Hong Kong tops poll of contingent workforce engagement
Wed, 16 Jul 2014
Hong Kong continues to be the highest-ranked country for the commitment and connection to its contingent workforce in 2014, followed closely by the US, according to a survey conducted by Manpower Group Solutions.
The contingent workforce – often referred to as the hidden workers – consists of workers who are engaged on a casual, temporary, contract or interim basis. They can even be outsourced service provider workers, who are not permanent employees but instead plug gaps without adding to the permanent headcount of the end-user company.
China has moved up from 16th place last year to third due to its well-balanced mix of relatively high workforce availability and industry dynamics, despite shifting regulations and wages.
Other significant changes include Australia’s fall from fourth place in 2013 to 15th in 2014 as the result of rising manufacturing wages and reduced workforce availability.
“Managing business and workforce strategies globally presents tremendous challenges to business leaders who must align resources and leverage talent holistically,” said Kip Wright, Manpower Group Solutions senior vice president.
“The enhanced 2014 CWI helps business leaders make informed decisions about their entire workforces and evaluate, plan for and successfully manage expansion of their operations.”
The UK has moved into the top five markets in the EMEA region enjoying a high average monthly wage, favourable regulations, as well as high productivity despite common legislative rules with Europe.