ManpowerGroup's Frankiewicz on 'Resilient' Labor Market

The Davos 2023 event focuses on growth, AI, and green initiatives. Companies are shifting their focus from public diversity and ESG initiatives to behind-the-scenes efforts due to workforce needs. The US labor market remains resilient despite immigration challenges, with a need for new skills and talent. Global population trends indicate talent shortages, especially in developed economies. The tone at Davos is optimistic, with global economies looking to the US for growth opportunities.

What is the main focus at Davos this year?

• Growth, AI, and green initiatives

• Reducing global poverty

• Advancing space exploration

• Promoting cultural exchange

How are companies approaching diversity and inclusion (DI) initiatives?

• They are working on them behind the scenes

• They are completely abandoning them

• They are leading with them in marketing

• They are focusing solely on ESG goals

What is a significant concern for the US labor market?

• Decreasing demand for labor

• Overabundance of skilled workers

• Lack of technological advancements

• Tightness due to immigration challenges

What is a major challenge faced by employers in the US?

• Excessive government regulations

• High employee turnover

• Decreasing wages

• Finding enough workers with specific skills

Where is population growth expected to occur, potentially impacting talent availability?

• Africa and India

• Australia and South America

• Europe and North America

• Antarctica and the Arctic