Background on César Bonilla Yunes and His Relevance
César Bonilla Yunes, the president of the Consejo de Organismos Empresariales (COE), has been instrumental in shaping the business landscape of Puebla, Mexico. As a prominent figure in the local business community, his insights and observations carry significant weight.
Key Findings on Employee Turnover
The COE, which comprises over 8,000 members, has reported a decrease in employee turnover. This positive trend can be attributed to improved wages and continuous training opportunities, particularly in the retail sector where turnover rates were previously as high as 50%.
Impact of COVID-19 Pandemic
Bonilla Yunes acknowledged that the COVID-19 pandemic has influenced employees to prioritize job security, as many jobs were lost during the health crisis and took three years to recover.
Benefits of Employee Retention
He emphasized that employee retention is advantageous for businesses, as they have invested in their workforce through training. However, employers understand that employees will eventually leave.
Current Trends in Employee Turnover
Bonilla Yunes noted that the average turnover rate is two out of ten employees per year and a half, compared to six months pre-pandemic in sales areas. He also mentioned that sales have been improving this year, encouraging employees to remain in their positions.
Importance of Competitive Wages and Work Environment
Bonilla Yunes believes that low employee turnover is a result of a 20% wage increase and a sense of identity fostered within businesses. He stressed the importance of maintaining a positive work environment to encourage employee development.
Challenges in the Tourism Sector
Despite progress, Bonilla Yunes highlighted that the hospitality sector, including hotels and restaurants, requires more promotional efforts from authorities to attract tourists. Low visitor numbers have led to increased employee turnover in these industries.
COE’s Call for Sustained Employee Care
The COE urges its members to continue providing competitive wages and a positive work environment for their employees across all economic sectors. Bonilla Yunes encourages businesses to hold onto existing jobs until the end of 2025, whenever possible.
Key Questions and Answers
- What is the COE? The Consejo de Organismos Empresariales (COE) is a prominent business council in Puebla, Mexico, led by President César Bonilla Yunes.
- Why is employee turnover significant? Low employee turnover indicates job security and stability within the workforce, which is crucial for businesses to maintain a skilled and committed team.
- How have wages and training impacted turnover? Improved wages by 20% and continuous training opportunities have contributed to reduced employee turnover among COE members.
- What challenges does the tourism sector face? The hospitality industry, including hotels and restaurants, struggles with low visitor numbers, leading to increased employee turnover.
- What is the COE’s advice for businesses? The COE encourages its members to prioritize competitive wages and a positive work environment to retain employees.
