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ManpowerGroup has called for greater collaboration between business, government and education to implement effective training and development programmes that will drive Latin America's future growth.
Monica Flores, regional managing director of the firm’s Latin America division, said: “Educational institutions alone do not have the knowledge, reach or resources to overcome skills mismatches, unlock Latin America's vast human potential and develop the region's talent pipeline.”
Ms Flores leads the company's delegation to the World Economic Forum on Latin America where she led discussions on “Education for Employment.” She addressed how education and training can better equip people in the region for skilled and productive employment.
“To succeed long-term, Latin American employers and educational institutions need to work together more closely to develop programs that effectively train and upskill the regional talent pool. Targeted government funding needs to support and incentivize those programs that are closely aligned with current and future business needs, and focus on specific outcomes to simultaneously tackle unemployment and address talent shortages,” said Ms Flores.
ManpowerGroup's 2012 Talent Shortage Survey found that employers in the Americas report greater levels of difficulty filling jobs than the global average — with 71% of employers in Brazil struggling with this issue. Despite these talent shortages, women remain a severely under-leveraged resource in Latin America.
“Research shows that companies with a high percentage of women fare better than competitors. To tap into this vital talent pool, businesses should act now to update their outdated people practices and work models to offer women the flexibility they need to achieve their potential,” added Ms Flores.