Mexico: a young and productive human capital economy
In Mexico, it is agreed among executives of successful companies across various industries that human capital is a strategic asset for any organization that wants to meet goals and take on future challenges.
We must consider, however, that for any company employing the right human capital means having the power to obtain efficient operations, resulting in stable growth.
Professional profile and industrial development
Due to the fast-paced process of digital transformation that has opened the door to hybrid work models and automation of some operations, new needs for industries have emerged worldwide.
Because of that, there is ongoing work to implement technology and processes that include professional training in firmware and hardware, programming codes, software development, electronics and agile methodologies.
Likewise, digital transformation has increased the need to specialize in artificial intelligence and automation fields. The latter reached a value of $190 billion dollars in 2021, and by 2025, it is expected to exceed $260 billion dollars1.
As a result, Mexico’s professional profile is adapting to face a more competitive industry in the world.
And to achieve that goal, personnel training is key for everyone, concentrating on optimizing processes and guaranteeing a better experience buyer experience from any industrial zone of the country.
A great case that shows the urgency of specialization is the tool and machinery industry, which must have highly trained personnel. It is estimated that professionals with this knowledge level must complete a 2-to 3-years2 basic training course and have at least a couple of years of work experience. Therefore, Mexican companies and universities have already employed measures to ensure young talents have the required education that this and other industries demand.
Human capital: the driving force of Mexico’s economic growth
One of the main reasons the Mexican industry is seen as an investment opportunity is its young, productive, specialized workforce.
Out of the country’s 126 million inhabitants3, half are under 30, meaning 49.8% of the population can work. Moreover, World Bank data indicates that 22% of higher education graduates1 studied engineering courses.
This is why Mexico is one of the ten countries in the Organization for Economic Cooperation and Development (OECD) with the most experts in engineering.
The combined force of the private sector and educational institutions has encouraged this growth by beginning to implement the Mexican Dual Training Model4.
This model states that professional training should be taught in the classroom and the company, starting at the technological baccalaureate, technical professional or technical baccalaureate levels.
It is designed to promote balance between a student’s theoretical and practical training, allowing them to acquire work experience before graduation.
Applying this model ensures suitable workspaces and better salary prospects for young people. In addition, having skilled personnel is a great benefit for companies and Mexican economic growth.
At Advance Real Estate, we know industrial development mainly relies on the people who make up the organizations. For this reason, in each industrial zone where we operate, we provide suitable spaces that enhance our tenant’s well-being is considered, such as urban greening, amenities, and Business Centers.
Information source
- https://www.forbes.com.mx/ingenieria-en-mexico-como-aseguramos-nuestro-lugar-en-el-podio-a-nivel-mundial/
- www.clusterindustrial.com.mx/noticia/…/la-importancia-del-capital-humano-especializado-en-la-industria
- embamex.sre.gob.mx/espana/…/Brochure14razones.pdf
- www.gob.mx/sep/…/modelo-mexicano-de-formacion-dual
- mexicoindustry.com/noticia/la-transformacion-del-capital-humano-en-la-manufactura-retencion-de-talento
- mexicoindustry.com/noticia/en-mexico-hay-mas-de-800000-ingenieros-egresados
