INTRODUCTION
Differentiating and diversifying workforce strategies to create the right combination of skills, workforce mix and labor markets will help organizations face rapidly evolving markets. The Total Workforce Index™ (TWI) provides a vital edge in the race for talent focusing short, medium and long-term investments on labor markets with the most potential in sectors or skill sets that will shape fast-changing business environments.
This year’s TWI provides clarity across far-reaching challenges: rising demand, cost of living increases, wage pressure, continued low unemployment rates, changing demographics, the impact of regulatory change on cost and availability of talent and intense competition for skilled labor. As always, the TWI accounts for geopolitical realities, although it is worth noting that the workforce impacts of the Israel-Hamas war are not yet fully known.
As organizations focus on growing and scaling their businesses, ManpowerGroup Talent Solutions can partner with you to define the right workforce mix and help you attract, assess, develop and retain talent.
Leveraging the Total Workforce Index™
Just as the Gross Domestic Product (GDP) of a market is used as an economic indicator; the Total Workforce Index™ may be used as an indicator of workforce potential. Total Workforce Index™ rankings provide important perspectives and insights that can influence both short- and long-term strategies involving workforce procurement, including:
Remote Work Allocation
Organizational Restructuring
Location Strategy
Direct Sourcing Strategy
Crowdsourced Sourcing Strategy
Capacity Planning
Diversity and Inclusion
Workforce Mix
Cost Savings
Compliance
See more WorkForce Results (mpgtalentsolutions.com)
2023 Total Workforce Index™
The annual analysis of the Total Workforce Index™ scores over 60 global workforce markets based on over 200 unique factors. From the TWI data, ManpowerGroup Talent Solutions develops country and regional profiles based on how markets score in each of the four categories (Availability, Cost Efficiency, Regulation, and Productivity).
Explore the latest Total Workforce Index™ of Vietnam to gain insights into this dynamic country's labor market.