Workforce Competition Doesn't Stop at the Border
When a company considers where to expand, the competition rarely stops at a state line, or even a national border.
For economic developers across the United States, the location competing for a new facility or expansion may not be in another state. It may be in Mexico. At the same time, U.S. companies evaluating locations in Mexico need to understand more than costs, infrastructure, and available sites. They need to understand the workforce they will be competing for.
That makes visibility into hiring activity on both sides of the border increasingly important.
With the expansion of JobsEQ Real-Time Intelligence (RTI) into Mexico, economic developers, site selectors, and businesses can now examine real-time hiring demand in Mexican labor markets alongside the workforce intelligence they already use to inform decisions in the United States.
What Is the Competition for Talent in Mexico?
Consider Monterrey, Nuevo León, one of Mexico's major business and industrial centers.
Over the past 12 months, JobsEQ RTI captured significant hiring activity from several employers that also have a substantial presence in the United States:
⋅ Accenture México: 735 job postings⋅ The LEGO Group: 529
⋅ The HEINEKEN Company: 455
⋅ AutoZone: 331
⋅ Chubb: 319
Together, these five employers posted 2,369 positions in the Monterrey area.
And the demand isn't limited to the types of roles traditionally associated with manufacturing or production.
Job titles appearing in the market include project manager, data engineer, real estate agent, receptionist, account manager, talent acquisition specialist, and commercial advisor.
For a company considering Monterrey, that hiring activity provides important context. Who else is competing for the workers you will need? What occupations and skills are employers seeking? How active is the market?
For a U.S. economic development organization competing with Monterrey for an expansion, those same questions matter. Understanding your own workforce is essential, but understanding the labor market a company is comparing you against can make the competitive picture much clearer.
A Broader View of North American Workforce Competition
The addition of Mexico data to JobsEQ RTI gives users a new way to investigate those questions.
Updated daily and available at the metropolitan-area level, Mexico RTI provides the same types of job-posting intelligence available through U.S. RTI. Users can examine hiring activity by factors such as employer, occupation and job title, skills, experience requirements, and geography.
That can support several different decisions.
A company evaluating a Mexican location can investigate local hiring conditions before committing to an expansion. A site selector can better understand the employers already competing for relevant talent. And an economic developer in the United States can gain insight into a Mexican market that may be competing for the same investment.
In each case, the objective isn't simply to know how many jobs are being posted. It is to understand what those postings reveal about the workforce market.
Better Location Decisions Require Better Workforce Intelligence
Location decisions have always required comparisons. But as companies evaluate opportunities across borders, the workforce side of those comparisons needs to evolve as well.
Labor availability, skills, employer demand, and competition for talent can all affect whether an expansion succeeds after the site has been selected. The more visibility decision-makers have into these conditions before making an investment, the better equipped they are to ask the right questions.
For economic developers, that intelligence can also help them understand their competitive position and tell a stronger story about their own labor market.
Mexico Real-Time Intelligence is now automatically available to existing JobsEQ Global RTI customers, providing another lens into the increasingly interconnected North American labor market.
Because when businesses are comparing locations across borders, workforce intelligence should cross them, too.
Subscribe to the Weekly Economic Update
Subscribe to the Weekly Economic Update and get news delivered straight to your inbox.