New Ways of Working are Emerging, Yet Inequality and the Skills Gap are Widening

ManpowerGroup calls for new thinking in the labour market to capitalise on opportunities created by technological disruption and to address polarisation of the workforce

AUSTRALIA: 21 January 2016 – The polarisation of the labour market is widening according to ManpowerGroup (NYSE: MAN) in its report published today: Human Age 2.0: Future Forces at Work. A perfect storm of structural and cyclical forces, from shifting demographics to rapid globalisation and technological revolutions, coupled with a highly uncertain business environment, is knocking labour markets out of sync. The result: High unemployment alongside unfilled jobs, rising productivity with stagnant wages, and economic recovery with declining upward mobility for many. The skills of the workforce are out of pace with business needs.

Bridget Beattie, Executive Vice President Asia Pacific Middle East at Right Management said, “In this time of certain uncertainty, a new world of work is emerging. Only those organisations with the agility and talent to adapt and capitalise on these new conditions will remain competitive. That is why having the right talent at the right time is more crucial to businesses than ever before. However, the shifting demographics and dynamics of the workforce, the growing power of employees, and the impact technology has had on the world of work is challenging even the most tried and tested talent management strategies of the past. In the Human Age 2.0, organisations need a different approach to workforce strategy if they are to win the talent war.”

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Right Management is the global career and talent development expert within ManpowerGroup (NYSE: MAN).  We help organizations become more agile, attractive and innovative by creating a culture of career management and learning that nurtures future talent, motivates and engages people, and provides individuals with opportunities to increase their value throughout their careers.  We improve time to value through our expertise in organizational effectiveness, career management and individual development.  Our approach is centered on the fact that organizations thrive when individuals are successful in their careers.  We’ve spent the last 35 years identifying workforce challenges and developing innovative solutions, enabling our globally informed methods to be time-tested across more than 50 countries.