Market Intelligence Reports

Latin America Market Report Q1 2023

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Talent Solutions – Latin America Q1 2023 | 14 Greater Mexico Annual Salary Hourly Pay Rate Annual Salary Hourly Pay Rate Annual Salary Hourly Pay Rate Annual Salary Hourly Pay Rate Annual Salary Hourly Pay Rate Healthcare Banking & Financial Services Technology Manufacturing All Industries Data Analyst 223,799 105 Data Analyst 299,899 135 Business Analyst 519,782 246 Driver 264,436 118 Call Center Rep. 179,286 85 $12,585 $5.90 $16,865 $7.60 $29,230 $13.80 $14,870 $6.65 $10,080 $4.80 Database Admin. 316,755 152 Financial Analyst 514,863 235 Database Devel. 586,229 278 Production Worker 137,454 67 Customer Serv.Rep 196,891 94 $17,810 $8.55 $28,955 $13.20 $32,965 $15.60 $7,730 $3.75 $11,070 $5.30 Network Engineer 395,084 192 Info. Sys. Admin. 491,423 234 Software Devel. 583,591 281 Warehouser 73,957 34 Retail/ Cashier 94,166 41 $22,215 $10.80 $27,635 $13.15 $32,820 $15.80 $4,160 $1.90 $5,295 $2.30 TalentNeuron As at Q1 2023 2022 2021 2020 Total Labor Force (000s) 10,079 9,840 9,008 9,604 Employed Workers (000s) 9,592 9,278 8,357 9,126 Unemployed Workers (000s) 487 562 651 478 Unemployment Rate 4.8% 5.7% 7.2% 5.0% In Mexico, minimum wages are implemented on a daily rate. The General minimum wage is MXN 207.44 per day (8 hours). There are 61 professional minimum wages based on occupation. The last minimum wage increase was in January and it represented an increase of 20%. Minimum wages in the Free Trade Zone which borders the US are much higher. Minimum Wages Employed Population by Income received in the Number of Minimum Wages Hiring Demand Trend for All Positions Hiring Demand Trend by Selected Job Function Labor Statistics Change in Labor Statistics Over Time Selected Positions with Indicative Annual Salary and Hourly Pay

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