#Manpower incorporated update
#Manpower incorporated plus

#Manpower incorporated plus

Our most recent ManpowerGroup Employment Outlook Survey of 40,000 employers in 30 plus countries conducted in the spring found companies plan more measured hiring for Q3 as they navigate a range of local and macro challenges from supply constraints to uneven consumer confidence and shifting purchasing priorities amid continued high inflation. We are also tracking softer commercial staffing demand due to decreased production in some manufacturing activities. Large tech enterprise companies have continued to substantially reduce headcounts. As I mentioned last quarter, we are seeing slower hiring trends across the board with particular impacts in certain sectors in the U.S and Europe. Reflecting on global labor markets and economic environment - although we continue to see labor markets demonstrate resilience around the world with continued low unemployment in many markets, some signs of broader economic pressures are emerging. And our data and experience tell us then as now that human capital augmented by tech is what will accelerate progress - companies that automate and digitize the most see the biggest productivity improvements and create the most jobs.Īnd the biggest challenge won't be the elimination of jobs it will be the need for new workforce skillsets at a speed and scale never seen before. Our panel roles and media interviews led me to reflect that we first discussed the impact of automation on jobs almost ten years ago at the World Economic Forum. The advancement of Generative AI and the impact on skills and jobs was a hot topic.

I'm just back from trips through Europe which included VivaTech, one of the world's largest technology and start-up events in Paris, where we were a key partner for the seventh year, showcasing our innovation and workforce expertise in our New Human Age lab. Slide 2 of our earnings release presentation further identifies forward-looking statements made in this call and factors that may cause our actual results to differ materially and information regarding reconciliation of non-GAAP measures.

#Manpower incorporated update

We assume no obligation to update or revise any forward-looking statements. Actual results might differ materially from those projected in the forward-looking statements.

These statements are based on management's current expectations or beliefs. This conference call includes forward-looking statements, including statements concerning economic and geopolitical uncertainty which are subject to known and unknown risks and uncertainties. And Jack will now cover the Safe Harbor language. I will then share some concluding thoughts before we start our Q&A session. I will start by going through some of the highlights of the quarter, then Jack will go through the second quarter results and guidance for the third quarter of 2023. For your convenience, we have included our prepared remarks within the Investor Relations section of our website at. Our Chief Financial Officer, Jack McGinnis, is with me today. Jonas Prising: Welcome to the second quarter conference call for 2023. I would now like to turn the call over to ManpowerGroup's Chairman and CEO, Jonas Prising. If you care to drop-off now, please do so. Operator: Welcome to ManpowerGroup's Second Quarter Earnings Results Conference Call. Reported EPS is $1.58 EPS, expectations were $1.62. (NYSE: MAN) Q2 2023 Earnings Call Transcript July 20, 2023