ManpowerGroup, (NYSE: MAN), the world leader in innovative workforce solutions, is working to design more comprehensive solutions in securing displaced talent for hard-to-fill positions, as the U.S. Bureau of Labor Statistics shows the overall April unemployment rate rose from March to 9 percent and 268,000 private sector jobs were created during the month.
"The edged up unemployment rate from 8.8 percent to 9.0 percent, while important, is not as strong of an indicator at this point in the economic cycle as new jobs created," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "An improving labor market leads to increased individual confidence, and therefore, more new job seekers. This means it's possible that we could see the unemployment rate continue to inch up before heading back down."
ManpowerGroup continues to report on the talent crisis affecting organizations worldwide through its annual Talent Shortage Survey. Look for the 2011 report in the coming weeks. Although unemployment levels are improving in key world regions, companies continue to lack access to individuals with the right skills. As a growing range of issues, particularly fluctuating hiring criteria, slow the process of identifying the right talent, employers remain committed to doing more with less. Flexible workforces remain a top option for employers.
In this Human Age, the talent pools that organizations are able to access will determine their marketplace success. Their efforts to identify the right talent and to develop these workers with career-long training programs are fundamental to winning today's talent wars.
At January's World Economic Forum Annual Meeting in Davos, Switzerland, ManpowerGroup announced it had identified that the world has entered the Human Age, where access to talent has replaced access to capital as the key competitive differentiator. With skilled individuals in increasingly short supply, businesses, governments and all institutions need to collaboratively work toward developing an adequate talent pipeline to turn today's complexities into their greatest opportunity.
About ManpowerGroup™
ManpowerGroup™ (NYSE: MAN), the world leader in innovative workforce solutions, creates and delivers high-impact solutions that enable our clients to achieve their business goals and enhance their competitiveness. With over 60 years of experience, our $19 billion company creates unique time to value through a comprehensive suite of innovative solutions that help clients win in the Human Age. These solutions cover an entire range of talent-driven needs from recruitment and assessment, training and development, and career management, to outsourcing and workforce consulting. ManpowerGroup maintains the world's largest and industry-leading network of nearly 3,900 offices in over 80 countries and territories, generating a dynamic mix of an unmatched global footprint with valuable insight and local expertise to meet the needs of its 400,000 clients per year, across all industry sectors, small and medium-sized enterprises, local, multinational and global companies. By connecting our deep understanding of human potential to the ambitions of clients, ManpowerGroup helps the organizations and individuals we serve achieve more than they imagined – because their success leads to our success. And by creating these powerful connections, we create power that drives organizations forward, accelerates personal success and builds more sustainable communities. We help power the world of work. The ManpowerGroup suite of solutions is offered through ManpowerGroup™ Solutions, Manpower®, Experis™ and Right Management®. Learn more about how the ManpowerGroup can help you win in the Human Age at www.manpowergroup.com.
In January 2011, at the World Economic Forum Annual Meeting in Davos, Switzerland, ManpowerGroup announced the world has entered the Human Age, where talent has replaced capital as the key competitive differentiator. Learn more about this new age at www.manpowergroup.com/humanage
Showing posts with label releases. Show all posts
Showing posts with label releases. Show all posts
Sunday, May 08, 2011
Tuesday, April 27, 2010
Another economic crisis predicted within a decade...
I know this is a bit long, but it shares some interesting information I was sent via e-mail - from the Peterson Foundation:
HIGHEST RANKING ECONOMIC OFFICIALS FROM BOTH PARTIES FORESEE ANOTHER U.S. ECONOMIC CRISIS WITHIN 10 YEARS UNLESS U.S. TAKES IMMEDIATE ACTION ON STRUCTURAL DEFICIT
Peter G. Peterson Foundation Survey of Economic Leaders from Past Eight Administrations and Congress Shows Bipartisan Agreement that U.S. Needs to Cut Spending and Raise Taxes to Avoid an Economic Crisis
NEW YORK, NY – An unprecedented survey of the most senior economic officials from the last eight administrations and Congressional leaders from the past 30 years shows that there is broad consensus that failure to address the country’s long-term structural deficit challenges would lead to another economic crisis within the next ten years. There is also consensus around the solution to the deficit problem: it must include both cutting spending and increasing taxes, according to a group of more than fifty former top economic officials.
The survey topline can be found here:
http://www.pgpf.org/resources/PGPF_Fiscal_Survey_Topline.pdf
The survey respondents polled were former senior officials from the past eight administrations under Presidents George W. Bush, Bill Clinton, George H.W. Bush, Ronald Reagan, Jimmy Carter, Gerald Ford, Richard Nixon, and Lyndon Johnson, as well as members of Congress, with significant experience on fiscal issues, including:
Secretaries of the Treasury
Federal Reserve Presidents and members of the Board of Governors
Directors of the Office of Management & Budget
Council of Economic Advisors Chairs
Directors of the Congressional Budget Office
Senate Budget Committee Chairmen/Ranking Members
House Budget Committee Chairmen/Ranking Members
House Ways and Means Committee Chairmen/Ranking Members
The survey was commissioned by the Peter G. Peterson Foundation (PGPF) as part of its mission to increase public awareness of the nature and urgency of the country’s key fiscal challenges and was released in the days leading up to the first meeting of President Obama’s National Commission on Fiscal Responsibility and Reform as well as the Foundation’s “2010 Fiscal Summit: America’s Crisis and A Way Forward.” The survey was conducted by Global Strategy Group, a public opinion research firm.
“It is significant to see such an overwhelming proportion of these former senior officials, Republicans and Democrats alike, agree that we must address our long-term structural deficits to avoid another economic crisis, and that we must do so now,” said Peter G. Peterson, founder and Chairman of PGPF. “Addressing our fiscal challenges will require being open-minded about solutions and taking a comprehensive approach in which all options are seriously considered. By acting now, we can meet these challenges in a way that secures the vital programs on which so many Americans rely, and ensures that resources will still be available for investments for future growth in areas like education, research and critical infrastructure.”
“The opinions of these federal government experts clearly demonstrate that there is a bipartisan consensus that spending cuts and tax increases are both necessary to address our unsustainable structural deficits,” said David Walker, President & CEO of PGPF. “Given increasing concerns among Americans, and with this bipartisan consensus of experts in mind, it is time to set aside partisan battles and bridge ideological divides to focus on sensible solutions.”
The survey found that top former economic officials believe:
· We need to change course. Democrats and Republicans unanimously feel that the federal government is currently on an unsustainable long term fiscal path. (100% Dems and Reps strongly agree)
· Systemic issues must be addressed. Democrats and Republicans unanimously consider long term structural deficits more threatening to the country’s economic future than short term deficits. (100% of Dems and 93% Reps say long term structural deficits are much more threatening; 7% of Reps say they are somewhat more threatening)
· Inaction will lead to crisis. More than 9 in 10 Republicans (98%) and Democrats (94%) believe if we do not act soon to address the nation’s long term fiscal situation we are heading for another major economic crisis.
– Most Republicans (88%) and Democrats (75%) expect an economic crisis within the next ten years if we do not act.
– And practically nine in ten Republicans (92%) and Democrats (82%) believe the government should begin to take action within the next 1-2 years to address the long term fiscal situation.
· Elements of a crisis. Majorities of Democrats and Republicans believe that without measures to address the longer term structural deficit challenges it is very likely we will encounter:
– Rapid growth in federal mandatory spending crowding out other important public investments (80% Reps very likely/71% Dems)
– Significant rise in interest rates (71% Reps very likely/65% Dems)
– An eventual decline in Americans’ standard of living (65% Reps very likely/53% Dems)
· Tax increases and spending cuts must be part of the solution. Two-thirds of Republicans (68%) and more than eight in ten (88%) Democrats believe that solving the country’s long terms structural deficits will include both spending cuts and tax increases.
· Democrats and Republicans share an open-minded approach.
– Practically all Democrats believe entitlement reform (100%), overall spending cuts (100%) and significant decreases in discretionary spending (94%) should be seriously considered.
– 72% of Republicans believe tax increases should be seriously considered in addition to 56% who believe significant decreases in defense spending should be seriously considered.
# # #
Methodological Note: Global Strategy Group conducted a survey among top economic leaders from the last eight administrations and Congress between April 5 and April 26, 2010. Individuals who are currently serving in public office were not solicited for participation in accordance with the research design. For the purposes of analysis, respondents are assigned a party identification based on their personal affiliation (if an elected official) or by the administration that appointed them.
About PGPF
Founded by Peter G. Peterson with a commitment of $1 billion, the Foundation is dedicated to increasing public awareness of the nature and urgency of key fiscal challenges threatening America's future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. For more information, see www.PGPF.org
HIGHEST RANKING ECONOMIC OFFICIALS FROM BOTH PARTIES FORESEE ANOTHER U.S. ECONOMIC CRISIS WITHIN 10 YEARS UNLESS U.S. TAKES IMMEDIATE ACTION ON STRUCTURAL DEFICIT
Peter G. Peterson Foundation Survey of Economic Leaders from Past Eight Administrations and Congress Shows Bipartisan Agreement that U.S. Needs to Cut Spending and Raise Taxes to Avoid an Economic Crisis
NEW YORK, NY – An unprecedented survey of the most senior economic officials from the last eight administrations and Congressional leaders from the past 30 years shows that there is broad consensus that failure to address the country’s long-term structural deficit challenges would lead to another economic crisis within the next ten years. There is also consensus around the solution to the deficit problem: it must include both cutting spending and increasing taxes, according to a group of more than fifty former top economic officials.
The survey topline can be found here:
http://www.pgpf.org/resources/PGPF_Fiscal_Survey_Topline.pdf
The survey respondents polled were former senior officials from the past eight administrations under Presidents George W. Bush, Bill Clinton, George H.W. Bush, Ronald Reagan, Jimmy Carter, Gerald Ford, Richard Nixon, and Lyndon Johnson, as well as members of Congress, with significant experience on fiscal issues, including:
Secretaries of the Treasury
Federal Reserve Presidents and members of the Board of Governors
Directors of the Office of Management & Budget
Council of Economic Advisors Chairs
Directors of the Congressional Budget Office
Senate Budget Committee Chairmen/Ranking Members
House Budget Committee Chairmen/Ranking Members
House Ways and Means Committee Chairmen/Ranking Members
The survey was commissioned by the Peter G. Peterson Foundation (PGPF) as part of its mission to increase public awareness of the nature and urgency of the country’s key fiscal challenges and was released in the days leading up to the first meeting of President Obama’s National Commission on Fiscal Responsibility and Reform as well as the Foundation’s “2010 Fiscal Summit: America’s Crisis and A Way Forward.” The survey was conducted by Global Strategy Group, a public opinion research firm.
“It is significant to see such an overwhelming proportion of these former senior officials, Republicans and Democrats alike, agree that we must address our long-term structural deficits to avoid another economic crisis, and that we must do so now,” said Peter G. Peterson, founder and Chairman of PGPF. “Addressing our fiscal challenges will require being open-minded about solutions and taking a comprehensive approach in which all options are seriously considered. By acting now, we can meet these challenges in a way that secures the vital programs on which so many Americans rely, and ensures that resources will still be available for investments for future growth in areas like education, research and critical infrastructure.”
“The opinions of these federal government experts clearly demonstrate that there is a bipartisan consensus that spending cuts and tax increases are both necessary to address our unsustainable structural deficits,” said David Walker, President & CEO of PGPF. “Given increasing concerns among Americans, and with this bipartisan consensus of experts in mind, it is time to set aside partisan battles and bridge ideological divides to focus on sensible solutions.”
The survey found that top former economic officials believe:
· We need to change course. Democrats and Republicans unanimously feel that the federal government is currently on an unsustainable long term fiscal path. (100% Dems and Reps strongly agree)
· Systemic issues must be addressed. Democrats and Republicans unanimously consider long term structural deficits more threatening to the country’s economic future than short term deficits. (100% of Dems and 93% Reps say long term structural deficits are much more threatening; 7% of Reps say they are somewhat more threatening)
· Inaction will lead to crisis. More than 9 in 10 Republicans (98%) and Democrats (94%) believe if we do not act soon to address the nation’s long term fiscal situation we are heading for another major economic crisis.
– Most Republicans (88%) and Democrats (75%) expect an economic crisis within the next ten years if we do not act.
– And practically nine in ten Republicans (92%) and Democrats (82%) believe the government should begin to take action within the next 1-2 years to address the long term fiscal situation.
· Elements of a crisis. Majorities of Democrats and Republicans believe that without measures to address the longer term structural deficit challenges it is very likely we will encounter:
– Rapid growth in federal mandatory spending crowding out other important public investments (80% Reps very likely/71% Dems)
– Significant rise in interest rates (71% Reps very likely/65% Dems)
– An eventual decline in Americans’ standard of living (65% Reps very likely/53% Dems)
· Tax increases and spending cuts must be part of the solution. Two-thirds of Republicans (68%) and more than eight in ten (88%) Democrats believe that solving the country’s long terms structural deficits will include both spending cuts and tax increases.
· Democrats and Republicans share an open-minded approach.
– Practically all Democrats believe entitlement reform (100%), overall spending cuts (100%) and significant decreases in discretionary spending (94%) should be seriously considered.
– 72% of Republicans believe tax increases should be seriously considered in addition to 56% who believe significant decreases in defense spending should be seriously considered.
# # #
Methodological Note: Global Strategy Group conducted a survey among top economic leaders from the last eight administrations and Congress between April 5 and April 26, 2010. Individuals who are currently serving in public office were not solicited for participation in accordance with the research design. For the purposes of analysis, respondents are assigned a party identification based on their personal affiliation (if an elected official) or by the administration that appointed them.
About PGPF
Founded by Peter G. Peterson with a commitment of $1 billion, the Foundation is dedicated to increasing public awareness of the nature and urgency of key fiscal challenges threatening America's future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. For more information, see www.PGPF.org
