The aim of the Total Workforce IndexTM published by Manpower is to provide an indicator of workforce potential in different countries. According to the agency, the data and insights provided can inform workforce planning in fields such as capacity planning, cost savings, location strategies, organisational restructuring and remote work allocation. The index scores 76 global workforce markets based on over 200 factors and indicates how they score in four categories: availability, cost efficiency, regulation and productivity.
Strong workforce engagement
Luxembourg ranks 18th for its workforce engagement by the index, which is topped by the United States, New Zealand, Canada, Ireland and the United Kingdom. Luxembourg’s place is the 8th highest among the EU countries.
Luxembourg stands out in particular in the availability category, where it is among the top 5 countries worldwide. According to the study, workforce availability measures the relative comparison of the current skilled workforce in each market and the likely sustainability of that workforce based on demographic trends such as age and influx of immigrants. Markets scoring high in this category have the highest availability of skilled workers with:
- A high level of English proficiency or other high-demand languages such as Spanish and French
- High remote workforce readiness
- A relatively large, diverse contingent workforce