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Companies should look to tap into diverse talent pools in order to respond more quickly to ever-changing market demand, according to Jeffrey A. Joerres, CEO of global recruitment firm ManpowerGroup, reports the Economic Times India.
Emphasising that a policy of ‘one size fits all’ is no longer the right approach: “Business leaders must consider which skills sets they need to execute their business strategy, and how best to close existing gaps,” commented Mr Joerres.
The comments were made while participating at the World Economic Forum’s (WEF) annual meeting in Davos, Switzerland.
According to a statement from ManpowerGroup, ever-changing technology and shifting demographics, among other things, have contributed to a marked imbalance in the labour market. Forward-looking employers who optimise diversified talent sources will remain agile and flexible. It will enable them to respond faster to ever-changing market demands.
Mr Joerres added: “Employers that tap into a wider range of skills across the entire talent ecosystem; full-time, part-time, contract, and virtual, will maintain a competitive advantage in the marketplace.”
Joerres was joined at Davos by Jonas Prising, ManpowerGroup President; Mara Swan, Executive Vice President, Global Strategy and Talent; and Hans Leentjes, President of Northern Europe. Sessions they led include:
- Reimagining Employment, focusing on solutions to youth unemployment and featuring leaders from regional governments, academic institutions and other civil society stakeholders.
- Gender Parity: From Momentum to Practice taking stock of how far gender parity has progressed globally and creating a gender equality strategy for the next 3-5 years that builds on the existing momentum, practices, tools and awareness.
- Human Capital Challenges for the 21st Century, exploring the critical human capital issues that sit at the intersection of labour supply and demand, which is seeing increasing imbalances.
- Solving the Employment Equation, examining the sectors, skills and policy innovations that can reduce structural unemployment. Dimensions addressed include improving employment and skills forecasting, and creating enabling environments for entrepreneurship.
ManpowerGroup’s views on these issues can be found via a series of news releases published on the company’s website over the past week.