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The Real Global Gig Economy and Informal Workforce Trends

2017 Total Workforce Index™ Introduction The Gig Economy as it’s currently defined by most is composed of both informal and non-informal contingent workers. ManpowerGroup Solutions recognized that there are two unique subsets under the umbrella of contingent work, those with and those without formal contracts for employment. The true ‘Gig Worker’ is a contingent worker with no formal contract who earns...

India – 2017 Total Workforce Index™ Country Profile Article

Economists predict that India’s workforce will exceed 900 million by 2020, edging ahead of China as the largest workforce economy. What isn’t often addressed is the disparity between the working age population and the active workforce, which suggests that despite some saturation in IT outsourcing, India’s workforce remains underutilized to this day. Of those workers actively participating in the labor...

India: Regulatory Changes Aimed at Leveraging Position as an IT Hub

Traditionally held back by notoriously slow bureaucracies and too much regulation, India is consolidating 44 labor laws into just four in an attempt to modernize its labor laws. To attract new employers, India wants to leverage its position as an IT hub and position itself as the world’s largest resource for IT worker outsourcing by making itself more business-friendly. The goal...

India: Oil & Gas Industry Faces a Significant Talent Shortage

India’s economic growth, as with all other countries, is closely linked to energy demand. But the ability to meet India’s energy demand is threatened as its oil and gas companies are facing a severe talent gap due in part to an aging workforce. As the workforce continues to move closer to more retirements, the talent pool with specialized expertise...

India: Pharmaceutical Market Continues To Be One of the Fastest Growing in the World

Pharmaceutical companies, both Indian and multi-nationals, should continue to leverage India’s large raw material base and the availability of a skilled workforce to maintain a competitive advantage over their peers. The sector, one of the largest in the world, is knowledge based, growing steadily and playing a major role in the Indian economy. India’s pharmaceutical industry’s worth is expected to...

India: Pharmaceutical Market Growth Reliant on Developing Marketing Professionals

While numerous experts expect India to continue to grow into a global market leader in the pharmaceutical arena, India will have to address a significant talent demand if it is to become the leader many expect. Beyond the obvious demand for researchers, chemists and other research and development professionals, the need for innovative and experienced marketing professionals will continue...

India: Significant Opportunity for Qualified Accountants

India continues to work with a significant understaffing when it comes to chartered accountants. India’s 225,000 chartered accountants (compared to 335,000 CPAs in the United Kingdom – a country 20X smaller than India) is dwarfed by its overall population and is nowhere near the number needed to help India continue to grow into a global economic power. In December 2013...