyed in the recruitment process?

• Are we using people analytics for decision making?

So yes, as complex as it sounds, the growing competition for talent and human resources is actually good news. Even though it comes with a new set of challenges, if approached in a forward-thinking manner and a people-focused way, it will bring your company many benefits. Mitigation of potential risks, promoting business continuity, reducing recruitment costs, and improving productivity and work environment, are just a some of them. Most importantly however, developing employees that are engaged with your company’s culture and apply their talent to meet your common objectives, will be the main reward.

For more information on how to become an Employer of Choice, you can write us at consulting@prodensa.com