MELBOURNE, Australia, Sept. 26, 2012 /PRNewswire/ -- ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions and associate sponsor of the 14 th World Human Resources Congress in Melbourne, Australia, today led a panel discussing the challenges companies face in attracting and retaining top talent in the Human Age, and identifying potential solutions to accelerate business success.
Darryl Green, ManpowerGroup President of Asia Pacific and Middle East, kicked off the panel by presenting key themes, including how the Asia-Pacific region can maintain its world economic status; the shift from capitalism to talentism in the normal now of the Human Age; the impact of escalating talent shortages and how businesses can overcome these shortages by aligning workforce and business strategies.
"Translating a workforce strategy into practical actions is a significant challenge facing companies in the Human Age, an era in which skilled talent is increasingly scarce, yet increasingly the competitive differentiator," said Green. "Across the region and globally, the companies that will succeed going forward will be those that are not only able to pinpoint in-demand skilled talent, but are able to align needed skills with business demands.ManpowerGroup's 2012 Talent Shortage Survey found that 45% of employers in the Asia-Pacific region are having difficulty sourcing the right talent — considerably higher than the global average of 34%. To bridge this gap, a robust workforce strategy must be balanced with flexibility as demand fluctuates amid Human Age volatility. Human resources departments need to take their rightful place as strategic functions in order to translate workforce strategies into practical tactical actions. Alarmingly, ManpowerGroup's 2012 Workforce Strategy Survey of nearly 11,000 global employers, found most are operating without a fully implemented workforce strategy. Globally, only 38% of the respondents regard HR as a full business partner. And in Asia, only 19% of the respondents have a fully implemented strategy, reflecting growing complacency among business leaders. "Human Age workforces are the most diverse in history – generationally, virtually, culturally and geographically," added Green. "It can be very challenging to create and then manage such a diverse workforce, requiring increasingly complex and agile strategies to manage varied motivations and expectations against the backdrop of an unpredictable economic environment."