Total Workforce Index 2023
Developing diverse workforce strategies that tailor the right blend of skills, workforce mix and engagement with labour markets is imperative for organisations navigating the changing business landscapes. The Total Workforce Index™ (TWI) offers a strategic advantage in the talent race by directing investments – short, medium and long-term – towards labour markets with the highest potential impact on sectors and skill sets influencing dynamic business environments.
This year’s TWI provides clarity across far-reaching challenges: increased demand, rising living costs, wage pressures, sustained low unemployment rates, shifting demographics, the influence of regulatory changes on talent availability and cost, and fierce competition for skilled labour. TWI takes into account geopolitical realities, though it’s worth noting that the full workforce repercussions of the Israel-Hamas conflict are not yet fully known.
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2023 Total Workforce Index™
The Total Workforce Index™ (TWI) is the only tool of its kind to assess the relative ease of sourcing, hiring and retaining both contingent and permanent workforce skills in competing labour markets around the world.
The annual analysis of the Total Workforce Index™ scores over 60 global workforce markets based on over 200 unique factors. From the TWI data, ManpowerGroup Talent Solutions develops country and regional profiles based on how markets score in each of the four categories (Availability, Cost Efficiency, Regulation and Productivity).