Tag Archives: Jeff Joerres

Manpower Inc. Identifies Four Mega Trends

Manpower Inc. is a strategic partner of the 40th World Economic Forum Annual Meeting, held in Davos, Switzerland this week. At the Forum, key Manpower Inc. executives are participating in discussions around a slate of topics ranging from global commonalities to gender parity to the future of employment to social networking.

In conjunction with the Forum, Manpower Inc. released information identifying four Mega Trends which are transforming and accelerating the world of work. They are:

  • The Talent Mismatch is deepening as the working age population declines and the nature of work changes. These significant shifts in talent supply are transforming the global labor market.
  • Individual Choice will be exercised by those with the skills that are most in demand, requiring companies to think differently about how jobs are defined and how they will attract and retain scarce talent.
  • Rising Customer Sophistication requires businesses to work in a new way, driven by innovation and delivering greater value and efficiency.
  • Technological Revolutions have the power to change where, when and how we work, enabling organizations to be more agile and innovative – if they know how to leverage it.

“In recent weeks, the status and significance of the rapidly expanding temporary workforce has been widely discussed – and woefully misunderstood,” said Jeff Joerres, Manpower Inc. Chairman and CEO. “Companies will increasingly look to temporary workers to gain the flexibility and agility required to appropriately and strategically adjust to consumer demand.  At the same time, individuals are increasingly exercising more choice when it comes to pursuing employment that meets their expectations and taps their motivations.”

“Business leaders around the world will need to ask themselves what the trends mean for their organizations and what they will do to respond to them, according to Manpower research.  Organizations need to carefully consider their people practices, a critical element to navigating the changing world of work.”

“As the economy rebounds, companies will need to prepare for a new normal, carefully adjusting their business strategy and evaluating their workforce,” said Joerres. “In the past, access to capital gave companies their edge; soon talent will become the competitive differentiator and companies will compete for talent as rigorously as individuals now compete for jobs. ”

“Given these trends, the temporary workforce will lead the way as the world recovers and companies are forced to do more with less and meet consumers’ ever-rising expectations,” Joerres added. “To attract and retain these ‘workforce accelerators’ who offer highly specialized skills, smart companies will strive to create a workplace culture that is healthy, flexible and satisfying.”

To see an executive summary, click here…

Good stuff!  Take note America – things are changing before our very eyes.

Manpower Chief looks to Virtual Growth

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On Second Life, the virtual-reality website, Jeff Joerres is a barrel-chested bodybuilder with a mop of bright blonde hair.

In the flesh, the chief executive of Manpower is somewhat less muscle-bound and his hair is starting to thin. “What am I going to do, be a 90-year-old man?” he laughs. “It’s called Second Life for a reason.”

Aesthetic improvement is only one reason Mr Joerres is enthusiastic about Second Life. From his perspective at the top of one of the world’s biggest recruitment companies, Mr Joerres says that such virtual worlds and social networking websites are transforming the world of work. Increasingly, he says, “work will get done that way and people will find work that way”.

The economic downturn has accelerated this trend, Mr Joerres believes. He cites a new tie-up between Manpower and LinkedIn, the professional networking website, in which Manpower is offering career services to LinkedIn members – a collaboration prompted by a flood of requests to the networking website for career services in recent months.

Mr Joerres says he is becoming more optimistic about the employment scene in the US. Although he says the unemployment rate – a six-nine-month lagging indicator – will not recover until well into 2010, he sees signs the economy is becoming more stable.

At the start of the year, the Manpower chief said he would not be surprised if 2009 saw an average unemployment rate of 9 per cent , but now says that may have been too gloomy.

Mr Joerres is critical of how some companies slashed jobs during the downward cycle, a phenomenon he says they may pay for when growth returns. “There’s been a lot of blunt instruments out there, companies cutting 10 percent across the board. But what about cutting the right 10 percent?” he says.

“Companies that had the right type of workforce strategy had a better sense of what levers to pull when the downturn hit,” he observes. “But we’ve seen some really good companies panic and hit the trap door. That wasn’t necessarily wrong, but they now have a period to recover and if they don’t use this time carefully, they could find themselves losing market share, or spending more on training new staff.”

Manpower released a surprising global survey last week that underlined this conundrum: it showed that 30 percent of employers around the world are struggling to find the right people to fill jobs even though unemployment is at or near record levels in many countries.

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Manpower Calls for Greater Recognition of the Role of Women in the Post- Crisis Labor Market

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Manpower a world leader in the employment services industry and strategic partner of the Annual Meeting of the World Economic Forum in Davos, released a paper today titled, “The Underworked Solution: Women and the Talent Crunch.” The paper calls for the increased engagement of women in the global workforce as a key component of long-term economic growth and sustainable development.

“To ensure the best possible chance of success in the post-crisis world, employers and governments must look ahead to the challenges of tomorrow, and explore how to expand their workforces,” said Barbara Beck, Manpower Inc. President of EMEA, who is also a member of the Women’s Programme of the World Economic Forum. “The most effective companies have organized themselves to maximize the role of women in their top leadership.” Beck joins David Arkless, President – Global Corporate and Government Affairs, and Mara Swan, Executive Vice President – Global Strategy and Talent, on the Manpower Davos delegation.

“The role of women in the workforce has been on many corporate agendas for some time, and it has yet to be resolved,” said Jeff Joerres, Manpower Inc. Chairman and CEO. “One of our goals at Davos is to elevate the dialogue around the impact of positively addressing this under tapped talent pool.”

To download the paper click here.

U.S. Jobs Recovery Months Away – According to Staffing Execs

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Any U.S. job market recovery is at least several months away, staffing industry executives say, citing comments from customers, weak consumer spending and evidence in the December jobs report that employers are cutting hours and overtime.

The economy shed 524,000 jobs outside the farm sector last month, fewer than expected, and the unemployment rate jumped to 7.2 percent, the highest since January 1993. Job losses in October and November were bigger than initially estimated.

When we look at where companies are, in the conversations they’re having, we anticipate continued job losses for at least a couple quarters,‘ said Jeff Joerres, chief executive of Manpower Inc (nyse: MAN news people ), one of the world’s largest staffing and outplacement firms.

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Ring-a-Ding Manpower turns 60!!

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Manpower celebrates six decades of helping companies and individuals win in the changing world of work. Manpower has achieved this distinction under the stewardship of just three chief executives – co-founder Elmer Winter, Mitchell Fromstein and Jeff Joerres, who has been CEO since 1999 and chairman since 2001. They have steered Manpower to its current position as a $21 billion global employment services corporation.

“The workplace has unequivocally changed over the years since we opened our doors in 1948, but our mission has always remained the same,” said Manpower Inc. Chairman and CEO Jeff Joerres. “Connecting people with meaningful work, while helping organizations find the talent they need is what we do. Manpower’s ability to navigate the constant shifts in the world of work gives us the agility required to be a resilient and reliable partner for our clients and candidates.”

Since the company’s inception in 1948, clients and candidates have depended on the Manpower group of companies to put the right people in the right job at the right time. As the global economic environment becomes ever more challenging, that service is as vital today as it ever was, Manpower has managed through extraordinary economic fluctuation and has consistently emerged a stronger company poised for growth.

Sixty years of accomplishment under such enduring leadership is a monumental achievement for any organization and it’s a genuine rarity among Fortune 500 companies (Manpower is no. 120 on Fortune’s 2008 U.S. list). Consider that the average multinational corporation lasts between 40 and 50 years. Even more remarkable is the company’s stable leadership; the median tenure of global CEOs in 2007 was just six years, according to Booz & Company.