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Companies place for skills, not life-long careers - Manpower CEO

BERLIN (Reuters) - Companies are increasingly prioritising skills development rather than offering life-long careers, as technological change drives skills shortages in a...
Companies place for skills, not life-long careers - Manpower CEO © Reuters. FILE PHOTO: A worker sits at his desk in an office building in Washington, U.S., August 3, 2018. REUTERS/Brian Snyder/File Photo
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BERLIN (Reuters) - Companies are increasingly prioritising skills development rather than offering life-long careers, as technological change drives skills shortages in a post-pandemic world, the CEO of U.S. staffing company ManpowerGroup (NYSE:MAN) said.

Employers "are not promising a 15-year-long career. But they are promising that when you join that organisation you will develop skills that make you more valuable and more marketable about what you want to do next," Jonas Prising told Reuters in an interview published Friday.

Twenty years from now, the recruitment boss predicts that workers will be engaged in developing skills on a regular basis through their employment. "We will have more flexibility than we ever thought possible," Prising said.

At the same time, technology is changing what skills are required and driving skills shortages already accelerated by the COVID-19 pandemic.

"That is something that organisations, economies and labour markets will have to contend with in the long term," he said, adding that the current skills gap could grow wider in future if the workplace doesn't adapt.

ManpowerGroup, headquartered in Milwaukee, is active in over 75 countries and hires out 600,000 workers daily.

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21-02-2024 05:54:33 (UTC+7)

EUR/USD

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    EUR/USD 1.0809 Neutral  
    GBP/USD 1.2622 Neutral  
    USD/JPY 149.96 ↑ Sell  
    AUD/USD 0.6548 ↑ Sell  
    USD/CAD 1.3522 Neutral  
    EUR/JPY 162.09 ↑ Sell  
    EUR/CHF 0.9531 Neutral  
    Gold 2,035.90 ↑ Buy  
    Silver 23.043 ↑ Buy  
    Copper 3.8575 ↑ Buy  
    Crude Oil WTI 76.78 ↑ Buy  
    Brent Oil 82.58 ↑ Buy  
    Natural Gas 1.700 ↑ Buy  
    US Coffee C 188.03 ↑ Buy  
    Euro Stoxx 50 4,759.75 ↑ Sell  
    S&P 500 4,975.51 ↑ Buy  
    DAX 17,068.43 Sell  
    FTSE 100 7,719.21 ↑ Buy  
    Hang Seng 16,247.51 ↑ Buy  
    Small Cap 2000 2,003.65 ↑ Buy  
    IBEX 35 10,038.20 Sell  
    BASF 46.045 ↑ Sell  
    Bayer 28.77 Neutral  
    Allianz 249.40 Sell  
    Adidas 181.12 ↑ Buy  
    Lufthansa 7.339 ↑ Buy  
    Siemens AG 168.72 Neutral  
    Deutsche Bank AG 11.954 ↑ Sell  
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