ManpowerGroup Advises CEOs to Access, Mobilize and Optimize Talent to Remain Competitive in Economic Uncertainty U.S. Bureau of Labor Statistics Reports a 7.3% Jobless Rate and 204,000 Jobs Added in October
MILWAUKEE, Nov. 8, 2013 /PRNewswire/ -- ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions, advises business leaders to accelerate how they access, mobilize and optimize talent to remain competitive in the face of talent shortages, margin compression and economic uncertainty, as the U.S. Bureau of Labor Statistics today reported the overall jobless rate ticked up to 7.3%.
"Every CEO is faced with the same problem of trying to remain competitive while margins are shrinking, talent shortages persist and economic uncertainty is the new normal," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "Assumptions have changed and companies need to think and act differently in the Human Age. Talent strategy no longer takes a back seat to business strategy as both are directly tied to financial sustainability."
ManpowerGroup Solutions' Managed Service Provider (MSP), TAPFIN, recently released the world's first Contingent Workforce Index. The Contingent Workforce Index is an innovative approach to measuring contingent labor favorability, comparing and ranking 75 countries on the conditions for contingent workforce engagement. According to the report, Hong Kong, New Zealand and the United States are the top three countries for contingent workforce engagement.
"Talent impacts almost every major decision at the CEO level and knowing how to access, mobilize and optimize the right talent, no matter where it is in the world, can have an enormous impact on business success. The Contingent Workforce Index enables leaders to make better informed decisions about business strategy based on talent analysis and access," added Joerres.
Using a proprietary formula, countries are ranked on their overall environment for contingent workforce engagement and in four key categories: availability of contingent workers, cost of engaging contingent workers, regulation of workforce engagement and contingent workforce productivity. This exclusive analysis provides insights for many aspects of business planning, from expansion of global workforce strategies and MSP programs, to capacity planning and sourcing strategies.
Additional information about the Contingent Workforce Index and the report is available at www.tapfin.com.
ManpowerGroup™ (NYSE: MAN) is the world leader in innovative workforce solutions that ensure the talent sustainability of the world's workforce for the good of companies, communities, countries, and individuals themselves. Specializing in solutions that help organizations achieve business agility and workforce flexibility, ManpowerGroup leverages its 65 years of world of work expertise to create the work models, design the people practices and access the talent sources its clients need for the future. From staffing, recruitment, workforce consulting, outsourcing and career management to assessment, training and development, ManpowerGroup delivers the talent to drive the innovation and productivity of organizations in a world where talentism is the dominant economic system. Every day, ManpowerGroup connects more than 630,000 people to work and builds their experience and employability through its relationships with 400,000 clients across 80 countries and territories. ManpowerGroup's suite of solutions is offered through ManpowerGroup™ Solutions, Manpower®, Experis™ and Right Management®. ManpowerGroup was named one of the World's Most Ethical Companies for the third consecutive year in 2013, confirming our position as the most trusted brand in the industry. See how ManpowerGroup makes powering the world of work humanly possible at www.manpowergroup.com. Follow ManpowerGroup Chairman and CEO Jeff Joerres on Twitter: Twitter.com/manpowergroupjj