MILWAUKEE, July 15, 2014 /PRNewswire/ -- ManpowerGroup
Solutions' Managed Service Provider (MSP), today released the
second Contingent Workforce Index (CWI). The CWI measures and
tracks the relative ease of sourcing, hiring and retaining
contingent workforce in 75 countries.
To view the multimedia assets associated with this release,
please click:
http://www.multivu.com/players/English/7270751-2014-contingent-workforce-index-from-manpowergroup-solutions-reveals-global-shifts-in-contingent-labor-availability/
Hong Kong continues to be the
highest-ranked country for contingent workforce operations in 2014,
followed closely by the United
States. China advanced from
16th place in 2013 to third due to its well-balanced mix
of relatively high workforce availability and industry dynamics,
despite shifting regulations and wages. Other significant changes
include Australia's fall from
fourth place in 2013 to 15th in 2014 as the result of rising
manufacturing wages and reduced workforce availability.
"Managing business and workforce strategies globally presents
tremendous challenges to business leaders who must align resources
and leverage talent holistically," said Kip Wright,
ManpowerGroup Solutions senior vice president. "In its second year,
the Contingent Workforce Index continues to provide an unparalleled
global outlook with detailed metrics and in-depth analysis of local
contingent labor conditions. The enhanced 2014 CWI helps business
leaders make informed decisions about their entire workforces and
evaluate, plan for and successfully manage expansion of their
operations."
The second annual CWI was refined and enhanced to assure the
analysis and results reflect the constantly evolving world of work
trends. For example, additional insight into regulations and
workforce dynamics, such as "language proficiency" was added.
Moreover, with greater emphasis placed on the size of countries'
contingent workforces, countries with large populations or pools of
contingent labor rose in the rankings. Consequently, decreased
rankings were observed for countries with smaller contingent labor
pools or higher costs.
Countries included in the CWI are assessed on more than 50
unique market conditions and statistics that influence contingent
workforce conditions. Using a proprietary formula, countries are
ranked on their overall environment for contingent workforce
engagement across four categories: availability, cost, regulation
and productivity. Each category can be weighted differently
depending on organizations' strategic priorities. The report
provides unparalleled insights into contingent workforce planning
which helps organizations develop short- and long-term business,
and workforce strategies, from expanding MSP programs
internationally, to capacity planning and global
sourcing.
Additional information about the 2014 Contingent Workforce Index
is available at www.manpowergroup.com or
www.manpowergroupsolutions.com.
To view the multimedia assets associated with this release,
please click
http://www.multivu.com/players/English/7270751-2014-contingent-workforce-index-from-manpowergroup-solutions-reveals-global-shifts-in-contingent-labor-availability/
SOURCE ManpowerGroup