1、1Industrials World of Work 2024 Outlook 77%OF INDUSTRIAL EMPLOYERS ARE STRUGGLING TO FIND SKILLED TALENTGlobal InsightsOF INDUSTRIAL EMPLOYERS CURRENTLY RECRUITING FOR GREEN JOBS 74%Manpower|Experis|Talent Solutions59%BELIEVE AI AND FUTURE TECH WILL POSITIVELY IMPACT HEADCOUNT2ContentsForward Lookin

2、g Statements This report contains forward-looking statements,including statements regarding labor demand in the technology industry and use of emerging technologies.Actual events or results may differ materially from those contained in the forward-looking statements due to risks,uncertainties,and as

3、sumptions.These factors include those found in the Companys reports filed with the SEC,including the information under the heading“Risk Factors”in its Annual Report on Form 10-K for the year ended December 31,2022,which information is incorporated herein by reference.ManpowerGroup disclaims any obli

4、gation to update any forward-looking or other statements in this report,except as required by law.INTRODUCTIONCONCLUSIONIndustrial Business Transformers UniteTREND TWOThe New Collar of Industry is GreenTREND FOURWorking for a LivingTREND FIVETooling Up Tech and TalentTREND ONERolling Out More Resili

5、enceTREND THREE3The global industrials sector*includes manufacturers and distributors of capital goods for aerospace&defense,building products,electrical equipment,machinery,as well as construction and engineering services.It is a sector that leverages significant capital investment,cutting-edge inn

6、ovation,and complex global supply chains to literally build the foundations of the modern global economy.Although this industry is accustomed to change,the pace has significantly accelerated since 2020.In recent years,industrials sector leaders have already overcome a global pandemic,supply chain bo

7、ttlenecks,historic inflation,the largest war in Europe since WWII,manufacturing localization pressures,growing demands to reduce carbon footprint,and increasingly persistent talent scarcity.This ManpowerGroup Global Insights report analyzes the top five trends impacting this industry and its workfor

8、ce today.*As defined by the S&P Global Industry Classification Standard(GICS)INTRODUCTIONTREND ONETREND TWOTREND THREETREND FOURTREND FIVECONCLUSION4Tooling Up Tech and TalentThe growing costs of raw material and labor around the world are converging with rapid advancements in industrial technologie

9、s.This combination of necessity and invention could be the beginning of a brighter future for industrials sector employers and workers.The factory floor of the future will be more connected and automated,delivering greater efficiency,cost savings,and safer skilled trades opportunities for workers.Ro

10、bots Rock:Global cost pressures are accelerating the adoption of robotics including collaborative robots(cobots)which work closely with facility team members,particularly for dangerous or physically demanding tasks.Most manufacturing leaders(62%)say robotics and automation will be their top investme

11、nt priority to increase operational efficiencies in the next 12 months.1 Meet Your Digital Twin:The use of digital twinsa virtual representation of an object or systemis rapidly growing in the industrials sector and the results are promising.Early implementers have realized sustainable inventory red

12、uctions of up to 5%and capital expenditure savings of up to 10%.2 AI and VR on the Factory Floor:Will rapidly advancing technologies such as Artificial Intelligence(AI),Machine Learning(ML)and Virtual Reality(VR)have a negative impact on the future manufacturing workforce?Industrials sector hiring m

13、anagers dont think so.In fact,59%believe these technologies will have a positive impact on their headcount in the next two years.359%OF INDUSTRIAL EMPLOYERS BELIEVE EMERGING TECHNOLOGIES WILL HAVE A POSITIVE IMPACT ON THEIR HEADCOUNTWorkforce Implications:High demand for specialized digital transfor

14、mation talent will continue and industrials employers will need to compete with multiple sectors for workers Continuous upskilling and reskilling will be key to train workers to utilize increasingly sophisticated automation tools Sustained sector demand for manufacturing workers despite growing auto

15、mation will make building an adequate talent pipelines and increasing retention a critical business priority1.Deloitte 2.Boston Consulting Group 3.ManpowerGroup Employment Outlook Survey,2023INTRODUCTIONTREND ONETREND TWOTREND THREETREND FOURTREND FIVECONCLUSION5Industrial Business Transformers Unit

16、eIn response to the seismic changes in the global economy,business transformation is a key priority for senior leaders across the industrials sector.This includes completely new business models,new materials and a renewed focus on the customer experience.As industrials leaders reinvent their busines

17、s,the coming years could be the most exciting times since the dawn of lean production or the assembly line.The New 2023 Models:The Production-as-a-Service(Paas)model has not yet proliferated in industrial settings,although small-scale offerings related to the use of specific equipment have appeared.

18、PaaS expands this approach to the scope of an entire factory.More than two-thirds of manufacturing leaders(85%)are considering it,and investment is forecast to grow to$100 billion in 2023.1 Now in 3D:Additive manufacturing and 3D printing using new advanced materials continue to be at the forefront

19、of Industry 4.0.There will be 2.8 million 3D printing devices globally by 2030 while the size of the 3D printing market is expected to grow to$37 billion by 2026.2 A Prime Challenge:The high bar that B2C giants have set for personal and customized customer experience increasingly extends to B2B indu

20、strial companies.Today,more than half of B2B buyers(60%)say they would prefer to buy online instead of traditional sales channels.Organizations that can build a more digital,customer-centric sales experience faster will operate at a competitive advantage.3 Workforce Implications:Contingent workforce

21、 optimization strategy will be key for PaaS operations with multiple customers and fluctuating demand Upskilling and reskilling efforts must keep up with the rapidly evolving technologies such as additive manufacturing and rapid prototyping Major players in the industrials sector will need to compet

22、e with other industries for in-demand customer experience(CX)and user experience(UX)development expertise85%OF MANUFACTURERS WOULD CONSIDER PRODUCTION-AS-A-SERVICE IN THE FUTURE(PAAS)1.Boston Consulting Group 2.Statista 3.McKinseyINTRODUCTIONTREND ONETREND TWOTREND THREETREND FOURTREND FIVECONCLUSIO

23、N6Rolling Out More ResilienceRecent years of significant supply chain disruption have created increased urgency to build more resilience,redundancy,and risk mitigation into global manufacturing operations.This is particularly true when critical elements of a supply chain could be exposed to increasi

24、ng geopolitical tensions,wage inflation or raw material shortages.The need for supply chain transparency will also grow to achieve ESG targets and government regulations.A Vertical Horizon of Integration:Vertical integration is becoming increasingly popular as manufacturers seek to build resilience

25、and replicate recently successful models such as Teslas gigafactories for battery production.1 Industry analysts predict it will also gain traction within the aerospace industry as new mobility and electrification begin to scale and OEMs seek more control over related supply chains.2 More and More R

26、eshore:In response to growing geopolitical tensions,nearshoring and reshoring of supply chains is accelerating.In fact,70%of manufacturers in the US and Europe say they currently have projects to reshore or nearshore a portion of their operations.3 Getting Less Sly about Supply:Increasing supply cha

27、in transparency is a difficult challenge in the industrials sector,particularly when an average aerospace company could have 12,000+Tier 2 suppliers.4 Today,70%of global business leaders describe their supply chains as“very”or“extremely”complex and are prioritizing greater transparency to ensure res

28、ilience,ESG alignment,and regulatory compliance.5 70%OF US AND EU MANUFACTURERS ARE PLANNING TO RESHORE OR NEARSHORE OPERATIONSWorkforce Implications:Vertical integration of functions previously handled by specialized suppliers(in many cases on different continents)will require a highly skilled work

29、force in an era of global talent scarcity As manufacturers across sectors attempt to reshore more of their operations at the same time,competition for talent in skilled trades will grow The aging of workforce in the most developed markets will create a shortage of the most skilled manufacturing tale

30、nt at the same time more local production is coming online1.Barrons 2.McKinsey 3.Industry Week 4.Deloitte 5.KPMGINTRODUCTIONTREND ONETREND TWOTREND THREETREND FOURTREND FIVECONCLUSION7The New Collar of Industry is Green The industrials sector will be among the most exciting and innovative as global

31、green business transformations accelerate.As investment in green tech expands around the world,the race to find the skilled talent needed to sustain green innovation is heating up.Competition between industries and the reality of an aging workforce will necessitate an ongoing focus on employer value

32、 propositions to recruit and retain top talent.Green Help Wanted:The competition for green talent in the industrials sector has already begun.Today,74%of industrials sector employers globally say they are currently or planning to actively recruit for green jobs or skills.1 A Greener Factory Floor:In

33、dustrials sector employers are the most interested in recruiting for green roles/skills within skilled technical functions such as Manufacturing&Production(44%),Engineering (37%),Operations&Logistics(30%),Sales&Marketing(22%),and IT&Data(22%).1 A Green Gold Rush:Increased urgency to fight climate ch

34、ange has spurred unprecedented government incentives.The 2022 US Inflation Reduction Act included$370 billion2 and the European Green Deal added 225 billion($245 billion)3 in green incentives.Globally,green investment grew to a record$1.1 trillion in 2022 and equaled the fossil fuels total for the f

35、irst time.4Workforce Implications:Competition will heat up as a majority of hiring managers in similar sectors such as Energy&Utilities(81%)and Transport,Logistics&Automotive(73%)say they are also actively recruiting for green jobs1 Skilled technical talent scarcity will increase the importance of s

36、caling upskilling&reskilling efforts Strategic workforce planning including thorough location strategy analysis will be key to ensure new green facilities or existing facility expansions have an adequate supply of local skilled talent74%ARE ACTIVELY RECRUITING OR PLANNING TO RECRUIT GREEN JOBS1.Manp

37、owerGroup Employment Outlook Survey,Q3 2023 2.World Economic Forum 3.Reuters 4.BloombergINTRODUCTIONTREND ONETREND TWOTREND THREETREND FOURTREND FIVECONCLUSION8Working for a Living The combination of an aging workforce,declining birth rates,unfavorable perceptions about manufacturing work,and compet

38、ition from other industries will make finding and retaining a skilled workforce a persistent challenge for the industrials sector.However,as manufacturers of some of the most complex products on earth,this industry is no stranger to global challenges and innovative approaches to overcome them.Dirty

39、Jobs:Manufacturing suffers from an image problem among many workers who still perceive it as too dirty,dangerous,and physically demanding even as automation is making it safer than ever before.The problem is particularly acute with women.Although they make up 47%of the non-farm workforce,they are on

40、ly 30%of the manufacturing workforce today.1 Gray to Green:In the aerospace and defense industry alone,one-third of the workforce is over 55 and expected to retire in the coming years.As they retire the need to train a younger and“greener”workforce will grow.2 The Struggle is Real:Despite slowing ec

41、onomic growth,a large majority of industrial employers globally(77%)say they are still struggling to find the skilled talent they need.3Workforce Implications:Employers in this sector must develop more uniquely differentiated employer value propositions and recruitment marketing to dispel misconcept

42、ions and outcompete other industries Building a culture of Diversity,Equity,Inclusion and Belonging(DEIB)should remain a top priority to close the significant gender gap and grow the pipeline of new talent to replace older workers A focus on retaining more senior workers to train and mentor the youn

43、ger workforce will play a key role in the success of upskilling efforts77%OF INDUSTRIAL EMPLOYERS ARE STRUGGLING TO FIND THE SKILLED TALENT THEY NEED1.Deloitte 2.McKinsey 3.ManpowerGroup Employment Outlook Survey,Q2 2023INTRODUCTIONTREND ONETREND TWOTREND THREETREND FOURTREND FIVECONCLUSION9The indu

44、strials sector has emerged from the recent challenging years with a greater focus on resilience and future innovation.Although there are still significant headwinds,the acceleration of industrial automation technology and an increasing focus on sustainability offer hope for a bright future.As a new

45、generation of talent enters the workforce,the most significant challenge will be dispelling misconceptions based on the past.Those that understand this industry know it will be at the cutting edge of green transformation,digital transformation,and human innovation.Employers who can effectively commu

46、nicate this compelling story will gain a competitive advantage.In ConclusionINTRODUCTIONTREND ONETREND TWOTREND THREETREND FOURTREND FIVECONCLUSIONAbout Us-ManpowerGroup(NYSE:MAN),the leading global workforce solutions company,helps organizations transform in a fast-changing world of work by sourcin

47、g,assessing,developing,and managing the talent that enables them to win.We develop innovative solutions for hundreds of thousands of organizations every year,providing them with skilled talent while finding meaningful,sustainable employment for millions of people across a wide range of industries an

48、d skills.Our expert family of brands Manpower,Experis,and Talent Solutions creates substantially more value for candidates and clients across more than 75 countries and territories and has done so for 75 years.We are recognized consistently for our diversity as a best place to work for Women,Inclusi

49、on,Equality,and Disability,and in 2023 ManpowerGroup was named one of the Worlds Most Ethical Companies for the 14th year all confirming our position as the brand of choice for in-demand talent.Career TransitionCareer ManagementTalent ResourcingWorkforce ManagementWorkforce Consulting&AnalyticsTop Talent AttractionGlobal Workforce Solutions for Consumer Goods