AMER Market Overview
Size: Over 670 million individuals comprise the Americas workforce.
Growth: Moderate growth expected, primarily driven by North America, while South America experiences slower but steadier growth.
Diversity: Increasingly diverse, with growing participation of women, minorities, and immigrants.
Digital Transformation: Automation, AI, and cloud computing are reshaping industries and job requirements.
The Rise of the Gig Economy: Freelancing, temporary work, and project-based jobs are becoming increasingly popular.
Skills Gap: Demand for specific skills, such as data analysis, digital literacy, and soft skills, outpaces available talent.
Upskilling and Reskilling: Growing emphasis on continuous learning and development to stay relevant in a changing job market.
The Great Resignation: High job turnover rates create challenges for employers and opportunities for skilled workers.
Strong emphasis on innovation and technology adoption.
Higher wages and benefits compared to South America.
Aging population leading to labor shortages in certain sectors.
Growing middle class driving demand for skilled professionals.
Emphasis on entrepreneurship and informality in the workforce.
Language barriers and infrastructure challenges create opportunities for multilingual and adaptable professionals.
North American GDP growth: 2.5% (Q1 2024) (Source: World Bank)
Latin American GDP growth: 1.8% (Q1 2024) (Source: World Bank)
Percentage of employers reporting difficulty filling open positions: 64% (Americas, 2023) (Source: ManpowerGroup)
Top skills in demand: Digital literacy, critical thinking, complex problem-solving (Source: World Economic Forum)
Percentage of employees working remotely at least part-time: 38% (Americas, 2023) (Source: Microsoft)
Percentage of companies planning to offer permanent hybrid work options: 72% (Americas, 2023) (Source: Gartner)
