Maya Dadoo, Worky: Revolutionizing the HR Industry for Mexican SMEs, Ep 107

<p><span style="font-weight: 400;"><span style= "font-size: 24pt;">Maya Dadoo, Worky: Revolutionizing the HR Industry for Mexican SMEs, Ep 107</span><br /> <br /> In Mexico, SME employees rotate at a rate of ~60% per year! With about 20M Mexicans working in this sector, this means 12M are switching jobs on a yearly basis. It’s amazing companies can get anything done! Coming from a background in chemical engineering, Maya Dadoo has always had a passion for making processes more efficient. When she noticed a problem in Mexico’s HR industry that was hindering talent growth in SMEs, Maya decided to look for an innovative solution. </span></p> <p> </p> <p><span style="font-weight: 400;">In 2018, Maya founded Worky, an all-in-one HR software built for Mexican SMEs. Maya and her partner discovered that one of the main reasons employee retention is so problematic in Mexico is the lack of employee benefits in SMEs. Today, Worky</span> <a href= "https://latamlist.com/mexicos-worky-raises-3m-from-qed-and-leap/"><span style="font-weight: 400;"> closed a $3M round</span></a> <span style="font-weight: 400;">led by QED Investors and LEAP Global Partners, and is helping over 170 companies encourage financial health in employees and streamline their HR operations.</span></p> <p> </p> <p><span style="font-weight: 400;">In this episode, I sit down with Maya to talk about why HR is a huge opportunity in Latin America, and how employee benefits in Mexico differ from the US. We also discuss her decision to focus on HR and how she transitioned from the corporate world into entrepreneurship. </span></p> <h3><span style="font-weight: 400;">Replacing Excel in Mexico</span></h3> <p> </p> <p><span style="font-weight: 400;">According to Maya, traditional SMEs in Mexico won’t hire an HR manager until they hit the 30-employee mark. Until then, HR processes such as hiring and firing staff are usually the task of a CEO or an assistant. On top of that, they are working with about 12 Excel spreadsheets on average, resulting in a highly inefficient