Comparison of the Top Five Markets for Workforce Regulation
Favorable regulatory environments are created when many types of workforce engagement are available to organizations and maximum contract lengths, notice periods and severance requirements are minimal or not required. The regulatory factors measured by the Total Workforce Index™ include topics such as severance and pension ages, geopolitical factors, contract limits and notice periods.
The top five markets in the regulatory category remain unchanged year-over-year which indicates stability in the regulation of each of the global workforce markets. Similar geopolitical factors in the top five markets allow them to maintain their previous rankings year-over-year. Some markets in the remainder of the top 10, however, did shift in ranking but not enough to impact the rankings in the top five.
More relaxed regulatory factors make these and similar markets more competitive for future investment in local employment. This is especially important in markets where the competition for certain skills is high. Some of these markets also have legislation that gives preferential visa treatment to immigrants with skills considered desirable in the current hiring market.