Workforce availability is an essential consideration when evaluating potential markets. Consider this: If the labor pool in the market you are considering cannot meet the volume of talent required, does it matter that the market may be more cost-efficient, have more flexible regulations or a higher production capacity?
The primary data sources for this index are all based on statistics from the ministries of labour for each of the markets within scope, the Central Intelligence Agency (U.S.), World Data Bank, Trading Economics, and internal data collected as part of ManpowerGroup global reporting efforts.
While each of the category rankings looks at a single aspect of the labor force, the regulatory framework of a labor market is potentially the most influential overall. This is because it impacts each of the other categories to some degree. The top markets for regulatory ease are certainly not the largest workforce economies, and the maturity of their regulations does not allow for any overlap among the most cost-efficient markets.
Ranked in order of performance in this category are Ireland, Finland, New Zealand Norway and Switzerland. While not necessarily among the world’s largest workforce economies, each of these markets represents an above average opportunity for organizations looking to drive workforce strategy through labor arbitrage. While the larger markets of Canada and the United States continue to offer more favorable regulatory environments than some other larger and more mature workforce markets.
The impact that the regulatory environment has on the overall investment opportunity in a particular workforce market can be one of the most important, but it is often a consideration that is not factored into the equation early on in market exploration efforts. Evaluating of markets that rank well in this category from the start can prove advantageous to employment organizations.
Size of the bubble reflects the Relative Availability of each market, while the color reflects Relative Regulation
As workforce experts, ManpowerGroup find work for millions of people around the globe every year, helping hundreds of thousands of companies attract, assess, develop, and retain skilled workers.
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