For eight years, the Total Workforce IndexTM(TWI) has measured the relative ease of sourcing, hiring and retaining contingent and permanent workers. It’s the only index of its kind to analyze over 200 factors across 75 competing labor markets, providing a comprehensive and comparative view of four key categories: WORKFORCE SUPPLY, COST EFFICIENCY, REGULATION and WORKFORCE PRODUCTIVITY.
This paper takes a closer look at the macro-level TWI data to identify market characteristics of Mature, Emerging and Incubator markets. For example, Emerging markets have a rising Gen Z/Millennial workforce (50% or greater share of total labor pool) but a shortage of skilled talent due to low rates of tertiary education and they require long-term investments.
The report also surfaces three important labor market opportunities while looking specifically at investments in key growth sectors of Digital Services, Advanced Manufacturing and Clean Energy.
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