MILWAUKEE, Nov. 12,
2024 /PRNewswire/ -- ManpowerGroup (NYSE: MAN) today
released the Global Talent Barometer, a robust new tool offering
unparalleled insights into workforce sentiment across 16 countries.
The overall Global Talent Barometer score of 67% was derived from
three key indices: Well-Being (64%), Job Satisfaction (63%), and
Confidence (74%). The Global Talent Barometer, which gathered data
from over 12,000 workers between April 15
and May 10, 2024, reveals a complex landscape of employee
well-being, job satisfaction, and confidence in the rapidly
evolving world of work.
"The employee-employer relationship is at a crossroads. People
expect work to offer them more. More balance. More options. More
humanity. More than just a paycheck," said ManpowerGroup Chief
Commercial Officer Becky
Frankiewicz. "While 80% of workers find meaning in their
roles, our data shows that purpose alone isn't enough to retain
talent. Employees are voting with their feet, seeking workplaces
that deliver on multiple fronts - from mental health support and
work-life balance to career development and skills training.
Organizations that can create these comprehensive, people-first
environments will not only retain top talent but drive innovation
in today's dynamic marketplace."
KEY FINDINGS
Well-Being
- Nearly half (49%) of all employees grapple with daily stress,
highlighting a critical well-being challenge for employers.
- People experiencing less daily stress are twice as likely to
remain in their current roles, emphasizing the importance of stress
management in talent retention strategies.
- Company culture alignment is strong, with 71% of employees
feeling connected to their organization's vision and values, yet
there's room for improvement in work-life balance, as only 65% feel
fully supported in this area.
Job Satisfaction
- A significant retention risk looms, with 35% of all workers –
and a staggering 47% of young professionals – considering a job
change within six months, despite 63% expressing job
satisfaction.
- Job security sentiment is relatively high at 71%, but trust in
management for career development lags behind at 63%, indicating a
potential disconnect between employees and leadership.
- Despite reporting higher well-being and work-life balance, 41%
of remote workers are considering job changes, challenging
conventional wisdom about remote work satisfaction.
Confidence
- People overwhelmingly feel capable in their roles, with 87%
expressing confidence in their skills. However, a third (34%) see a
ceiling in their current workplace, citing insufficient
opportunities for career goal achievement.
- Though 73% believe their organization offers chances to gain
new skills, 59% of workers say they've received no skills training
in the past six months and only 57% see clear paths for promotion
or internal mobility, suggesting a gap between skill development
and career advancement.
- Two out of every five Gen X women (42%) feel they lack
opportunities to reach their career goals at their current
organization.
REGIONAL HIGHLIGHTS
- Mexico stands out with 89% of
workers finding high levels of meaning and purpose in their work,
while The Netherlands leads in
overall workforce well-being at 73%.
- Singapore's workforce exhibits
a unique duality: they show one of the highest likelihoods of
changing jobs in the next six months (41% low job satisfaction)
while simultaneously expressing the strongest confidence in their
current skills to secure new roles (72%).
- Nordic countries Norway and
Sweden demonstrate strong job
security, with 80% and 71% of workers respectively feeling secure
in their positions for the next six months. However, these nations
also face challenges, with fewer perceived opportunities for
development and promotion (48% in Norway and 53% in Sweden), and lower trust in managers (57% in
Norway and 57% in Sweden).
- France records one of the
lowest Well-Being Index scores at 61%, suggesting significant
challenges in work-life balance and job satisfaction.
- The United States displays
robust overall sentiment, achieving a Confidence Index of 79%, with
73% of workers feeling secure in their jobs over the next six
months.
The Global Talent Barometer introduces new metrics, including
the Well-Being Index, Job Satisfaction Index, and Confidence Index,
providing a holistic view of workforce sentiment globally. These
innovative indices offer employers unprecedented tools to measure
and understand employee sentiment, enabling more effective
strategies for talent management and workplace improvement.
To view the complete results of the 2024 Global Talent
Barometer, visit:
manpowergroup.com/en/insights/talent-barometer
ABOUT THE GLOBAL TALENT BAROMETER
The ManpowerGroup
Global Talent Barometer measures worker well-being, job
satisfaction, and confidence. around the world. The Talent
Barometer leverages independent survey best-practices and
statistically significant samples to create a powerful tool to
better understand what workers want globally. The research aims to
improve the future of work through deeper understanding of key
drivers of workforce sentiment today.
METHODOLOGY
Survey responses were collected from
12,062 workers across 16 countries from April 15 to May 10, 2024. All the data is
weighted to match the worker population in each country by gender,
age and region, and all countries are weighted to be
equal.
COUNTRIES SURVEYED
Australia, Canada, France, Germany, Italy, Japan,
Mexico, The Netherlands, Norway, Poland, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States of America.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce
solutions company, helps organizations transform in a fast-changing
world of work by sourcing, assessing, developing, and managing the
talent that enables them to win. We develop innovative solutions
for hundreds of thousands of organizations every year, providing
them with skilled talent while finding meaningful, sustainable
employment for millions of people across a wide range of industries
and skills. Our expert family of brands – Manpower, Experis, and
Talent Solutions – creates substantially more value for candidates
and clients across more than 70 countries and territories and has
done so for more than 75 years. We are recognized consistently for
our diversity – as a best place to work for Women, Inclusion,
Equality, and Disability, and in 2024 ManpowerGroup was named one
of the World's Most Ethical Companies for the 15th time – all
confirming our position as the brand of choice for in-demand
talent.
For more information, visit www.manpowergroup.com, or follow us
on LinkedIn, X, Facebook, and Instagram.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking
statements, including statements regarding labor demand
in certain regions, countries and industries, as well
as economic uncertainty. Actual events or results
may differ materially from those contained in the
forward-looking statements, due to risks, uncertainties
and assumptions. These factors include those found in the
Company's reports filed with the U.S. Securities and
Exchange Commission (SEC), including the information under the
heading "Risk Factors" in its Annual Report on Form 10-K for
the year ended December 31, 2023, whose information
is incorporated herein by reference. ManpowerGroup disclaims
any obligation to update any forward-looking or other statements in
this release, except as required by law.
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SOURCE ManpowerGroup