Bulgaria Moves Up in ManpowerGroup Solutions’ Total Workforce Index*; Ireland, Norway and UK Rank as Top Spots for Talent
The ManpowerGroup (NYSE: MAN) Solutions Total Workforce Index™ 2018 reveals Ireland, Norway and the UK as top labor markets across the globe for sourcing, hiring and retaining workforce skills. Bulgaria moves up with nine positions ranking 39th globally and 23rd in the total workforce regional ranking.
In an increasingly complex global market, access to skilled talent is a priority for organizations looking to build or grow their business. The Total Workforce Index™ is the only tool of its kind to use Big Data combined with expert insight to compare workforce potential across markets by evaluating the skills availability, cost efficiency and workforce productivity of both permanent and contingent labor sources in 75 countries.
In the permanent workforce index ranking our country takes the 43rd place, or two positions up compared to 2017, and 52nd (5 positions up compared to 2017) in the contingent workforce index ranking which includes all non-traditional worker categories from informal (‘Gig Economy’ workers), contract, part-time and temporary labor. You can find Bulgaria’s full market profile at https://www.manpowergroupsolutions.com/twi/market-report?market=Bulgaria
The Index uses a proprietary formula that can be customized to respond specifically to an organization’s most pressing workforce priorities. These can range from sector specific skills challenges and the impact of shifting regulations to flexible scheduling and changing wages by location across sectors from oil and gas to IT and manufacturing.
View the full Total Workforce Index™ 2018 report at https://www.manpowergroupsolutions.com/twi for the full rankings on markets most favorable to conduct business.
• APAC – Hong Kong, New Zealand, Singapore are the top 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.
• AMERICAS -The United States and Canada claim the top two rankings in the Americas region due to their mature workforces, followed by Chile, Mexico and Puerto Rico. Across South and Central America, micro market shifts and significant legislative changes can increase hiring complexity. The lowest ranked countries across the TWI globally are also in the Americas: Brazil, Honduras, Bolivia and Venezuela. Only the U.S. and Canada rank in the global top 10 – at 4th and 6th respectively.
• EMEA – The top five ranked countries in the region are the UK, Ireland, Estonia, United Arab Emirates and Israel. All of these countries bar Israel rank in the top 10 globally. Increasing access to education and investment in skills development have contributed to the workforce potential across the region.
About the Total Workforce Index™
The Total Workforce Index™ (TWI) uses a proprietary formula to measure the relative ease of sourcing, hiring and retaining a workforce in competing labor markets around the world. The TWI compiles more than 90 key factors which relate to the Availability, Cost Efficiency, Regulation and Productivity of the workforce of each country. Unlike any other Workforce Index, the Total Workforce Index™ considers the entire workforce and not a single segment of the workforce in each country. The inclusion of the complete workforce allows for segmentation to review and analyze the contingent and permanent workforce considerations, in addition to the sum of these two workforce segments.
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 70 years. In 2018, ManpowerGroup was named one of the World’s Most Ethical Companies for the ninth year and one of Fortune’s Most Admired Companies for the sixteenth year, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com
About ManpowerGroup Bulgaria
ManpowerGroup Bulgaria is part of ManpowerGroup® and one of the leaders on the Bulgarian market in contingent and permanent recruitment solutions, staff assessment, RPO and career consulting. With branches in Sofia, Plovdiv, Burgas and Varna, ManpowerGroup Bulgaria has provided organisations in the country with a continuum of staffing solutions for twelve years now, working with businesses from all industry sectors. In the Human Age, where talent has replaced access to capital as the key competitive differentiator, ManpowerGroup Bulgaria leverages its trusted brand to develop a rich talent pool, providing clients with access to the people they need, fast. By creating powerful connections between organisations and talents, we help everybody achieve more than they imagined, and power the world of work: www.manpower.bg