Blog · Manpower Vietnam

MILWAUKEE, WI (January 17, 2020) — Global talent shortages have almost doubled in the last decade according to new research from ManpowerGroup (NYSE: MAN) released ahead of the World Economic Forum in Davos next week. 54% of companies report skills shortages with businesses in 36 of 44 countries finding it more difficult to attract skilled talent than in 2018. Employers in the U.S. (69%), Mexico (52%) Italy (47%) and Spain (41%) report the most acute shortages.Closing the Skills Gap: What Workers Want reveals what attracts people to an organization and what makes them stay so that businesses can find, build and keep the best talent. While what workers want varies by geography, gender and at different stages of career cycles the research finds autonomy over when and where work gets done, wellbeing to balance work and life and career mobility to build skills are top priorities alongside strong leadership and a commitment to purpose.“In an increasingly tech-enabled world, people with skills are in demand.” Said Jonas Prising, Chairman & CEO. “We know from conversations with candidates, clients and from our data that workers want flexibility and the opportunity to learn new skills. Ahead of the World Economic Forum Annual Meeting in Davos next week, we are calling for leaders to shift their workforce demands closer to the needs of in-demand talent. Creating shareholder value can only be done in conjunction with taking care of employees, customers and communities, so listening to the voice of the consumer is key. As the pace of disruption accelerates helping people adapt for future jobs and companies become creators of talent has never been more important.”Closing the Skills Gap: What Workers Want finds that what workers want varies by geography, gender and at different stages of career cycles:Gen Zs (age 18-24) are ambitious, hungry for cash and career development, yet already, women and men have differing desires. Women prioritize pay twice as much as their next priority — developing skills — while men say skills and career matter almost as much as pay.Millennials (25-34) want flexibility and challenging work; women say flexibility is a necessity, whereas it’s still a nice-to-have for men.Younger Xers (35-44) are on a quest for balance. Men prioritize flexibility as much as women and want the ability to work remotely, their share of parental leave and a flexible start and end to their day.Boomers (age 55-64 and 65+) are driven by pay, challenging work and flexibility though they place the highest priority on leadership and teams. Older workers want to pay it forward: the over 65s are most motivated by purpose. For information on Closing the Skills Gap: What Workers Want published ahead of the 50th anniversary of the World Economic Forum’s annual meeting, Stakeholders for a Cohesive and Sustainable World, visit https://wef.manpowergroup.com/.About ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of Fortune's Most Admired Companies for the seventeenth year and one of the World's Most Ethical Companies for the tenth year, confirming our position as the most trusted brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com.

Global analysis combines data and expert insights to help companies identify the workforce potential The Total Workforce Index™ analyzes more than 100 factors to evaluate skills availability, cost efficiency and workforce productivity in 76 countries and territories.Discover Vietnam's Total Workforce Index Full Infographic here.Vietnam, 19 December 2019 – The Total Workforce Index™ 2019 (TWI 2019) of ManpowerGroup, a global workforce solutions company, reveals Vietnam ranks 57th across the globe in 2019 (versus 43rd in 2018) and 13th across the Asia Pacific region this year (versus 12th in 2018) for sourcing, hiring and retaining workforce skills. According to TWI 2019, the Average Monthly Wage of Vietnamese workforce is about 242 USD per month and Manufacturing Wages is 238 USD per month as compared to Regional Average 1,801 USD per month.Notably, Vietnamese highly skilled workforce in 2019 makes up 11.6% of the local total workforce 57.5 million, an increase from 10.8% in 2018. The Vietnamese permanent workforce accounts for 41% while the local contingent workforce accounts for 57% of Vietnamese total workforce.The Total Workforce Index™ is the only index of its kind that analyzes over 100 factors across 76 markets for a comprehensive and comparative view of four key factors: Workforce Availability, Cost Efficiency, Workforce Productivity and Regulation. As the competitive, economic and regulatory landscapes continue to shift at rapid pace, the Total Workforce Index™ has evolved to provide insights into the availability of the best, diverse talent and in-demand skills in each market, while incorporating the ease of skilled talent migration and tax policy factors.“In an increasingly complex global market, access to skilled talent is a priority for organizations looking to build or grow their business,” Simon Matthews, Country Manager, ManpowerGroup Vietnam, Thailand and The Middle East shared: “Whether the priority is a specific tech skilled workforce or setting up a remote work hub, we can use the index to provide companies with data that helps them to make better and faster strategic decisions. Through the combination of data and expert analysis, organizations can ensure their workforce and business strategies work as one.” Organizations can customize and adapt the Total Workforce Index™ to include the factors most relevant to them to help solve their pressing workforce challenges. TWI can provide answers to questions from the broad to the specific from “Where can I find skilled workers as my organization moves to automated processes?” to “Where should we put our next call center?”According to TWI 2019, Singapore, Hong Kong and New Zealand are the top three markets for business development in the APAC region and globally. Hong Kong and Singapore rank highly for larger talent pools and support of flexible working conditions versus markets with new tax policies and labor laws.View the full Total Workforce Index™ 2019 report at https://www.manpowergroupsolutions.com/twi for the full rankings on markets most favorable to conduct business.About ManpowerGroup ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of Fortune's Most Admired Companies for the seventeenth year and one of the World's Most Ethical Companies for the tenth year, confirming our position as the most trusted brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com.For more information please contact: Ms. Nguyen Dinh Hoang YenMarketing and PR Manager ManpowerGroup VietnamTel: +84 28 3911 0950 (ext. 125)