The Global Talent Market Quarterly provides a summary of the current economic and labor market conditions around the world and gives insight into how they might impact you.
Kelly´s Global Talent Market Quarterly provides a summary of the current economic and labor market conditions around the world and gives insight into how they might impact you.
The Global Talent Market Quarterly provides a summary of the current economic and labor market conditions around the world and gives insight into how they might impact you.
The Global Talent Market Quarterly provides a summary of the current economic and labor market conditions around the world and gives insight into how they might impact you.
Kelly´s Global Talent Market Quarterly provides a summary of the current economic and labor market conditions around the world and gives insight into how they might impact you.
The Global Talent Market Quarterly provides a summary of the current economic and labor market conditions around the world and gives insight into how they might impact you.
2014 is expected to be a modestly stronger year for the global economy, with GDP growth projected to surpass 3%. The expansion will be led by a moderate strengthening in North America and the slow but steady recovery in Western Europe. On the other hand, many emerging markets continue to face challenges including structural issues and political turmoil that are limiting growth.
This is the "headline" of the Q2 Global Talent Market Quarterly. Have a look at the new report .
South Africa’s growth outlook has improved, but this is largely due to short-term cyclical factors. structural reforms are needed to push the growth rate sustainably higher.
In the July-August 2014 Issue of Economy Matters, we track the economic developments in US and China in Global Trends. In the section on Domestic Trends, we discuss the trends emanating out of the recent releases on IIP, Inflation, Fiscal, Trade & Monetary Policy. The Sectoral spotlight for this issue is on the Implications of Jobless Growth. In Focus of the Month, the spotlight is on Textiles Sector. Special Feature discusses the importance of Hospitality Sector in India.
CII’s flagship monthly publication Economy Watch has been now revamped and rechristened as ‘Economy Matters’. Apart from encompassing all the key features of the old version, the new issue also carries a new section on Corporate Profitability to keep readers abreast about the latest trends in corporate performance. The ‘Economy Matters’ brought out by CII Research seeks to provide an in-depth update on current trends in the domestic and international economy and helps in tracking policy developments and understanding industry dynamics.
The Asia Pacific Capital Markets report provides an in-depth look at the performance of the region’s property markets, examining the economic backdrop, key occupier markets, investment performance and trends affecting the geographies across the region.
The CII ASCON survey results for the quarter, January - March FY16, reveals an improvement in growth trends in terms of production in the Q4 FY16 quarter over the corresponding quarter a year ago. The current trends also point towards a bottoming out of growth trends in the majority of sectors.
Chart pack for the Ulster Bank Northern Ireland PMI January 2018 including analysis of global, eurozone, UK, NI and Republic of Ireland economic performance
Ulster Bank Northern Ireland PMI - April 2018 SlidepackRichard Ramsey
Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector. April 2017 Survey Update. Richard RamseyChief Economist Northern Ireland. Issued 14th May 2018.
Purchasing Managers’ Indexes (PMIs) are monthly surveys of private sector companies which provide an advance indication of what is happening in the private sector economy by tracking variables such as output, new orders, employment and prices across different sectors.
Ulster Bank Northern Ireland PMI - March 2018 SlidepackRichard Ramsey
Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
March 2017 Survey Update
Issued 16th April 2018
Political risk outlook investment pack - March 2014 - slideshareDamian Karmelich
The Political Monitor monthly political risk outlook pack examines key political trends and events likely to shape markets in the month ahead. It includes political risk scores, indices and analysis of the interplay between politics & markets.
In 2015, 9 in 10 of job entrants have been from Multicultural segments (vs. 8% WNH) adding 84% of the US incremental personal income. For every 1 WNH job entrant since 2010 there were 11 Multicultural job entrants. The US Civilian Labor Force (CLF) is now 35% Multicultural. The entire CLF expansion since 2010 came from Multicultural segments while WNH continued to exit the CLF. The 60% of all US job growth came from the Top 10 Total Market states
The first chapter of the Survey contains an examination of the macroeconomic performance of and outlook for the Asia-Pacific region, analyzing the implications of some of the economic challenges that the region is facing. It also contains a discussion on several policy options, with emphasis on the importance of fiscal policy. The chapter also includes an examination of the impact of the recent economic slowdown in the Asia Pacific region in terms of its effects on poverty, inequality and employment prospects, along with challenges posed by an expanding middle class and rapid urbanization. In the second chapter, the diversity of the region is considered by providing a more disaggregated analysis of economic issues and challenges that each of the five sub regions is facing. In doing so, a distinct issue is the focus for each sub region, which provides an opportunity for increased understanding of a variety of experiences and policy considerations. Finally, the third chapter contains analyses on the importance of productivity in the Asia-Pacific region and a set of policy recommendations on how to strengthen productivity growth.
2014 is expected to be a modestly stronger year for the global economy, with GDP growth projected to surpass 3%. The expansion will be led by a moderate strengthening in North America and the slow but steady recovery in Western Europe. On the other hand, many emerging markets continue to face challenges including structural issues and political turmoil that are limiting growth.
This is the "headline" of the Q2 Global Talent Market Quarterly. Have a look at the new report .
South Africa’s growth outlook has improved, but this is largely due to short-term cyclical factors. structural reforms are needed to push the growth rate sustainably higher.
In the July-August 2014 Issue of Economy Matters, we track the economic developments in US and China in Global Trends. In the section on Domestic Trends, we discuss the trends emanating out of the recent releases on IIP, Inflation, Fiscal, Trade & Monetary Policy. The Sectoral spotlight for this issue is on the Implications of Jobless Growth. In Focus of the Month, the spotlight is on Textiles Sector. Special Feature discusses the importance of Hospitality Sector in India.
CII’s flagship monthly publication Economy Watch has been now revamped and rechristened as ‘Economy Matters’. Apart from encompassing all the key features of the old version, the new issue also carries a new section on Corporate Profitability to keep readers abreast about the latest trends in corporate performance. The ‘Economy Matters’ brought out by CII Research seeks to provide an in-depth update on current trends in the domestic and international economy and helps in tracking policy developments and understanding industry dynamics.
The Asia Pacific Capital Markets report provides an in-depth look at the performance of the region’s property markets, examining the economic backdrop, key occupier markets, investment performance and trends affecting the geographies across the region.
The CII ASCON survey results for the quarter, January - March FY16, reveals an improvement in growth trends in terms of production in the Q4 FY16 quarter over the corresponding quarter a year ago. The current trends also point towards a bottoming out of growth trends in the majority of sectors.
Chart pack for the Ulster Bank Northern Ireland PMI January 2018 including analysis of global, eurozone, UK, NI and Republic of Ireland economic performance
Ulster Bank Northern Ireland PMI - April 2018 SlidepackRichard Ramsey
Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector. April 2017 Survey Update. Richard RamseyChief Economist Northern Ireland. Issued 14th May 2018.
Purchasing Managers’ Indexes (PMIs) are monthly surveys of private sector companies which provide an advance indication of what is happening in the private sector economy by tracking variables such as output, new orders, employment and prices across different sectors.
Ulster Bank Northern Ireland PMI - March 2018 SlidepackRichard Ramsey
Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
March 2017 Survey Update
Issued 16th April 2018
Political risk outlook investment pack - March 2014 - slideshareDamian Karmelich
The Political Monitor monthly political risk outlook pack examines key political trends and events likely to shape markets in the month ahead. It includes political risk scores, indices and analysis of the interplay between politics & markets.
In 2015, 9 in 10 of job entrants have been from Multicultural segments (vs. 8% WNH) adding 84% of the US incremental personal income. For every 1 WNH job entrant since 2010 there were 11 Multicultural job entrants. The US Civilian Labor Force (CLF) is now 35% Multicultural. The entire CLF expansion since 2010 came from Multicultural segments while WNH continued to exit the CLF. The 60% of all US job growth came from the Top 10 Total Market states
The first chapter of the Survey contains an examination of the macroeconomic performance of and outlook for the Asia-Pacific region, analyzing the implications of some of the economic challenges that the region is facing. It also contains a discussion on several policy options, with emphasis on the importance of fiscal policy. The chapter also includes an examination of the impact of the recent economic slowdown in the Asia Pacific region in terms of its effects on poverty, inequality and employment prospects, along with challenges posed by an expanding middle class and rapid urbanization. In the second chapter, the diversity of the region is considered by providing a more disaggregated analysis of economic issues and challenges that each of the five sub regions is facing. In doing so, a distinct issue is the focus for each sub region, which provides an opportunity for increased understanding of a variety of experiences and policy considerations. Finally, the third chapter contains analyses on the importance of productivity in the Asia-Pacific region and a set of policy recommendations on how to strengthen productivity growth.
September 2016 U.S. employment update and outlookJLL
Despite employment growth in August falling below expectations, the overall U.S. unemployment rate held steady at 4.9 percent as growth in the workforce aligned with employment gains.
Análisis de la progresiva recuperación de los mercados internacionales de la perspectiva del empleo, la económica y el nivel de productividad de las empresas.
Alejandro Werner - Latin America and the Caribbean.
FGV’s Brazilian Institute of Economics (IBRE) held, on 19 September 2014, the international seminar “Latin America and new global economic conditions”.
The event addressed the issue of Latin American perspectives given imposed change, among other factors, caused by the slowdown in China and the gradual normalization of US monetary policy.
The meeting was organized in three panels, which included national case studies from Argentina, Brazil, Chile, Colombia and Mexico.
Visit FGV/IBRE's website at: http://www.fgv.br/ibre
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
The unemployment rate dropped yet again in June, to 6.1 percent. However, total unemployment, which dropped only 10 basis points in June to 12.1 percent, is still double that official rate.
Total non-farm employment increased by 288,000 jobs, making June the fifth consecutive month of growth over 200,000 net new jobs. And, this growth was diverse, with the top three industry markets contributing only one-half of new jobs, and all but two subsectors showing net growth.
See more employment data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.
Additional office market research at: http://bit.ly/1znn4KF
China - A Country in Transition to a New Normaltutor2u
This is a revision presentation on key developments in the Chinese economy - designed for A level economics students preparing for their exams in June 2016
De Hays Global Skills Index is een gedetailleerd rapport dat de uitdagingen op de wereldwijde arbeidsmarkt in kaart brengt. De knelpunten en mismatches van 31 lokale arbeidsmarkten worden blootgelegd en de aanbevelingen in het rapport dienen als advies voor overheden, organisaties, onderwijsinstellingen en overige stakeholders.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2015 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
Global Wage Report 2014/15 - Asia and the Pacific SupplementDr Lendy Spires
Wages in Asia and the Pacific have risen almost two-and-a-half fold since the beginning of the century. For the region’s 706 million wage workers and their families, these substantial wage gains have helped to translate economic dynamism into higher incomes and living standards – although inequality remains a concern and the benefits have not been shared as widely as would have been possible.
The Hays Global Skills Index offers important insights into the puzzle that is the global skills landscape. Use the Index to understand the talent gaps your business may be facing, enabling you to develop the skills pipeline you need to ensure you have the best workforce for today, and tomorrow: http://www.hays-index.com/
As a pioneer in the staffing industry, and in the study of workforce preferences, Kelly takes a high-level look at collaboration as it pertains to the global worker today. In addition to analyzing worker preferences and psychographic insights based on survey data from the 2015 and 2014 Kelly Global Workforce Index™ (KGWI), this report pulls insights from Kelly Free Agent research (2015) survey data and other research sources. Unless otherwise noted, all statistics come from recent Kelly workforce research data.
Maßnahmen gegen den Fachkräftemangel in Europa in den Bereichen Mathematik, Informatik, Naturwissenschaft und Technik: Warum eine Strategie der Inklusion entscheidend ist.
Wenn wir den massiven Fachkräftemangel in den MINT-Berufen (Mathematik, Informatik, Naturwissenschaft und Technik) in Europa lindern wollen, müssen wir schleunigst damit beginnen, mehr Frauen einzustellen. Und wir müssen dabei an einem Strang ziehen. Zur Optimierung des MINT-Talentepools durch größere Diversität bedarf es jedoch mehr als nur ein wenig zusätzlicher Mühe bei der Personalanwerbung. Vor allem gilt es, ein Klima der Inklusion zu schaffen, das die Einstellung und Bindung von Frauen in der MINT-Branche begünstigt. Gleichzeitig müssen Unternehmen die Beseitigung von Vorurteilen und Barrieren zur Priorität erheben und zur Chefsache erklären; Führungskräfte müssen aktive Unterstützung leisten und institutionelle Verantwortung übernehmen. Des Weiteren ist es von wesentlicher Bedeutung, Frauen in diesen Berufen ein besseres Mentoring zu bieten und die Diversität weiter zu erhöhen. Denn es steht eine ganze Menge auf dem Spiel – und das betrifft nicht nur Ihr Unternehmen, sondern die Zukunft der Branche in ganz Europa.
Als Pionier auf dem Gebiet der Personaldienstleistungen und der Erforschung von Arbeitnehmervorlieben bietet Kelly Services eine umfassende Analyse, die verdeutlicht, weshalb es so wichtig ist, gegen die Unterrepräsentation von Frauen in Europas MINT-Branche anzugehen. Dabei untersuchen wir auch, welche Faktoren Unternehmen berücksichtigen müssen, um diese Spezialistinnen langfristig zu binden.
Neben der Analyse von Arbeitnehmervorlieben und psychographischen Einblicken auf Grundlage der Umfrageergebnisse aus dem Kelly Global Workforce Index von 2014 und 2015 werden in diesem Bericht auch Erkenntnisse aus der Kelly Free Agent Research-Studie von 2015 und sekundären Quellen berücksichtigt. Sofern nicht anders angegeben, stammen alle Statistiken aus aktuellen Arbeitsmarktstudien von Kelly.
The Kelly Global Workforce Index (KGWI) is an annual global survey that is the largest study of its kind. In 2015, Kelly collected feedback from 164,000 workers across 28 countries across the Americas, EMEA, and APAC regions and a multitude of industries and occupations.
This study is taking a high level look at:
- Work-Life Design as it pertains to the global worker today.
- Women in STEM Talent Gap - a study that at the gap of women talent in STEM – Science, Technology, Engineering and Math – fields.
- Career Management – specifically the emerging trend of do-it-yourself (“DIY”) career development – as it pertains to the global worker seeking to be as resilient as possible in today’s uncertain environment
- Collaborative Work Environment as it pertains to the global worker today.
Here is our second global report on the topic Women in STEM.
The Impact of Artificial Intelligence on Modern Society.pdfssuser3e63fc
Just a game Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?
Want to move your career forward? Looking to build your leadership skills while helping others learn, grow, and improve their skills? Seeking someone who can guide you in achieving these goals?
You can accomplish this through a mentoring partnership. Learn more about the PMISSC Mentoring Program, where you’ll discover the incredible benefits of becoming a mentor or mentee. This program is designed to foster professional growth, enhance skills, and build a strong network within the project management community. Whether you're looking to share your expertise or seeking guidance to advance your career, the PMI Mentoring Program offers valuable opportunities for personal and professional development.
Watch this to learn:
* Overview of the PMISSC Mentoring Program: Mission, vision, and objectives.
* Benefits for Volunteer Mentors: Professional development, networking, personal satisfaction, and recognition.
* Advantages for Mentees: Career advancement, skill development, networking, and confidence building.
* Program Structure and Expectations: Mentor-mentee matching process, program phases, and time commitment.
* Success Stories and Testimonials: Inspiring examples from past participants.
* How to Get Involved: Steps to participate and resources available for support throughout the program.
Learn how you can make a difference in the project management community and take the next step in your professional journey.
About Hector Del Castillo
Hector is VP of Professional Development at the PMI Silver Spring Chapter, and CEO of Bold PM. He's a mid-market growth product executive and changemaker. He works with mid-market product-driven software executives to solve their biggest growth problems. He scales product growth, optimizes ops and builds loyal customers. He has reduced customer churn 33%, and boosted sales 47% for clients. He makes a significant impact by building and launching world-changing AI-powered products. If you're looking for an engaging and inspiring speaker to spark creativity and innovation within your organization, set up an appointment to discuss your specific needs and identify a suitable topic to inspire your audience at your next corporate conference, symposium, executive summit, or planning retreat.
About PMI Silver Spring Chapter
We are a branch of the Project Management Institute. We offer a platform for project management professionals in Silver Spring, MD, and the DC/Baltimore metro area. Monthly meetings facilitate networking, knowledge sharing, and professional development. For event details, visit pmissc.org.
This comprehensive program covers essential aspects of performance marketing, growth strategies, and tactics, such as search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing, social media marketing, and more
4. GLOBAL ECONOMIC OUTLOOK
Softer first quarter growth in key countries including the U.S. and China, and recessions in Russia and South America, are moderating
the outlook for the global economy in 2015. Global growth is expected to remain essentially flat from its 2014 level, with a gradual
acceleration predicted in the following years.
Source: IHS Global Insight (April 2015)4
AMERICAS
While the outlook for North American markets is
modestly healthy in 2015, recessionary conditions
are projected for large South American economies
including Brazil, Argentina, and Venezuela.
EMEA
Growth will be supported by the Eurozone
recovery and ongoing strength in the UK/Ireland,
but lower oil prices along with military and
political turmoil are causing significant economic
challenges in Russia and the Middle East.
APAC
China’s decelerating growth is being offset by an
economic revival in India, keeping regional
performance high. Growth in other key APAC
economies, including Japan and Australia, is
expected to be somewhat subdued but still
healthy.
2.8% 2.8%
3.3%
3.5%
2.1% 2.2%
2.5%
2.7%
1.7% 1.6%
2.4%
2.7%
4.8% 4.8%
5.1% 5.1%
0%
1%
2%
3%
4%
5%
6%
2014 (e) 2015 (p) 2016 (p) 2017 (p)
REAL GDP GROWTH BY REGION, 2014-2017(p)
World Americas EMEA Asia-Pacific
Global Talent Market Quarterly
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5. ECONOMIC BRIEFINGS
Growth prospects across markets are highly divergent, particularly among emerging markets. Robust expansion has pushed India
past China in growth, while Brazil and Russia have fallen into recession. The developed economies show a more graduated growth
pattern, led by the U.S. and U.K., with most Eurozone markets in a gradual recovery.
-6%-5%-4%-3%-2%-1% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9%10%
Russia
Brazil
Italy
Japan
France
Canada
Germany
Australia
U.K.
U.S.
China
India
REAL GDP GROWTH RATES, SELECTED MARKETS
Ranked by 2015(p) growth
2014(e)
2015(p)
2016(p)
5
Global GDP Growth
2015(p): 2.8%
Sources: IHS Global Insight (April 2015)
EMERGING MARKETS
The economy in INDIA continues to steadily improve, driven by ongoing policy
reforms, lower commodity prices, and business and infrastructure investments.
CHINA’s GDP growth is forecast to decelerate to 6.5% in 2015, in response to
overloads in areas including the housing market, industrial capacity, and debt.
BRAZIL faces a recession in 2015, with business and consumer sentiment at record
lows; the Petrobras corruption scandal has also had major negative repercussions.
The RUSSIAN economy will see a steep decline in 2015, with GDP contraction of
-5%, driven by falling oil prices, sanctions, and capital flight.
DEVELOPED ECONOMIES
The U.S. economy had a slow start to 2015, but data (particularly in consumer
spending and housing) point to a recovery in the last three quarters of the year.
The outlook for the U.K. is similarly healthy, as economic fundamentals remain
positive and wage growth is supporting consumer spending and confidence levels.
Economies in CANADA and AUSTRALIA will need to adjust to changes in the
natural resources sector, causing growth to moderate somewhat in 2015.
EUROZONE economic activity is slowly gaining momentum, aided by stimulus
measures and a depreciating euro; however, the risk of a Greek exit is rising.
JAPAN is also expected to rebound in 2015, led by an improvement in exports,
rising consumer activity, a weaker yen, and monetary stimulus.
Global Talent Market Quarterly
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7. GLOBAL LABOR MARKET UPDATE: AMERICAS
Labor market developments across the region reflect the markets’ varied economic climates, with a positive outlook for North
America and more challenging conditions in the larger South American countries.
Sources: IHS Global Insight (April 2015); Reuters, 04.23.15; Dow Jones, 04.27.15
7
UNITED STATES
After a relatively slow start to 2015, the pace of hiring is expected to pick up
over the rest of the year—but employment gains may not match the robust
260,000 new jobs per month trend seen in 2014.
BRAZIL
The Brazilian labor market snapped a three-month string of employment
declines in March 2015, but manufacturers, retailers and construction firms
continued to shed jobs. Unemployment is expected to rise to 5.5% in 2015.
CANADA
Canada’s employment picture remains relatively stable, with somewhat
surprisingly healthy job creation and level unemployment. One concern is the
growth of part-time employment at the expense of full-time positions.
MEXICO
The unemployment rate fell significantly in March, reflecting a positive
economic climate. Further large declines in unemployment are unlikely in the
near term, however, as more people are expected to join the labor force.
6.2%
5.5%
5.2% 5.2%
4.8% 5.5%
5.4% 5.4%
6.9% 7.0%
6.8%
6.6%
4.8% 4.8%
4.5%
4.3%
3%
4%
5%
6%
7%
8%
9%
2014 (e) 2015 (p) 2016 (p) 2017 (p)
AVERAGE ANNUAL UNEMPLOYMENT RATE
U.S. Brazil Canada Mexico
Global Talent Market Quarterly
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8. GLOBAL LABOR MARKET UPDATE: EMEA
Although the Eurozone economy is gradually recovering, labor market improvements have been slower to develop. The region does
have some standout labor market performers, including the U.K. and Germany.
Sources: IHS Global Insight (April 2015); EIU, 04.23.15
8
FRANCE
Despite an improving economy, France’s employment situation remains
precarious. Unemployment will remain high and job creation will be limited
due to the slow recovery, rigid labor market conditions, and high labor costs.
GERMANY
The labor market showed significant signs of improvement in the first part of
2015, with healthy employment gains and a falling jobless rate. The positive
momentum is expected to continue as the economy remains strong.
RUSSIA
Unemployment began to rise in the first quarter of 2015 as the economy
contracted. Although the jobless rate is expected to continue to climb, many
companies may prefer to institute wage cuts over job cuts if possible.
UNITED KINGDOM
Employment growth accelerated in the first part of 2015 and the jobless rate
continued on its steady downward trend. Healthy economic activity is
expected to keep the demand for labor robust, driving skills shortages.
10.2% 10.2% 9.9%
9.6%
6.7%
6.3%
6.1% 5.9%
5.2%
6.6% 6.7%
5.8%
6.2%
5.4%
5.0% 4.9%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
2014 (e) 2015 (p) 2016 (p) 2017 (p)
AVERAGE ANNUAL UNEMPLOYMENT RATE
France Germany Russia U.K.
Global Talent Market Quarterly
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9. GLOBAL LABOR MARKET UPDATE: APAC
The outlook across APAC labor markets is largely positive, with steady job creation and relatively low unemployment expected to
persist. Skills shortages are increasing along with the ongoing and rising demand for higher skilled workers.
Sources: IHS Global Insight (April 2015); EIU, 04.17.15; Reuters, 04.24.15
9
AUSTRALIA
The Australian economy added more than 75,000 jobs in February and
March combined, and the unemployment rate fell to 6.1%. However, these
gains may not be sustained as labor market conditions remain volatile.
CHINA
Despite a slowing economy, employment remained relatively steady in Q1
2015. Still, the labor ministry said that the pace of urban job creation is
slowing and it aims to implement policies that will help spur employment.
INDIA
Competition for higher-level talent—particularly technology professionals—
continues to increase. As a result, recruitment and retention strategies that
target professional workers are becoming much more important.
JAPAN
Job cuts are decreasing and hiring trends are healthy, driving up job
availability rates. Employment demand will keep the unemployment rate
low, as well as fuel shortages of high-skilled labor.
6.1%
6.4%
6.1%
5.6%
4.1% 4.2% 4.3% 4.2%
8.8%
8.4%
7.8%
7.4%
3.6% 3.6% 3.5% 3.9%
3%
4%
5%
6%
7%
8%
9%
10%
2014 (e) 2015 (p) 2016 (p) 2017 (p)
AVERAGE ANNUAL UNEMPLOYMENT RATE
Australia China India Japan
Global Talent Market Quarterly
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10. LABOR MARKET SPOTLIGHT: GLOBAL SKILLS SHIFTS
Source: World Employment and Social Outlook 2015, ILO
10
CHANGING DYNAMICS OF GLOBAL TALENT
Higher skilled jobs continue to capture a larger share of the
global labor mix, according to the ILO. High skill occupations
now comprise more than 18% of current global employment—
a share that is predicted to rise. The share of high-skilled
occupations varies widely across geographies, from less than
10% of employment in Sub-Saharan Africa to around 15% in
Asia and almost 40% in developed economies.
Medium-skilled jobs, on the other hand, have remained stable
globally since the turn of the millennium. However, underlying
trends reveal a geographic shift in medium-skilled jobs, away
from developed economies toward markets in Asia and Africa
as they work to move up the value chain.
Some experts suggest the loss of mid-skilled jobs in advanced
economies is contributing to rising income inequality, as
employment opportunities shift both up and down the scale.
18%
37%
45%
GLO BAL S KILLS MIX
High Medium Low
-6
-4
-2
0
2
4
6
High Medium Low
GLOBAL SKILL S SHIFT
p p t . ∆ i n e m p l o y m e n t s h a r e
( 2 0 0 0 - 2 0 1 9 p )
-6
-4
-2
0
2
4
6
Global Developed
Economies/
EU
East Asia South Asia North Africa
MEDIUM - L EV EL SKILLS EMPLOYM EN T CHANGE
p p t . ∆ i n e m p l o y m e n t ( 2 0 0 0 - 2 0 1 3 )
• High-Skilled=Non-routine, cognitive occupations
• Medium-Skilled=Routine occupations
• Low-Skilled=Non-routine, manual occupations
98
100
102
104
106
108
I N C O M E I N E Q U A L I T Y I N
D E V E L O P E D E C O N O M I E S
a v e r a g e G i n i c o e f f i c i e n t , G 7
• Index: 2000=100
• Gini Coefficient: the most commonly used measure of income inequality;
higher score signifies greater inequality among a country’s population
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11. GLOBAL LEGISLATIVE UPDATE
Several markets have seen new regulations that seek to more clearly define the use of temporary workers; those in Slovakia, Poland, and
South Africa place limits on the length of temporary work contracts. In Australia, Mexico, and Puerto Rico, recent court rulings help clarify
those countries’ laws surrounding discrimination and sexual harassment.
Sources: SIA ROW and EU Legs and Regs Advisors, January 2015; SIA Daily News, 02.23.15, 04.02.15; IHS Global Insight 04.30.15; globalemploymentlaw.com
11
PUERTO RICO
The Puerto Rico Supreme Court
ruled that employers may adopt
their own regulations that go
beyond the requirements of the
national law that prohibits sexual
harassment in the workplace.
SLOVAKIA
Amendments to the labor code that affect
temporary employment took effect in March
2015. Among the provisions are equal pay for
temporary workers, changes to the rules about
paying travel expenses for temporary work, a
ban on temporary assignments for hazardous
work, and a 24-month cap on assignments.
SOUTH AFRICA
New provisions that clarify the meaning of
temporary work took effect in January 2015.
Under the new rules, temporary work should not
exceed three months; and may be used either as a
substitute for an employee who is temporarily
absent or to perform work that is determined to
be a temporary service by a collective agreement.
POLAND
The government approved a 36-month cap on
temporary employment contracts. This limit
applies to all work completed by a temporary
worker for a single employer, even if there are
gaps in the employment. After 36 months the
contract will automatically become indefinite.
ITALY
The cabinet approved certain key labor market
reforms that: ease firing restrictions for large private
sector firms; introduce a new type of permanent
contract that aims to reduce the use of temporary
contracts; and extend unemployment benefits for
temporary workers.
BRAZIL
The lower house of Congress approved a bill that would
allow companies to use contract workers for most of
their business functions (rather than just ancillary
activities currently). The controversial bill, which is
strongly opposed by labor unions and the leftist ruling
party, will now go to the Senate for approval.
MEXICO
The Supreme Court has ruled that
employers cannot discriminate in recruiting
staff on the basis of gender, age or
disability. The consequences of violation
include fines, compensatory damages and
even criminal penalties.
AUSTRALIA
A recent court ruling
reaffirmed that requesting
personal data—such as age or
gender—from job applicants
may breach the country’s
discrimination law.
Global Talent Market Quarterly
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13. HIRING DIPS IN MARCH
After twelve straight months of employment
gains above the 200,000 mark, the pace of job
creation slowed considerably in March.
Employers added just 126,000 workers to their
payrolls during the month, the lowest since
December 2013. The low figure, along with
downward revisions to January and February
hiring totals, brought average monthly job
creation to 197,000 for the first three months of
2015—well below the average pace of 324,000
per month in the last quarter of 2014 and
260,000 per month for the full year 2014.
LITTLE CHANGE IN UNEMPLOYMENT,
PARTICIPATION, AND EARNINGS
The unemployment rate has seen little change
over the first three months of 2015, and stands
at 5.5%—its lowest point since May 2008. Labor
force participation has remained in a narrow
range between 62.7% and 62.9% for nearly a
year. And hourly earnings growth continues to
average around 2%—compared to above 3% in
the years prior to the recession.
U.S. EMPLOYMENT CONDITIONS
EMPLOYMENT OVERVIEW
13
Source: U.S Bureau of Labor Statistics
U.S. MONTHLY EMPLOYMENT CHANGE AND UNEMPLOYMENT RATE
A SOFT PATCH—OR THE SHAPE OF THINGS TO COME?
The U.S. economy and labor market seem to have hit a soft patch to begin 2015, with several other indicators in addition to the jobs report—including
GDP, consumer and business investment, and manufacturing output—pointing towards some sluggishness. Experts have attributed the slowdown to
external factors such as harsh winter weather, softer global demand, and the weakening in the energy sector. It remains to be seen whether the economy
and the labor market will return to more robust growth levels during the spring and summer, or if these are signals of a decelerating trend.
OCT NOV DEC JAN FEB MAR
Total non-farm employment growth 221K 423K 329K 201K 264K 126K
Private sector employment growth 218K 414K 319K 202K 264K 129K
Unemployment rate 5.7% 5.8% 5.6% 5.7% 5.5% 5.5%
5
5.5
6
6.5
7
7.5
8
8.5
0
100
200
300
400
500
Mar
13
Apr
13
May
13
Jun
13
Jul
13
Aug
13
Sep
13
Oct
13
Nov
13
Dec
13
Jan
14
Feb
14
Mar
14
Apr
14
May
14
Jun
14
Jul
14
Aug
14
Sep
14
Oct
14
Nov
14
Dec
14
Jan
15
Feb
15
Mar
15
UnemploymentRate(%)
Employment(000s)
Total non-farm employment growth Unemployment rate
Global Talent Market Quarterly
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14. U.S. LABOR MARKET: SUPPLY AND DEMAND
14
U.S. MARKET - MONTHLY LABOR DEMAND VS. LABOR SUPPLY
Sources: Conference Board Help Wanted OnLine, Bureau of Labor Statistics
UnemployedWorkers
(inthousands)
OnlineJobAds
(inthousands)
FALLING SUPPLY/DEMAND RATIO SUGGESTS
TIGHTENING LABOR MARKET
The Conference Board reported a sharp increase in
the number of online advertised vacancies during
the first quarter of 2015, followed by a slight
slowdown in April. The worker supply/demand ratio
has fallen to just under 1.6 available workers per
online job vacancy – its lowest level since 2007.
IT, HEALTHCARE AND FINANCE OCCUPATIONS
IN SHORT SUPPLY
Looking at the ten largest online job categories,
computer/math, healthcare, and business/finance
occupations currently have the lowest supply/
demand ratios in the U.S. Current demand for each
of these occupations outstrips available supply,
with 2 to 5 online advertised job openings for every
unemployed job seeker.
FALLING OIL PRICES IMPACTING LABOR
MARKETS IN THE SOUTH
Demand for oil and gas extraction workers peaked
in the summer of 2014, but has fallen more than
60% during the past 7 months. Several southern
markets including Texas, Louisiana, and Oklahoma
have seen demand conditions soften as a result.
0
2000
4000
6000
8000
10000
12000
0
2000
4000
6000
8000
10000
12000
14000
16000
Jan11
Apr11
Jul11
Oct11
Jan12
Apr12
Jul12
Oct12
Jan13
Apr13
Jul13
Oct13
Jan14
Apr14
Jul14
Oct14
Jan15
# of Unemployed Workers # of Online Job Ads
“After 8 years, the US supply/demand rate is now back to its pre-recession best in March 2007,” — Gad
Levanon, Director of Macroeconomics and Labor Markets, The Conference Board
Global Talent Market Quarterly
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15. U.S. LABOR MARKET SPOTLIGHT: EMPLOYMENT BY AGE
15
WORKFORCE DEMOGRAPHICS
The aging of the workforce is a familiar story, but according to new
research by CareerBuilder, demographic and occupational shifts can be
seen at both ends of the age spectrum. Younger and older workers
alike have seen significant changes so far in the 21st century.
The number of jobs held by teenagers (ages 14-18) is down by 1.7
million, or 33%, since 2001. Teens have lost share in many occupations
that have been traditional after-school staples, such as dishwashers
and movie theater ushers. At the same time, millennials (ages 22-34)
have gained share in many of these types of occupations.
Older workers (ages 55+) have grown from 15% of the workforce in
2001 to 20% in 2014—a 40% increase. According to CareerBuilder,
older workers comprise at least one-quarter of the workforce in 210
occupations, up from 86 occupations in 2001. These occupations are
high on the list of anticipated talent shortages in the coming years.
Source: The Changing Face of US Jobs, CareerBuilder, 2015
4%
6%
29%
46%
15%
2001
14-18 years
19-21 years
22-34 years
35-54 years
55+ years
2%
6%
29%
43%
20%
2014
S H A R E O F U S E M P L O Y M E N T B Y A G E G R O U P
12%
14%
14%
32%
31%
23%
24%
23%
45%
45%
Ushers, Ticket Takers
Dishwashers
Food Prep/ Serving
Hosts/ Hostesses
Counter Attendants
2001
2014
A G E 1 4 - 1 8 S H A R E O F T O T A L E M P L O Y M E N T
(Incl. cafeteria, concessions,
coffee shops)
S E L E C T E D O C C U P A T I O N S W I T H H I G H
C O N C E N T R A T I O N O F W O R K E R S A G E 5 5 +
Clergy
47%
Librarians
44%
Chief
Executives
39%
Construction/
Building
Inspectors
38%
Tool & Die
Makers
35%
Physicists
34%
Judges
31%
Dentists
30%
Machinists
26%
Global Talent Market Quarterly
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17. THE IDEAL WORKPLACE
Employees across the globe are looking for a variety of non-traditional, collaborative, and technology-based approaches as they
think about the optimal setting in which to work. The Kelly Global Workforce Index shows that organizations that integrate
these features into their work environments may have greater success in attracting and retaining the best talent.
17 Source: Kelly Global Workforce Index 2014
UNDERSTANDING EMPLOYEES’ PREFERENCES
Workers across the globe were asked to identify what their ideal work
environment would look like as part of the 2014 Kelly Global Workforce
Index. Employees said that they most prefer a workplace that offers
collaboration and cross-functional teams (57%), followed by flexible work
arrangements (54%). Other top features include being able to use cutting-
edge technology, a creative/innovative culture, and virtual teams.
Among generations, older workers are less likely to prefer collaborative
environments, but slightly more likely to want flexible workstyles.
Differences appear among regions as well, with those in EMEA less
interested in both flexible work and virtual teams. And workers in STEM
occupations show a greater preference for a culture of innovation and the
ability to work with high-level equipment compared to the average
professional/technical worker. 37%
39%
44%
54%
57%
Virtual teams
Culture of innovation and creativity
Exposure to the latest
technologies/top-notch equipment
Flexible work arrangements
Highly collaborative environment
(cross-functional teams)
T O P F E A T U R E S O F I D E A L W O R K
E N V I R O N M E N T
40%
53%
58% 58%57% 58% 56%
51%
Silent
Generation
Baby
Boomers
Gen X Gen Y
Highly collaborative environment
Flexible work arrangements
DIFFER EN C ES BY GENERA TI ON
58%
43%
60%
38%
32%
47%
Americas EMEA APAC
Flexible work arrangements
Virtual teams
DIFFER EN C ES BY REGION
51% 48% 48%
44%
56% 55%
63%
46%
Science Engineering IT All P/T
Culture of innovation/creativity
Exposure to latest technologies/equipment
DIFFER EN C ES BY OCCUPATI O N
Global Talent Market Quarterly
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18. FREELANCE MANAGEMENT SYSTEMS
The online staffing space is now rapidly evolving with the emergence of Freelance Management Systems (FMS), which target the
needs of large enterprise clients seeking solutions to control risk and better manage their growing independent worker community.
18 Source: Staffing Industry Analysts
GREATER SUPPORT OF THE INDEPENDENT WORKFORCE
Traditional online staffing platforms got their start serving the needs of
small-to-mid-sized clients who were seeking a marketplace for bringing
together buyers and suppliers of independent worker (IW) talent.
Freelance management systems (FMS) go beyond just talent matching;
they function as workforce management platforms with tools to support
all aspects of IW engagement, from compliance and screening to
payment and performance measurement.
Online
Staffing
FMS
IW MARKETPLACE IW MANAGEMENT
MORE
LESS
RISKLEVEL
BUSINESS OBJECTIVE
FMS platforms are also integrating with VMS systems to support
the needs of their most sophisticated managed solutions clients.
An FMS offers end-to-end service and support to both enterprise
users and independent workers, whereas a VMS is primarily used
to manage vendors with limited value for independent workers.
Although online staffing platforms were originally geared towards
the SME market, FMS solutions are beginning to gain traction within
larger clients. On average, more than half of all FMS revenues are
coming from companies with at least $500M in revenue.
F M S S U P P O R T I N D E P E N D E N T W O R K E R
E N G A G E M E N T A N D R E D U C E R I S K S
VMS
Client
Vendors
Temporary
Agency
Workers
SOW
Consultants
FMS
Client
Independent
Workers
F M S + V M S A S P A R T O F A
C O M P R E H E N S I V E C O N T I N G E N T
W O R K F O R C E M A N A G E M E N T P R O G R A M
Global Talent Market Quarterly
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19. NEXT-GENERATION RPO
RPO clients have traditionally looked to providers to deliver cost savings and efficiencies in their core recruitment processes. As the
market matures, the focus is turning towards more value-added processes that provide greater impact across the client’s organization.
19 Source: Nelson Hall; Everest
RPO MOVING UP THE VALUE CHAIN
RPO contracts are becoming more than just
agreements to provide core recruitment services
in the most efficient and cost-effective way
possible. RPO is evolving to include higher-level
solutions that help to make HR more meaningful
and integrated with strategy at an enterprise level.
These value-added services include functions that
address the critical issue of candidate attraction
and retention, such as developing employer
branding strategies and creating talent
communities. Other services like workforce
planning and analytics functions provide clients
with the ability to elevate and optimize their talent
management processes using internal and external
market data and insights.
PAST FUTURE
• Cost Reduction
• Scalability
• Efficiency
• Effectiveness
• Business Impact
• Strategic Alignment
Core Recruitment
Services
• Sourcing
• Screening
• Interviewing
• Applicant Tracking
Core Recruitment PLUS
Value-Added Services
• Employer Branding
• Talent Communities
• Labor Market Data/
Analytics
• Workforce Planning
FOCUSSCOPE
INCREASING VALUE TO CLIENT
R P O M A R K E T E V O L U T I O N
70% of RPO providers say they will increase investments in analytics in next 12 months
30% of RPO providers are developing a portal to increase visibility of labor market data
0%
50%
100%
2007 2009 2014
RPO PROVIDERS OFFERING EMPLOYER
BRANDING SERVICES
Global Talent Market Quarterly
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20. Kelly offers a complete content library that advances the discussion and thinking around current trends, strategies, and issues
impacting global talent management.
To register for webcasts or for more information, visit www.kellyocg.com
Download The Talent Project, a free iPad ® app by Kelly Services.
TITLE PRESENTED BY: DESCRIPTION
Propelling Innovation
Chris Jock, VP & Global BPO Practice Lead,
KellyOCG
In leading organizations, innovation is both an investment
and a state of mind that is essential to success. Read this
report to discover the vital components of innovation and
the qualities that innovators possess.
Five Factors of the
Candidate Experience
Anne Marie Ryan, President, Employee
Research Group and Professor, Michigan
State University
This e-book provides an evidence-based look at what
matters most to candidates and what really impacts their
attraction to an organization, satisfaction with the hiring
process, and their decisions to accept offers and
recommend the organization to others.
Outsourcing Rigor
Juan Luevano, Director & Supply Chain &
Administrative Practice Lead, BPO, KellyOCG
Mike Koper, Manufacturing Solutions
Architect - BPO, KellyOCG
Regulation adds complexity to the outsourcing process. In
this paper, Kelly presents elements you can put in place to
help you make sure your outsourced business functions
meet regulatory expectations in the long term.
20
Global Talent Market Quarterly
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