ManpowerGroup: Engage Unemployed Youth to Ease Talent Shortages

       ManpowerGroup: Engage Unemployed Youth to Ease Talent Shortages

Dedicated and Focused Strategies Needed to Tackle Chronic Global Levels of
Youth Joblessness, Says Innovative Workforce Solutions Provider

PR Newswire

DAVOS, Switzerland, Jan. 24, 2013

DAVOS, Switzerland, Jan. 24, 2013 /PRNewswire/ -- ManpowerGroup (NYSE: MAN),
the world leader in innovative workforce solutions and World Economic Forum
(WEF) strategic partner, asserts that coordinated action in four key areas is
needed to tackle chronic levels of youth unemployment worldwide, with the
topic high on the agenda at the WEF Annual Meeting.

(Logo: http://photos.prnewswire.com/prnh/20110330/CG73938LOGO-a)

ManpowerGroup recommends targeted actions in: creating jobs and promoting
entrepreneurship; helping young people acquire economically relevant skills;
assisting youth's workforce entry; and developing national strategies to scale
career development programs.

The International Labor Organization projects a global youth unemployment rate
of 12.7% by 2017. In the Eurozone, the youth unemployment rate currently
stands at 24.4%, up from 15% in March 2008. In Greece alone, 57.6% of young
people are out of work. Christine Lagarde, Managing Director of the
International Monetary Fund, stated in her opening plenary remarks in Davos
yesterday that of the 202 million people the ILO reports are unemployed, two
out of five are under the age of 24. 

"Young people are losing hope of finding jobs, and many have stopped searching
for work altogether. They are fast becoming a generation that sees no path to
success," said Jonas Prising, ManpowerGroup President and Junior Achievement
USA board member. "Opportunities can be created for youth by providing the
required tools and training to ensure they acquire the skills and expertise
needed. There are examples of initiatives that have shown promise, but the
sheer scale of the issue requires a dedicated and focused effort to succeed."

Prising today participated in the WEF session, "Preventing a Lost Generation,"
exploring how Europe's leaders can engage 14 million unemployed young people
in the workforce. ManpowerGroup recently released two reports, "How Policy
Makers Can Boost Youth Employment" and "Wanted: Energized, Career-Driven
Youth." Both reports recommend strategies to prevent an entire generation from
being excluded from the labor market, at a time when ManpowerGroup's research
found that more than one-third of employers globally are having difficulty
filling open positions. Both reports can be downloaded from:
http://www.manpowergroup.com/research/research.cfm

Klaus Schwab, World Economic Forum Founder and Executive Chairman, wrote a
blog on the subject of Europe's youth unemployment problem for The Huffington
Post based on his new book, The Re-emergence of Europe, citing a report
produced jointly by WEF and ManpowerGroup. The report, titled "Youth
Unemployment Challenges and Solutions", identified solutions to youth
unemployment. The blog can be viewed at:
http://www.huffingtonpost.com/klaus-schwab/the-reemergence-of-europe_3_b_2489823.html?utm_hp_ref=tw

ManpowerGroup's recommendations to better align skills supply and demand in
the labor market include convening employers and educators to create a shared,
pragmatic language of skills specifications that is job-relevant and can help
coordinate training resources, improve career guidance resources for young
people at all stages of the education process, improve access to training that
is clearly linked to employment outcomes, and support youth-friendly
technology platforms, such as mobile devices to deliver information and
services.

In addition, adopting contingent work models through private employment
services plays an important part in matching labor supply and demand by
increasing opportunities for marginalized groups including youth to
participate in the formal labor market and furnishing them with valuable
employability skills.

Last year, Jeff Joerres, ManpowerGroup Chairman and CEO, co-chaired the B20
Task Force on Employment, which culminated delivering recommendations for
focused actions to inspire sustainable employment creation at the G20 Summit
in Mexico. These recommendations included improving collaboration between
business and educational institutions, and scaling internships and
apprenticeships. Prising led a dynamic debate at the World Economic Forum on
Latin America, building on the B20 job creation recommendations to create
actionable deliverables.

About ManpowerGroup

ManpowerGroup™ (NYSE: MAN), the world leader in innovative workforce
solutions, creates and delivers high-impact solutions that enable our clients
to achieve their business goals and enhance their competitiveness. With over
60 years of experience, our $22 billion company creates unique time to value
through a comprehensive suite of innovative solutions that help clients win in
the Human Age. These solutions cover an entire range of talent-driven needs
from recruitment and assessment, training and development, and career
management, to outsourcing and workforce consulting. ManpowerGroup maintains
the world's largest and industry-leading network of 3,600 offices in 80
countries and territories, generating a dynamic mix of an unmatched global
footprint with valuable insight and local expertise to meet the needs of its
400,000 clients per year, across all industry sectors, small and medium-sized
enterprises, local, multinational and global companies. By connecting our deep
understanding of human potential to the ambitions of clients, ManpowerGroup
helps the organizations and individuals we serve achieve more than they
imagined – because their success leads to our success. And by creating these
powerful connections, we create power that drives organizations forward,
accelerates personal success and builds more sustainable communities. We help
power the world of work. The ManpowerGroup suite of solutions is offered
through ManpowerGroup™ Solutions, Manpower®, Experis™ and Right Management®.
Learn more about how ManpowerGroup can help you win in the Human Age at
www.manpowergroup.com.

ManpowerGroup is the most trusted brand in the industry, and was once again
the only company in our industry to be named to the Ethisphere Institute's
2012 World's Most Ethical Companies list for our proven commitment to ethical
business practices, including an outstanding commitment to ethical leadership,
compliance practices and corporate social responsibility.

In January 2011, at the World Economic Forum Annual Meeting in Davos,
Switzerland, ManpowerGroup announced the world has entered the Human Age,
where talent has replaced capital as the key competitive differentiator. This
concept of talentism as the new capitalism continues to resonate and was
echoed as a core theme of the 2012 Annual Meeting of the World Economic Forum
in Davos. Learn more at www.manpowergroup.com/humanage

Gain access to ManpowerGroup's extensive thought leadership papers, annual
Talent Shortage surveys and the Manpower Employment Outlook Survey, one of the
most trusted indices of employment activity in the world, via the
ManpowerGroup World of Work Insight iPad application. This thought leadership
app explores the challenges faced by employers navigating the changing world
of work and provides in-depth commentary, analysis, insight and advice on
strategies for success.

Follow ManpowerGroup Chairman and CEO Jeff Joerres on Twitter:
twitter.com/manpowergroupjj. Joerres is one of only 20 Fortune 500 CEOs who
leverages a Twitter account to get his message out.

SOURCE ManpowerGroup

Website: http://www.manpowergroup.com
Contact: Britt Zarling in Davos, +1-414-526-3107,
Britt.zarling@manpowergroup.com or Mark Jelfs in Milwaukee, +1-414-906-6675,
mark.jelfs@manpowergroup.com
 
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