ManpowerGroup: Bridging Global Skills Gaps Hinges on Driving Youth
Effective Collaboration Urged to Bolster World's Workforce at World Economic
Forum Annual Meeting of the New Champions
DALIAN, China, Sept. 13, 2013
DALIAN, China, Sept. 13, 2013 /PRNewswire/ --ManpowerGroup (NYSE: MAN), the
world leader in innovative workforce solutions and World Economic Forum (WEF)
strategic partner, today outlined impactful actions that can be taken to
enhance the employability of the world's workforce in order to reduce both
global youth unemployment rates and talent shortages.
Jeff Joerres, ManpowerGroup Chairman and CEO, led a session at the WEF Annual
Meeting of the New Champions in Dalian, China, titled "Building Capacity for
Employment" examining what can be done to build to develop a more employable
labor force. Approximately 75 million young people are out of work worldwide,
yet millions of jobs remain unfilled — ManpowerGroup's 2013 Talent Shortage
Survey found that 35% of employers globally, and more than half of Asian
employers, are having difficulty finding workers with the right skills for
"It is imperative to get young people more engaged in the workforce because if
they check out for a prolonged period of time, the risk is that person is lost
to the labor market for good as skills life cycles have become shorter. That
is something the world cannot afford from a social or economic perspective,"
said Joerres. "Employers, government, educators and individuals should get
around the table and work together to develop a sustainable talent pipeline
with the skills businesses need."
The"Building Capacity for Employment" panel addressed questions including:
oHow does a framework for a resilient job market function?
oCan vocational training solve the problem of the skills mismatch?
oCan new models of higher education tackle unemployment?
oHow can youth entrepreneurship be fostered, and is this a solution to the
ManpowerGroup recommends that employers forge closer links with educational
institutions to ensure the education system includes training that develops
young people's workplace competencies such as collaboration and presentation
skills. Employers are also advised to adopt a mindset shift, recruiting for
potential where an individual demonstrates the right attitude, capacity to
learn technical skills and motivation to grow in their role — which
ManpowerGroup calls the Teachable Fit ^ TM.
By promoting vocational training, for example through apprenticeships or work
placements, employers can provide greater opportunities for young people to
gain valuable workforce experience. As companies have become more demanding in
terms of the criteria they are looking for in a successful hire, so the need
for individuals to remain intellectually curious and continually add to their
spectrum of skills becomes of paramount importance.
Last year, Joerres co-chaired the B20 Task Force on Employment, culminating in
presenting five scalable global priorities to impact youth and long-term
unemployment in particular, at the G20 Leaders' Summit. The B20 called on G20
stakeholders to implement credible, structural labor market reforms and
policies that enhance labor market access, competitiveness and productivity
while maintaining sustainable social protection systems.
In addition, companies, education systems and education providers are urged to
collaborate effectively on "post-crisis" curricula, targeted skill development
and skills matching. Also, it was recommended that the number, quality and
image of internships be scaled to help young people make the school to work
transition, upgrading local programmes and developing a cross-G20 internship
and apprenticeship exchange scheme.
"Governments have a major role to play in training, but companies and
individuals cannot abdicate their responsibility either," added Joerres. "If
all stakeholders join together to act in a more pragmatic way, successful
solutions can be put into practice to ease both high youth unemployment rates
and skills mismatches, reducing some of the stress that is currently heaped on
individuals and employers alike."
Joerres was featured in a recent Economist Intelligence Unit report, "Plugging
the Skills Gap: Shortages Among Plenty", which explored the scarcity of skills
in various industries as well as skills gaps in various job functions — and
ways that these are being addressed. The report is available for download at:
Joining Joerres on the panel were the following participants:
oEunice Yoon, Senior Correspondent, CNBC Asia, Hong Kong SAR (Moderator)
oOmar K. Alghanim, CEO, Alghanim Industries
oNancy Laos, Minister of Labour and Employment, Peru
oJosé Manuel Salazar Xirinachs, Assistant Director-General for Policy,
International Labour Organization (ILO)
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
Contact: Ania Waszkiewicz, +1.414.906.6476,
email@example.com, Mark Jelfs, +1.414.906.6675,
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