In the current global context, the development of technology has revolutionized the way people live and do business. Specifically in nearshoring, there is the need for a link between foreign companies and local companies that are subcontracted to provide particular services with unbeatable geographic proximity.
“In this sense, Mexico is one of the most important countries in Latin America, however, the country must recognize the importance of generating talent in the technology sector for the benefit of its companies and its economic development, since it is increasingly difficult to find talent in its metro cities,” explains Rodrigo Blanco, Head – Corporate Affairs, Tata Consultancy Services Mexico.
Sharing his views with Financial Express Online, Blanco states: “For this reason, the Government, hand in hand with Private Initiative, must promote the training and retention of talent in the technological field and create a positive impact at a business and social level, copying the models currently used in India.”
The challenges in finding talent are not exclusive to a single organization, since according to the “Talent Shortage 2022” report by ManpowerGroup, 65 percent of companies in Mexico have difficulties finding suitable profiles, and in the Information Technology sector we speak of 68 percent. These numbers reveal a significant gap between the demand for technological talent and the available supply.
According to him, Indian companies, such as TCS, HCLTech, Wipro, Infosys, TechMahindra and recently LTIMindtree, have more than 25 thousand employees in Mexico, with very important growth prospects; as recently announced by the Global CEO of TCS, who currently employs more than 12,500 associates in the Country and is projected to grow much more.
Given these numbers, “the generation of talent in the technology sector is essential to guarantee the continuity of Mexican technology companies and their ability to compete globally. In addition, it can contribute significantly to the economic development of the country, offering new high-quality and well-paid employment opportunities,” Head – Corporate Affairs, Tata Consultancy Services Mexico adds.
Key Recommendations by Rodrigo Blanco, Head – Corporate Affairs, Tata Consultancy Services Mexico
“These are some of the key recommendations, very similar to the Indian models, that I put on the table to face this situation that concerns us as a Country in relation to the shortage and relocation of talent:
Investment in an education and training network: The Government and companies must increase investments in technology education and training programs. This includes promoting STEM (Science, Technology, Engineering and Mathematics) careers from an early age and supporting continuing education programs for professionals.
Plugging the holes: talent retention in technology: To avoid talent drain, it is essential to create an environment conducive to the professional and personal development of technology professionals. This includes offering competitive salaries and growth opportunities, as well as collaboration with industry-leading companies.
Public-private collaboration to prevent further leaks: The Government, companies and academic institutions must work together to prevent the flight of this talent and create an environment conducive to the professional and personal development of individuals. Establishing strategic alliances and scholarship programs can be an effective way to boost technology training.”
In his view the reality is that there are actions promoted by the State and Federal Governments, however, they do not work as they should due to the fact that there is no consensus of the three fundamental pillars, which are the IP, the Academy and the Government. “It is time for us to come together to take action and build a solid foundation to retain the source of knowledge and make the most of the talent that Mexico has to offer in the world of technology,” he urges.