Employers in the UK have ambitious plans to increase their headcount at a record rate as they enter the fourth and final quarter of 2021, according to the latest ManpowerGroup Employment Outlook Survey. However, the UK is also suffering from a serious skills shortage as employers look to fill roles from a shrinking candidate pool.
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In this episode we talk about the 2021 Total Workforce Index™ (TWI). What is it and what does it measure? And how can using it help organisations navigate change? Tune in to learn more about location strategy, balancing remote and onsite workers, restructuring decisions and meeting diversity and inclusion goals.
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As we look ahead to the new year, organisations in the UK are preparing for another quarter of record high hiring intentions. Despite employment outlook across the UK hitting a thirty-year high, employers are struggling to fill their vacancies, with talent shortages remaining the main challenge for organisations.
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For eight years, the Total Workforce Index™ (TWI) has measured the relative ease of sourcing, hiring and retaining contingent and permanent workers. It’s the only index of its kind to analyse over 200 factors across 75 competing labour markets, providing a comprehensive and comparative view of four key categories: Workforce Supply, Cost Efficiency, Regulation and Workforce Productivity.
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With the rise in demand for ongoing learning and development within the workplace, coaching is no longer seen as a luxury. Employees are seeking opportunities to grow and learn in their roles, while businesses must future-proof their workforces to create the best possible chance of sustained success in a changed world of work.
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A cultural change around learning and development is needed. Covid-19 has driven a change in the skills required for both individual and organisational success. Soft skills such as problem solving, adaptability and resilience have become even more essential, yet many need help and support in enhancing these qualities – support that still remains inaccessible for many.
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The employer-employee relationship is becoming increasingly unbalanced, with businesses recognising workers as consumers. Employees are taking the time to reflect on what they want from their jobs and the standards they expect from their employer. And any long-term or growing dissatisfaction with work is being met with the same response – an exodus of talent from businesses across all sectors.
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Business leaders strive to get the best out of their workforces but too often fall short. Research consistently shows that coaching makes a real impact on the productivity and fulfilment of employees. We surveyed 4,000 employees across Europe to understand the impact and importance of coaching.
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In the 30th anniversary edition of the ManpowerGroup Employment Outlook Survey in the UK, and 60th year globally, of more than 2,000 employers, all regions and industry sectors report a positive outlook. The UK Outlook is at a 30 year high of +32%, growing 2 percentage points quarter on quarter and 30 percentage points year on year.
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As organisations continue to struggle with finding the skilled talent required for success in a changed world of work, assessment should be playing a pivotal role in recruitment and talent management across all industries and sectors. Whether it’s hiring from an external talent pool or exploring scope for internal redeployment opportunities, having an unbiased and comprehensive assessment process in place is key to identifying the right person for each role, while enabling greater diversity, equity and inclusion.
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