Employers worldwide are placing increasing importance on availability of contingent workers and skilled labor, according to ManpowerGroup Solutions’ fourth Contingent Workforce Index (CWI), which tracks the relative ease of sourcing, hiring and retaining contingent workforce in 75 countries.
The greatest shift in the Asia Pacific region is the movement of Singapore, the Philippines and India back into the top five in 2016. Hong Kong also appears in the top five.
In the new report, New Zealand leads for the second consecutive year, demonstrating an optimal environment for use of contingent labor: Availability, Cost Efficiency, Regulation and Productivity.
Singapore (2nd), the Philippines (3rd), Israel (4th) and India (5th) moved to the top of the leaderboard in 2016.
The United States and Canada fell from the top five global markets, dropping to sixth and seventh from second and third, respectively.
"Over the past year, we saw a shift in priorities that resulted in a change in the 2016 weighting attributed to workforce size," said Kate Donovan, Senior Vice President of ManpowerGroup Solutions.
"Employers are feeling the talent shortage. Availability of contingent workers, as well as skilled labor, is gaining prominence. As a result, we saw countries like China and India re-emerge into the top ten markets for availability of talent."