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Global Talent Shortage Reaches Turning Point as AI Skills Claim Top Spot
Prnewswire· 2026-02-26 14:31
Core Insights - The 2026 Talent Shortage Survey indicates that AI skills have become the most difficult for employers to find globally, surpassing traditional engineering and IT skills, with 72% of employers reporting hiring difficulties, a slight decrease from 74% the previous year [1][2] Group 1: Talent Shortage Overview - 72% of employers report difficulty filling roles, reflecting a significant shift in the talent landscape towards AI capabilities [1] - The largest companies (1,000-4,999 employees) report a 75% shortage rate, which is 11 percentage points higher than the smallest firms (under 10 employees at 64%) [1][2] - The Information industry faces the highest shortage at 75%, followed closely by Hospitality and Public Sector, Health & Social Services at 74% [1][2] Group 2: Employer Strategies - 91% of employers are employing a mix of strategies to address talent shortages, focusing on internal development and flexibility [1] - The leading strategies include Upskilling/Reskilling (27%), Schedule Flexibility (20%), and Location Flexibility (18%) [1][2] - To compete externally, Increasing Wages (19%) and Targeting New Talent Pools (18%) are critical strategies [1][2] Group 3: Skills Demand - AI Model & Application Development (20%) and AI Literacy (19%) are now the hardest-to-find skills, displacing traditional IT & Data skills which have fallen to seventh place [1][2] - Core human skills such as Communication, Collaboration & Teamwork (39%), Professionalism & Work Ethic (36%), and Adaptability & Willingness to Learn (34%) remain in high demand [1][2] Group 4: Geographic Variations - Talent scarcity varies significantly by location, with Germany (83%), France (74%), and the U.K. (73%) facing the most significant shortages, while the U.S. (69%) is slightly below the global average [1][2] - China (48%) is noted as the least constrained major market, indicating a fragmented global landscape [1][2]
nextSource Announces the Gallagher-Clewes Memorial Scholarship Honoring Leadership, Service, and Lifelong Growth
Globenewswire· 2026-02-25 15:39
NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- nextSource, Inc. is proud to announce the establishment of the Gallagher-Clewes Memorial Scholarship, a new annual program created to honor the lasting legacies of former nextSource leaders Jim Gallagher and Kristin Clewes. Rooted in their shared belief in people-centered leadership and continuous personal growth, the scholarship is designed to support eligible nextSource Associates pursuing education and professional development that fuels their careers and stren ...
BGSF, Inc. Announces Timing of Fourth Quarter and Full Year Fiscal 2025 Results and Earnings Conference Call
Accessnewswire· 2026-02-17 21:05
PLANO, TX / ACCESS Newswire / February 17, 2026 / BGSF, Inc. (NYSE:BGSF), a growing provider of workforce solutions for the specialized property management industry, today announces that it will release its fiscal 2025 fourth quarter and full year results on Wednesday, March 11, 2026, after the market close. In conjunction with the release, management will host an earnings conference call, a live teleconference, and a webcast at 9:00 am ET on Thursday, March 12, 2026. ...
Kelly Appoints Patrick McCall as Chief Growth Officer
Globenewswire· 2026-02-11 12:00
Core Insights - Kelly Services has appointed Patrick McCall as chief growth officer, effective February 16, 2026, to enhance organic growth and client capabilities [1][2] Company Overview - Kelly Services, Inc. is a global provider of specialty talent solutions, helping companies recruit and manage skilled workers while assisting job seekers in finding employment [6] - The company has a revenue of $4.3 billion in 2024 and connects over 400,000 people with work annually [6] Leadership Appointment - Patrick McCall brings 30 years of sales and operations experience, having previously served as chief growth officer at AMN Healthcare, where he stabilized the business post-pandemic [2][3] - McCall has a strong background in workforce solutions, having held senior roles at Randstad, where he managed a portfolio exceeding 3 billion euros [3] Strategic Focus - McCall's responsibilities will include developing and executing Kelly's growth strategy, managing large strategic accounts, acquiring new clients, and creating a client-centric go-to-market model [4]
ManpowerGroup Inc. (NYSE: MAN) Overview: Navigating Challenges with Optimism
Financial Modeling Prep· 2026-01-29 17:00
Core Insights - ManpowerGroup Inc. is a significant player in the workforce solutions industry, providing recruitment, training, and outsourcing services globally [1] - The consensus price target for ManpowerGroup has decreased from $39.78 to $32, indicating analyst caution due to weak hiring trends and foreign exchange risks, while BMO Capital maintains a higher target of $120, reflecting a more optimistic long-term outlook [2][6] - Recent financial performance shows revenue growth driven by strong staffing demand and tech-driven efficiency, but profitability remains a concern due to intense competition and market challenges [3][6] - Upcoming earnings releases, particularly the fourth-quarter 2025 results, are critical, with expectations of earnings at $0.82 per share and revenue around $4.6 billion, which will provide insights into the company's financial health [4] - The company's focus on career development in the context of AI and workforce transformation is essential for maintaining competitiveness, aligning with strategic initiatives that could impact future stock performance [5][6]
Employers Shift to Precision Hiring Strategy as Global Employment Outlook Holds at 24% Amid Evolving Economic Conditions
Prnewswire· 2025-12-09 14:31
Core Insights - Global employers are maintaining a stable hiring outlook for Q1 2026, with a Net Employment Outlook (NEO) of 24%, which is a 4% decrease year-over-year but a 4% increase from the previous quarter [1][2] Hiring Plans - 40% of organizations plan to increase staff, 40% will maintain current headcount, and 16% expect to reduce workforce levels [2] - Among those expanding, 37% cite organizational growth and 26% mention investment in new business areas as key motivators [2] - Only 19% of new hires are backfilling recent departures, indicating a shift in roles to meet current needs rather than simply refilling positions [2] Reasons for Workforce Reductions - 29% of employers planning headcount reductions cite economic challenges, 24% point to market changes reducing demand for certain roles, and 22% are reducing staff to align with current demand [3] - Only 20% attribute hiring hesitation to automation, emphasizing that economic conditions are the primary factor [3] Sector Insights - Employers in Finance & Insurance (32%), Information (29%), and Construction & Real Estate (27%) report the most optimistic hiring plans [6] - The Public Sector, Health & Social Services (20%), Utilities & Natural Resources (22%), and Trade & Logistics (23%) show the most cautious hiring plans [6] Regional Highlights - Asia Pacific (APAC) leads globally with a hiring outlook of 30%, unchanged quarter-over-quarter and up three points year-over-year, with India at 52% leading regional confidence [6] - The Americas have a second-strongest outlook at 26%, up one point quarter-over-quarter but down three points year-over-year, with Brazil at 54% leading globally [6] - North America stands at 25%, marking the region's lowest outlook since Q2 2021, down 22 points year-over-year [6] Organizational Size Impact - The largest organizations (5,000+ employees) report the weakest outlook at 21%, down 9 percentage points quarter-over-quarter and 25% year-over-year [4] - Mid-sized companies (250–999 employees) show the most optimistic outlook at 28% for Q1 [4]
BGSF, Inc. Delays Timing of Its Fiscal 2025 Third Quarter Results and Earnings Conference Call
Accessnewswire· 2025-11-06 04:30
Core Points - BGSF, Inc. has announced a delay in the release of its fiscal 2025 third quarter results, now scheduled for November 7, 2025, pre-market [1] - The delay is attributed to the additional time needed to finalize the accounting for the sale of the Professional division, specifically regarding its classification within discontinued and continuing operations [1] Company Summary - BGSF, Inc. is a provider of workforce solutions specifically for the specialized property management industry [1] - The company is taking necessary steps to ensure accurate financial reporting following the sale of a significant division [1]
YY Group Deepens Strategic Collaboration with KEENON Robotics to Advance Tech-Powered Hospitality Solutions
Prnewswire· 2025-11-03 12:36
Core Insights - YY Group Holding Limited has formalized a partnership with KEENON Robotics to deploy service robots in Southeast Asia's hospitality industry, aiming to enhance workforce efficiency and operational margins [1][3][5] Partnership Details - The partnership focuses on addressing manpower shortages and improving operational efficiency through AI-embodied robots, which will support various hotel operations while maintaining the human element of hospitality [3][4] - KEENON will provide robots designed for tasks such as banquet support and cleaning, enhancing reliability and consistency in service delivery [3][4] Strategic Goals - YY Group aims to leverage this partnership to create scalable growth opportunities and improve unit economics for clients by integrating robotics into their service models [5] - Pilot deployments are already in progress with select clients, setting the stage for broader expansion beyond Southeast Asia [5] Company Overview - YY Group is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia and beyond, operating in sectors like hospitality, logistics, retail, and healthcare [6][7] - The company utilizes proprietary digital platforms and IoT-driven systems to help clients manage fluctuating labor demands effectively [7] KEENON Robotics Overview - KEENON Robotics specializes in developing commercial service robots, utilizing advanced technologies such as AI and autonomous navigation, and has a global presence in over 60 countries [9][11] - The company focuses on enhancing operational efficiency and addressing workforce shortages across various industries, including hospitality and retail [11]
ManpowerGroup Reports 3rd Quarter 2025 Results
Prnewswire· 2025-10-16 11:30
Core Insights - ManpowerGroup reported a net earnings per diluted share of $0.38 for Q3 2025, down from $0.47 in the same period last year, with net earnings of $18.0 million compared to $22.8 million a year earlier [1][2] - Revenues for the third quarter reached $4.6 billion, reflecting a 2% increase from the prior year [1][12] - The company faced restructuring costs and currency translation losses due to hyperinflation in Argentina, which significantly impacted earnings per share [2][5] Financial Performance - The third quarter's earnings per share, excluding restructuring costs and currency losses, was $0.83, indicating a 39% decrease in constant currency [2] - On a constant currency basis, revenues decreased by 2%, while organic constant currency revenues increased by 1% compared to the prior year [3][12] - For the nine months ended September 30, 2025, net losses were $43.5 million, or $0.93 per basic share, compared to net earnings of $122.6 million, or $2.53 per diluted share in the prior year [5][16] Operational Highlights - The company experienced stabilization in demand in North America and Europe, contributing to improved revenue trends after 11 consecutive quarters of declines [4] - The gross profit margin for Q3 was 16.6%, affected by lower recruitment activity and a shift in business mix [12] - Selling and administrative expenses decreased year-over-year due to additional restructuring actions taken during the quarter [12] Future Outlook - ManpowerGroup anticipates diluted earnings per share for Q4 2025 to be between $0.78 and $0.88, factoring in an estimated favorable currency impact of 8 cents [5] - The company is focused on increasing market share and driving efficiency through structural cost removal initiatives [4]
YY Group Launches Bursary Award for Gig Workers Pursuing Higher Education
Prnewswire· 2025-10-13 12:00
Core Insights - YY Group Holding Limited has launched the YY Circle Bursary Award to support higher education for Singaporean workers on its staffing platform, reflecting its commitment to corporate social responsibility and educational development [1][2]. Company Overview - YY Group is a technology-enabled platform based in Singapore, providing flexible workforce solutions and integrated facility management (IFM) services across Asia and beyond [3][4]. - The company operates in two main verticals: on-demand staffing and IFM, serving industries such as hospitality, logistics, retail, and healthcare [3][4]. Bursary Award Details - The YY Circle Bursary Award is aimed at full-time Singaporean students in polytechnics and universities, with awards based on Per Capita Income (PCI) eligibility to assist those in financial need [2]. - The award amount varies according to the applicant's level of study and PCI bracket, emphasizing the initiative's focus on supporting the next generation of leaders in Singapore [2].