Istanbul — June 5
ManpowerGroup, a workforce services firm and World Economic Forum (WEF) partner, pushed business leaders attending the 2012 WEF on the Middle East, North Africa and Eurasia to improve the state of the workforce in the region by personally investing in students to improve their state of job-readiness.
“Candidates must transition their focus from job security, a short-term mindset, to career-long employment security,” said David Arkless, ManpowerGroup president of corporate and government affairs, while hosting the breakfast session.
Also, while leading a subsequent session, “Youth Employment Crisis — Time for Action,” which was moderated by Nik Gowing of BBC World News, Arkless summarized how collaboration across industries, governments and between employers and individuals is needed to identify and up-skill workforces across regions.
Many companies still don’t recognize the ROI offered by training when compared to the causal effect of not hiring or training new workers to replace retiring workers, according to a new ManpowerGroup survey on training. It found that 60 percent of companies in the European region and more than 50 percent globally just don’t have formal training or apprenticeships.
Six in 10 European companies offer no formal training or apprenticeship program, ManpowerGroup’s survey also reported. Slightly less than half the companies in the rest of the world offer no training whatsoever.
Successful companies forecast their talent needs years in advance and build a robust workforce strategy to ensure they will have the talent they need to win. Companies today must detail skills currently needed and factor their business goals and variables, according to ManpowerGroup, such as understanding internal supply and factoring the amount of natural churn due to retirees.
Weighing all this together will enable companies to develop effective training.