Day of The Dead is upon us in Oaxaca, and Juanita's hotel still has rooms available for one of the busiest times of the year. The City of Oaxaca, a UNESCO World Heritage Site in Southern Mexico, relies on tourism for its very existence. Juanita is trying to figure out where she went wrong, realizing that Día de Los Muertos should top up her bank balance, just like the Christmas season, the summertime festival weeks known as Guelaguetza, and Easter. Time and again she asks herself, "Am I paying my staff too much?"
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Why do so many of my employees have the same names?
This is a question that I hear a lot. It can be a little confusing at first when it seems as if a lot of your employees share the same surname. It d...
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In Canada and the United States, it is fairly straightforward to downsize our employee base during a downturn in the economy. Employees have unemployment insurance to cushion the change. But in Mexico, the law protects the worker.
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Why focus on a labour savings in a country where the labour cost is so low?
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We had a lot of new business coming in and no room left. It was time to build our second facility in Mexico.
After a lengthy negotiation, we purchased a good piece of property on fairly level ground. ...
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I found that the reluctance to communicate bad news was not a trait of our Mexican employees alone, but I did find that it was more prevalent there.
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Our manufacturing operation in Mexico was in trouble and we had to make a lot of changes quickly to rescue the business...
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Rapid GDP growth
According to the Finance Secretariat and the National Statistics Institute (INEGI), the nation's GDP rose 4.7% in the second quarter (compared to the equivalent period of 2005) to a r...
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Despite calls from PRD candidate Andrés Manuel López Obrador and his supporters for a complete recount, it looks almost certain that the Federal Electoral Institute will confirm very shortly that the presidential election was won by PAN candidate Felipe Calderón Hinojosa. The new president will take office on December 1.
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This issue went to press just days before the July 2 federal elections. Watch this space for an updated paragraph in the middle of the month covering the basic results, together with some analysis of their implications for the economy.
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