Companies Must Build Stronger Leadership Pipeline as Business Environment in
Asia Changes Rapidly
"Prioritize Leadership Development," Says ManpowerGroup Ahead of World
Economic Forum Annual Meeting 2014
MILWAUKEE, Jan. 15, 2014
MILWAUKEE, Jan.15, 2014 /PRNewswire/ --ManpowerGroup (NYSE: MAN), the world
leader in innovative workforce solutions andWorld Economic Forum(WEF)
strategic partner, will be joining leaders at the WEF Annual Meeting 2014
inDavos, Switzerlandnext week to discuss how the macroeconomic forces
impacting the world of work are creating greater pressure for businesses to
develop leaders faster.
Nowhere in the world is the shortage of leaders more pronounced than in Asia.
According to research conducted by Right Management — the global leader in
talent and career management within ManpowerGroup — only 7.2 percent of
businesses in Asia have leaders who are "very prepared" to address business
challenges. ManpowerGroup's 2013 Talent Shortage Survey also found that
management and executives are on the list of the region's Top 10 Hardest Jobs
The Asian business environment is rapidly changing. The World Economic Forum
predicts a growth of an additional one billion middle-class consumers in East
Asia. This rise of the middle class and the evolution of the region, from one
that manufactures to one that consumes and innovates, demands Asian leaders
with new skills.
Right Management research has found that the three most important leadership
characteristics in Asia today are a global mindset, the skills to lead change
and the ability to retain and develop talent. To be most effective, it is
imperative that talent development programs in Asia focus on growing these
skills through a combination of international assignments, on-the-job, action
learning, executive coaching and mentoring, and rotational assignments.
"Leadership is a journey but the current demand for leaders in Asia means this
journey needs to be taken by an express train," Tweet: @ManpowerGroupJJ
Leadership is a journey but the current demand for leaders in Asia means this
journey needs to be taken by an express train said Jeffrey A. Joerres,
ManpowerGroup Chairman and CEO. "Companies in Asia must deploy holistic
leadership programs customized to local needs to meet these compressed
To win in the Human Age, companies need to prioritize nurturing future leaders
now to ensure the talent is in place to drive future growth.
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: Mark Jelfs, + 1 414.906.6675, Mark.Jelfs@manpowergroup.com; Ania
Waszkiewicz, +1 414.906.6476, Ania.Waszkiewicz@manpowergroup.com
Press spacebar to pause and continue. Press esc to stop.