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ManpowerGroup Solutions Launches New Insight and Data-Led Total Workforce Index™ to Help Companies Identify the Best Countries to Find Skilled TalentMILWAUKEE, Oct. 11, 2017 /PRNewswire/ -- ManpowerGroup Solutions today launches its first Total Workforce Index™ (TWI) report. The report summarizes the findings of the TWI, the only index of its kind to use a high-tech, high-touch approach. Expert insights are combined with a proprietary formula to compare the workforce potential of markets and help companies ensure their workforce strategy is aligned with their business goals. Through a combination of data and ManpowerGroup Solutions' industry leading experience, organizations can leverage the TWI to develop and execute a Total Talent Management approach to workforce strategy (including all permanent and contingent labor types) based on skills availability, cost efficiency, workforce productivity and regulation. In a global analysis of 75 markets, the TWI identifies those countries where workforce skills, productivity and labor regulation make it most favorable to conduct business. In the 2017 report, New Zealand, Hong Kong and Singapore come out on top. TWI rankings provide Big Data and fresh insight that can influence both short- and long-term growth strategies for companies. The global ranking equally weights skills availability, cost efficiency, regulation and productivity. This algorithm can be customized to reflect the unique workforce priorities of any organization. View the full 2017 Total Workforce Index™ at www.totalworkforceindex.com "Access to skilled talent and effective labor policy are just as important as access to capital and other economic factors for companies when choosing where to locate their operations," said Kate Donovan, Senior Vice President of ManpowerGroup Solutions. "With the new TWI, we can fully customize the formula to match an organization's strategic priorities. Employers can leverage the index and our insight to rapidly develop a workforce with the skill set they need. The global rankings using TWI demonstrate that no country is perfect when it comes to creating an environment for organizations to quickly set up shop. However, we can see those that prioritize effective labor regulation, skills and access to talent - Canada, Ireland, New Zealand, Singapore and the U.S. - are leading the way." REGIONAL RANKINGS
The Total Workforce Index™ (TWI) uses a proprietary algorithm to measure the relative ease of sourcing, hiring and retaining a workforce in competing labor markets around the world. The TWI compiles more than 90 key factors which relate to the Availability, Cost Efficiency, Regulation and Productivity of the workforce of each country. Unlike any other Workforce Index, the Total Workforce Index™ considers the entire workforce and not a single segment of the workforce in each country. The inclusion of the complete workforce allows for segmentation, to review and analyze the contingent and permanent workforce considerations, in addition to the sum of these two workforce segments About ManpowerGroup Solutions About ManpowerGroup 1 http://www.unescap.org/our-work/social-development/population-dynamics
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