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Yahoo
5 days ago
- Business
- Yahoo
Kelly Engineering Named Back-to-Back Contingent Staffing Star Performer, Leader by Everest Group
Recognition highlights year-over-year growth in market impact, vision and investments Everest Group US Engineering Contingent Talent and Strategic Solutions PEAK Matrix 2025 TROY, Mich., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Kelly® Engineering, a division of leading specialty talent solutions provider Kelly (Nasdaq: KELYA, KELYB), has been named a Star Performer and Leader on Everest Group's 2025 US Contingent Staffing PEAK Matrix® Assessment. The recognition marks the second straight year Kelly Engineering has been positioned as a Star Performer and the fourth consecutive year it has been named a Leader by Everest Group, highlighting its exceptional growth in market impact, vision and strategic investments. Kelly Engineering achieved this designation by continuing to diversify its industry coverage and sourcing capabilities for advanced engineering roles. Everest Group noted that Kelly Engineering has one of the highest organic revenue growth rates in the industry with well-established capabilities in managed services, a strong vision, and strategic investments to enhance its technology stack, including advanced AI integrations. 'Recognition as a four-time Leader and repeat Star Performer is a rare and outstanding achievement in our industry. In addition to performing consistently at a high level, you must anticipate clients' needs and evolve to offer the solutions they demand in an ever-changing market,' said Linda Stuit, Kelly Engineering Senior Vice President. 'This assessment reflects that at Kelly we don't simply fill roles for our clients; we're helping them solve some of the biggest engineering challenges with speed and at scale.' Everest Group's PEAK Matrix® assesses contingent staffing providers in seven categories: vision and strategy, delivery of output-based staffing solutions, learning and upskilling solutions, market impact, technology capabilities, equity and inclusion solutions, and future investments. They are ranked as Leaders, Major Contenders, or Aspirants. Star Performers are identified based on year-over-year performance movement on the PEAK Matrix®. 'Kelly Engineering has demonstrated strong capabilities in delivering engineering contingent talent solutions through its specialized focus on high-skilled engineering disciplines and comprehensive outcome-based offerings through the statementworX suite. Its dedicated investments in automation, digital onboarding, AI-enabled sourcing, robust upskilling and learning offerings, as well as its strong delivery capabilities, have contributed to its recognition as a Leader and Star Performer on Everest Group's US Engineering Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2025,' said Priyanka Mitra, Vice President, Everest Group. In addition to Everest Group's findings, Kelly Engineering was also recognized by Staffing Industry Analysts (SIA) as the fourth-largest engineering staffing firm in the United States in 2025. Kelly Engineering focuses on recruiting skilled engineers across industries like semiconductors, industrial automation, automotive, medical devices, aerospace, energy, and chemical manufacturing. It offers a comprehensive range of services, including a suite of flexible statement of work (SOW) solutions called statementworX™, contract staffing, and direct hire services, all designed to help clients find top talent quickly and efficiently. As the experts at empowering experts, nearly all Kelly Engineering recruiters have an engineering background. About Kelly EngineeringKelly Engineering creates expert talent solutions to solve the world's most critical challenges. As the fourth-ranked engineering staffing provider in the U.S., we connect thousands of engineers each year to careers on the cutting edge of their fields—from sustainable mobility and energy to medical device and biopharmaceutical manufacturing. We give our clients a competitive edge by offering a full range of flexible workforce solutions, including a suite of statement of work (SOW) services called statementworX, contract staffing, and direct hire. Visit our website and follow us on X and LinkedIn to discover what's next in engineering. About Everest GroupEverest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at DisclaimerLicensed extracts taken from Everest Group's PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group's PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group's analysts and included in Everest Group's PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports. Media ContactChristian A photo accompanying this announcement is available at This press release was published by a CLEAR® Verified individual.
Malaysian Reserve
17-07-2025
- Business
- Malaysian Reserve
ManpowerGroup Reports 2nd Quarter 2025 Results
Revenues of $4.5 billion (flat as reported, -3% constant currency (CC), -1% organic CC) Latin America and Asia Pacific continued to experience good demand while demand in Europe and North America saw stabilizing trends in many markets during the quarter Manpower and Talent Solutions brands crossed back over to revenue growth in the quarter while Experis experienced declines on sluggish professional staffing demand Gross profit margin of 16.9% reflects a slight decrease from the previous quarter reflecting business mix changes impacting staffing while permanent recruitment activity levels remained stable SG&A declined year over year with additional restructuring actions taken in the quarter Non-cash goodwill impairment charge of $89 million during the quarter MILWAUKEE, July 17, 2025 /PRNewswire/ — ManpowerGroup (NYSE: MAN) today reported net losses of $1.44 per basic share for the three months ended June 30, 2025 compared to net earnings of $1.24 per diluted share in the prior year period. Net losses in the quarter were $67.1 million compared to net earnings of $60.1 million a year earlier. Revenues for the second quarter were $4.5 billion, flat from the prior year period. The current year quarter included a non-cash goodwill and intangible asset impairment charge1, restructuring costs, and net losses from the sale of businesses2, which will operate as franchises going forward, which reduced earnings per share by $2.22 in the second quarter. Excluding these charges, earnings per share was $0.78 per diluted share in the quarter representing a decrease of 43% in constant currency.3 Financial results in the quarter were also impacted by the U.S. dollar relative to foreign currencies compared to the prior year period.4 On a constant currency basis, revenues decreased 3% compared to the prior year period and on an organic constant currency basis, revenues decreased 1% compared to the prior year period. Jonas Prising, ManpowerGroup Chair & CEO, said 'During the quarter, we continued to make strong progress in executing our plans to Diversify, Digitize and Innovate – with a focus on expanding our role as the strategic workforce partner of choice for our clients as tech transformation gathers pace. Although demand remains mixed across our global markets as employers adapt to economic and geopolitical volatility, we are beginning to see positive signs of stabilization in the US and parts of Europe. We remain focused on achieving market share gains while we make further adjustments to our cost base. Our ongoing investments in strengthening our digital core to accelerate AI adoption will ensure we are well positioned to accelerate progress and provide even more value to clients and candidates in future quarters.' We anticipate diluted earnings per share in the third quarter will be between $0.77 and $0.87, which includes an estimated favorable currency impact of 3 cents and a 48.0% effective tax rate.' Net losses for the six months ended June 30, 2025 were $61.5 million, or net losses of $1.32 per basic share compared to net earnings of $99.8 million, or net earnings of $2.05 per diluted share in the prior year, respectively. The current year-to-date period included restructuring costs, net losses from the sale of businesses, which will operate as franchises going forward, and a non-cash goodwill and intangible asset impairment charge which reduced earnings per share by $2.54. Excluding the net impact of these charges, earnings per share for the six-month period was $1.22 per diluted share representing a decrease of 47% in constant currency.5 Revenues for the six-month period were $8.6 billion, representing a decrease of 4% compared to the prior year on a reported and constant currency basis. Earnings per share for the six-month period were negatively impacted by 6 cents due to changes in foreign currencies compared to the prior year.6 In conjunction with its second quarter earnings release, ManpowerGroup will broadcast its conference call live over the Internet on July 17, 2025 at 7:30 a.m. central time (8:30 a.m. eastern time). Prepared remarks for the conference call, webcast details, presentation and recordings are included within the Investor Relations section of Supplemental financial information referenced in the conference call can be found at About ManpowerGroupManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2025 ManpowerGroup was named one of the World's Most Ethical Companies for the 16th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit Forward-Looking StatementsThis press release contains statements, including statements regarding global economic and geopolitical uncertainty, trends in labor demand and the future strengthening of such demand, financial outlook, the outlook for our business in regions in which we operate as well as key countries within those regions, and the Company's strategic initiatives and technology investments, including investments to accelerate AI adoption, and the positioning of future growth for our brands that are forward-looking in nature and, accordingly, are subject to risks and uncertainties regarding the Company's expected future results. The Company's actual results may differ materially from those described or contemplated in the forward-looking statements due to numerous factors. These factors include those found in the Company's reports filed with the SEC, including the information under the heading 'Risk Factors' in its Annual Report on Form 10-K for the year ended December 31, 2024, which information is incorporated herein by reference. The Company assumes no obligation to update or revise any forward-looking statements. We reference certain non-GAAP financial measures, which we believe provide useful information for investors. We include a reconciliation of these measures, where appropriate, to GAAP on the Investor Relations section of our website at 1 $55 million of goodwill and intangible impairment on Switzerland and $34 million of goodwill impairment on U.K. businesses. 2 South Africa and New Caledonia were sold and will operate as franchises going forward. 3 The prior year period included various adjustments which reduced earnings per share by $0.06 which are also excluded when determining the year over year adjusted trend. 4 The second quarter earnings per share guidance estimated a positive 3 cents foreign currency impact and the actual impact was a positive 4 cents and as adjusted. 5 The prior year period included losses related to the Proservia Germany business and Argentina hyperinflationary related non-cash currency translation losses which reduced earnings per share by $0.20 which are also excluded when determining the year over year trend. 6 Adjusted earnings per share for the six-month period were positively impacted by 2 cents due to changes in foreign currencies compared to the prior year. ManpowerGroup Results of Operations (In millions, except per share data) Three Months Ended June 30 % Variance Amount Constant 2025 2024 Reported Currency (Unaudited) Revenues from services (a) $ 4,519.3 $ 4,520.7 0.0 % -3.5 % Cost of services 3,755.6 3,734.8 0.6 % -3.0 % Gross profit 763.7 785.9 -2.8 % -5.8 % Selling and administrative expenses, excluding impairment charges 700.3 684.8 2.3 % 0.3 % Impairment charges (b) 88.7 – N/A N/A Selling and administrative expenses 789.0 684.8 15.2 % 12.2 % Operating (loss) profit (25.3) 101.1 -125.0 % -127.9 % Interest and other expenses, net 16.5 8.7 89.1 % (Loss) earnings before income taxes (41.8) 92.4 -145.3 % -144.0 % Provision for income taxes 25.3 32.3 -21.9 % Net (loss) earnings $ (67.1) $ 60.1 -211.6 % -208.2 % Net (loss) earnings per share – basic $ (1.44) $ 1.25 -215.4 % Net (loss) earnings per share – diluted $ (1.44) $ 1.24 -216.3 % -212.8 % Weighted average shares – basic 46.5 47.9 -3.0 % Weighted average shares – diluted 46.5 48.4 -4.0 % (a) Revenues from services include fees received from our franchise offices of $4.4 million and $4.0 million for the three months ended June 30, 2025 and 2024, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $428.7 million and $287.7 million for the three months ended June 30, 2025 and 2024, respectively. (b) Impairment charges for the three months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business. ManpowerGroup Operating Unit Results (In millions) Three Months Ended June 30 % Variance Amount Constant 2025 2024(a) Reported Currency (Unaudited) Revenues from Services: Americas: United States (b) $ 674.1 $ 697.0 -3.3 % -3.3 % Other Americas 385.9 367.4 5.1 % 11.9 % 1,060.0 1,064.4 -0.4 % 2.0 % Southern Europe: France 1,149.3 1,164.1 -1.3 % -6.3 % Italy 475.9 434.9 9.4 % 3.9 % Other Southern Europe 524.1 499.0 5.0 % -0.6 % 2,149.3 2,098.0 2.4 % -2.8 % Northern Europe 794.4 837.3 -5.1 % -10.4 % APME 525.3 541.4 -3.0 % -8.0 % 4,529.0 4,541.1 Intercompany Eliminations (9.7) 20.4 $ 4,519.3 $ 4,520.7 0.0 % -3.5 % Operating Unit Profit (Loss): Americas: United States $ 19.7 $ 27.4 -28.4 % -28.4 % Other Americas 16.4 17.7 -6.6 % -1.9 % 36.1 45.1 -19.9 % -18.0 % Southern Europe: France 32.3 39.8 -19.0 % -23.2 % Italy 31.8 34.0 -6.2 % -11.1 % Other Southern Europe 9.2 9.4 -1.8 % -5.8 % 73.3 83.2 -11.9 % -16.3 % Northern Europe (9.0) (2.4) -279.7 % -526.6 % APME 26.4 25.0 5.0 % 2.2 % 126.8 150.9 Corporate expenses (55.1) (41.7) Impairment charges (c) (88.7) – Intangible asset amortization expense (8.3) (8.1) Operating (loss) profit (25.3) 101.1 -125.0 % -127.9 % Interest and other expenses, net (d) (16.5) (8.7) (Loss) earnings before income taxes $ (41.8) $ 92.4 (a) Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France, is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation. (b) In the United States, revenues from services include fees received from our franchise offices of $2.6 million and $3.2 million for the three months ended June 30, 2025 and 2024, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $87.1 million and $99.8 million for the three months ended June 30, 2025 and 2024, respectively. (c) Impairment charges for the three months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business. (d) The components of interest and other expenses, net were: 2025 2024 Interest expense $ 26.0 $ 22.0 Interest income (8.2) (8.6) Foreign exchange loss 1.3 1.8 Miscellaneous income, net (2.6) (6.5) $ 16.5 $ 8.7 ManpowerGroup Results of Operations (In millions, except per share data) Six Months Ended June 30 % Variance Amount Constant 2025 2024 Reported Currency (Unaudited) Revenues from services (a) $ 8,609.6 $ 8,924.0 -3.5 % -4.0 % Cost of services 7,147.6 7,374.4 -3.1 % -3.6 % Gross profit 1,462.0 1,549.6 -5.7 % -6.0 % Selling and administrative expenses, excluding impairment charges 1,370.4 1,382.6 -0.9 % -0.8 % Impairment charges (b) 88.7 – N/A N/A Selling and administrative expenses 1,459.1 1,382.6 5.5 % 5.1 % Operating profit 2.9 167.0 -98.3 % -98.2 % Interest and other expenses, net 28.0 17.1 63.7 % (Loss) earnings before income taxes (25.1) 149.9 -116.8 % -114.8 % Provision for income taxes 36.4 50.1 -27.3 % Net (loss) earnings $ (61.5) $ 99.8 -161.6 % -159.0 % Net (loss) earnings per share – basic $ (1.32) $ 2.07 -163.7 % Net (loss) earnings per share – diluted $ (1.32) $ 2.05 -164.3 % -161.5 % Weighted average shares – basic 46.7 48.1 -3.0 % Weighted average shares – diluted 46.7 48.7 -4.1 % (a) Revenues from services include fees received from our franchise offices of $8.2 million and $7.3 million for the six months ended June 30, 2025 and 2024, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $847.1 million and $564.9 million for the six months ended June 30, 2025 and 2024, respectively. (b) Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business. ManpowerGroup Operating Unit Results (In millions) Six Months Ended June 30 % Variance Amount Constant 2025 2024(a) Reported Currency (Unaudited) Revenues from Services: Americas: United States (b) $ 1,362.9 $ 1,377.4 -1.1 % -1.1 % Other Americas 753.8 723.4 4.2 % 12.5 % 2,116.7 2,100.8 0.8 % 3.6 % Southern Europe: France 2,115.0 2,263.4 -6.6 % -7.8 % Italy 873.7 839.2 4.1 % 2.7 % Other Southern Europe 994.6 976.7 1.8 % 0.0 % 3,983.3 4,079.3 -2.4 % -3.8 % Northern Europe 1,525.2 1,707.6 -10.7 % -12.4 % APME 1,001.7 1,076.5 -7.0 % -8.6 % 8,626.9 8,964.2 Intercompany Eliminations (17.3) (40.2) $ 8,609.6 $ 8,924.0 -3.5 % -4.0 % Operating Unit Profit (Loss): Americas: United States $ 31.0 $ 39.4 -21.3 % -21.3 % Other Americas 30.6 31.8 -3.7 % 2.5 % 61.6 71.2 -13.5 % -10.7 % Southern Europe: France 53.3 72.5 -26.6 % -28.1 % Italy 56.4 61.4 -8.1 % -9.6 % Other Southern Europe 13.8 19.2 -27.9 % -29.5 % 123.5 153.1 -19.3 % -20.9 % Northern Europe (27.3) (2.4) -1057.5 % -1316.3 % APME 46.4 44.9 3.2 % 2.3 % 204.2 266.8 Corporate expenses (96.2) (83.4) Impairment charges (c) (88.7) – Intangible asset amortization expense (16.4) (16.4) Operating profit 2.9 167.0 -98.3 % -98.2 % Interest and other expenses, net (d) (28.0) (17.1) (Loss) earnings before income taxes $ (25.1) $ 149.9 (a) Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France, is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation. (b) In the United States, revenues from services include fees received from our franchise offices of $4.8 million and $5.6 million for the six months ended June 30, 2025 and 2024, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $164.0 million and $187.2 million for the six months ended June 30, 2025 and 2024, respectively. (c) Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business. (d) The components of interest and other expenses, net were: 2025 2024 Interest expense $ 48.5 $ 42.4 Interest income (15.1) (16.7) Foreign exchange loss 2.2 4.2 Miscellaneous income (7.6) (12.8) $ 28.0 $ 17.1 ManpowerGroup Consolidated Balance Sheets (In millions) Jun. 30, Dec. 31, 2025 2024 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 289.8 $ 509.4 Accounts receivable, net 4,641.3 4,297.2 Prepaid expenses and other assets 212.0 163.7 Total current assets 5,143.1 4,970.3 Other assets: Goodwill 1,549.0 1,563.4 Intangible assets, net 445.1 486.1 Operating lease right-of-use assets 419.4 361.3 Other assets 819.6 701.5 Total other assets 3,233.1 3,112.3 Property and equipment: Land, buildings, leasehold improvements and equipment 546.4 488.2 Less: accumulated depreciation and amortization 417.3 369.8 Net property and equipment 129.1 118.4 Total assets $ 8,505.3 $ 8,201.0 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 2,557.2 $ 2,612.9 Employee compensation payable 223.6 241.1 Accrued payroll taxes and insurance 663.6 615.2 Accrued liabilities 499.7 475.1 Value added taxes payable 398.8 370.8 Short-term operating lease liability 108.7 98.6 Short-term borrowings and current maturities of long-term debt 815.4 23.4 Total current liabilities 5,267.0 4,437.1 Other liabilities: Long-term debt 470.3 929.4 Long-term operating lease liability 328.2 279.0 Other long-term liabilities 444.6 428.6 Total other liabilities 1,243.1 1,637.0 Shareholders' equity: ManpowerGroup shareholders' equity Common stock 1.2 1.2 Capital in excess of par value 3,560.9 3,546.1 Retained earnings 3,717.5 3,812.3 Accumulated other comprehensive loss (450.9) (443.0) Treasury stock, at cost (4,834.3) (4,791.4) Total ManpowerGroup shareholders' equity 1,994.4 2,125.2 Noncontrolling interests 0.8 1.7 Total shareholders' equity 1,995.2 2,126.9 Total liabilities and shareholders' equity $ 8,505.3 $ 8,201.0 ManpowerGroup Consolidated Statements of Cash Flows (In millions) Six Months Ended June 30, 2025 2024 (Unaudited) Cash Flows from Operating Activities: Net (loss) earnings $ (61.5) $ 99.8 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 43.4 43.0 Loss on sales of subsidiaries, net 6.2 – Non-cash Impairment of goodwill and other intangible assets 88.7 – Deferred income taxes 4.5 7.8 Provision for doubtful accounts 1.9 3.7 Share-based compensation 15.3 15.0 Changes in operating assets and liabilities: Accounts receivable 7.9 107.9 Other assets (92.4) (70.1) Accounts payable (209.6) (76.7) Other liabilities (147.2) (152.3) Cash used in operating activities (342.8) (21.9) Cash Flows from Investing Activities: Capital expenditures (31.3) (23.7) Acquisition of business, net of cash acquired (1.0) – Impact to cash resulting from sales of subsidiaries (2.1) – Proceeds from the sale of property and equipment 0.4 2.1 Cash used in investing activities (34.0) (21.6) Cash Flows from Financing Activities: Net change in short-term borrowings 67.1 49.2 Net proceeds from revolving debt facility 136.0 76.0 Proceeds from long-term debt 0.1 0.5 Repayments of long-term debt (0.4) (1.0) Payments of contingent consideration for acquisition (1.3) (2.8) Proceeds from share-based awards – 0.7 Payments to noncontrolling interests – (0.2) Other share-based award transactions (6.0) (10.5) Repurchases of common stock and excise tax (38.2) (77.0) Dividends paid (33.3) (73.5) Cash provided by (used in) financing activities 124.0 (38.6) Effect of exchange rate changes on cash 33.2 (30.3) Change in cash and cash equivalents (219.6) (112.4) Cash and cash equivalents, beginning of period 509.4 581.3 Cash and cash equivalents, end of period $ 289.8 $ 468.9
Entrepreneur
02-07-2025
- Business
- Entrepreneur
90% of Organisations Consider Skills-Related Initiatives Highly Important: Aon Survey
Almost 40 percent of organisations are at the critical stage of developing talent strategies and programs tailored around new and future skills. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. About 90 per cent of organisations across the Asia Pacific region consider skills-related initiatives to be highly important, according to a survey by Aon plc, a leading global professional services firm. Aon's insights from its 2025 Asia Pacific (APAC) Skills Impact Survey Report, identifies critical skill gaps and assesses workforce readiness to guide strategic talent development across the APAC region. The study gathered input from over 135 organisations across APAC to identify common challenges businesses face in integrating skills into workforce decision-making, strategies, and whether organisations are beginning to prioritise skills over experience. "As businesses face an increasingly dynamic environment, there is a strong need for relevant future-ready skills over traditional work experience to build a resilient and agile workforce," said Puneet Swani, head of Talent Solutions for APAC at Aon. "Organisations must prioritise skills development and leverage people analytics to improve HR and business outcomes. By doing so, they can foster a resilient and adaptable workforce ready to meet future challenges," Swani added. The survey found that the value of skills is critical for attracting and retaining talent, enhancing workforce agility and resilience, and building strong leaders. Almost 40 percent of organisations are at the critical stage of developing talent strategies and programs tailored around new and future skills. Furthermore, 68 per cent of organisations have an articulated skills framework as the foundation for such practices. Overall, 44 per cent of organisations are exploring technology tools, assessment platforms and external benchmarks for skills identification, but over half (56 per cent) still depend on traditional methods such as job descriptions and manager surveys. Top skills influencing talent practices include career development and mobility, learning and development, recruitment and selection, succession planning and workforce planning. The study also found organisations are using skills information for employee career development, with nearly 40 per cent of respondents already aligning skills with lateral role opportunities for colleagues. This strategy enhances employee experience and data shows it boosts candidate success rates. The survey expects within the next 12 - 24 months, around 45 per cent of organisations will adopt the practice of aligning skills with lateral opportunities for colleagues. However, the survey respondents have identified barriers in advancing the skills agenda in their organisations. Maggie You, head of people advisory for APAC at Aon, said, "The top challenges for progressing with skills initiatives include limited budget and resources, measuring program effectiveness, and identifying relevant skills. To overcome these barriers, organisations must take small steps by starting with pilot programs, using objective assessments and clear KPIs, engaging business stakeholders, and aligning skills frameworks with job architecture and external benchmarks."
National Post
01-07-2025
- Business
- National Post
LTIMindtree Launches GCC-as-a-Service
Article content An integrated, AI-powered offering with deep industry expertise to drive growth and transformation Article content WARREN, N.J. & MUMBAI, India — LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company today introduced its GCC-as-a-Service. The services cater to organizations that may want to set up GCCs, scale their existing ones to optimize costs and create added value. The catalogue covers a spectrum of Build, Operate, Transform and Transfer services, offering clients the option to pick and choose what they require. Article content Article content GCC-as-a-Service Article content commercials are designed on a per-seat or per service basis to ensure cost optimization and value realization. LTIMindtree's Talent Solutions, part of our Build Services enables clients efficiently onboard business-ready talent from day one through its in-house AI-powered talent acquisition ecosystem. As a part of Transform Services, the Company provides industry specific offerings; technological solutions and frameworks that lead to acceleration of value realization. Clients will be able to leverage its BlueVerse Agentic AI Ecosystem with industry and function specific agents as well as its AI studios across the world to accelerate their AI journey. Article content Venu Lambu, Chief Executive Officer and Managing Director, LTIMindtree Article content , said, 'GCCs are becoming strategic centers for industry-specific transformation and efficiency. LTIMindtree's Article content GCC-as-a-Service Article content helps enterprises build, scale, and evolve their GCCs into global innovation hubs, leveraging our BlueVerse ecosystem to drive next-gen capabilities and gain a competitive edge with scalable, responsible AI.' Article content LTIMindtree' s GCC-as-a-Service includes: Article content Build: End-to-end support for setting up entities, ensuring legal and compliance readiness, and building infrastructure in major global cities. Services include operational enablement for finance, accounting, tax, workspace setup, and IT. Operate: Services include transition management, program governance, delivery excellence, and knowledge management. This is further enhanced through LTIMindtree's Talent Engage platform and LTIMindtree Shoshin, an AI-based learning platform for building industry, technology, and soft skills. Transform: Full suite of transformation enablers including industry-specific offerings, technology solutions and frameworks. Clients can also access LTIMindtree's AI studios across the US, Europe, and India. Transfer: Structured transition services covering talent migration, capability handover, change management and knowledge transfer to ensure long-term success and continuity. Article content To learn more about LTIMindtree's GCC-as-a-Service please click here. About LTIMindtree: LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 84,000+ talented and entrepreneurial professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Michelle Kumar | Global Media Relations | Article content Article content
Yahoo
01-07-2025
- Business
- Yahoo
LTIMindtree Launches GCC-as-a-Service
An integrated, AI-powered offering with deep industry expertise to drive growth and transformation WARREN, N.J. & MUMBAI, India, July 01, 2025--(BUSINESS WIRE)--LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company today introduced its GCC-as-a-Service. The services cater to organizations that may want to set up GCCs, scale their existing ones to optimize costs and create added value. The catalogue covers a spectrum of Build, Operate, Transform and Transfer services, offering clients the option to pick and choose what they require. GCC-as-a-Service commercials are designed on a per-seat or per service basis to ensure cost optimization and value realization. LTIMindtree's Talent Solutions, part of our Build Services enables clients efficiently onboard business-ready talent from day one through its in-house AI-powered talent acquisition ecosystem. As a part of Transform Services, the Company provides industry specific offerings; technological solutions and frameworks that lead to acceleration of value realization. Clients will be able to leverage its BlueVerse Agentic AI Ecosystem with industry and function specific agents as well as its AI studios across the world to accelerate their AI journey. Venu Lambu, Chief Executive Officer and Managing Director, LTIMindtree, said, "GCCs are becoming strategic centers for industry-specific transformation and efficiency. LTIMindtree's GCC-as-a-Service helps enterprises build, scale, and evolve their GCCs into global innovation hubs, leveraging our BlueVerse ecosystem to drive next-gen capabilities and gain a competitive edge with scalable, responsible AI." LTIMindtree' s GCC-as-a-Service includes: Build: End-to-end support for setting up entities, ensuring legal and compliance readiness, and building infrastructure in major global cities. Services include operational enablement for finance, accounting, tax, workspace setup, and IT. Operate: Services include transition management, program governance, delivery excellence, and knowledge management. This is further enhanced through LTIMindtree's Talent Engage platform and LTIMindtree Shoshin, an AI-based learning platform for building industry, technology, and soft skills. Transform: Full suite of transformation enablers including industry-specific offerings, technology solutions and frameworks. Clients can also access LTIMindtree's AI studios across the US, Europe, and India. Transfer: Structured transition services covering talent migration, capability handover, change management and knowledge transfer to ensure long-term success and continuity. To learn more about LTIMindtree's GCC-as-a-Service please click here. About LTIMindtree: LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 84,000+ talented and entrepreneurial professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit View source version on Contacts Media Contact: Michelle Kumar | Global Media Relations | Shambhavi Revandkar | Global Media Relations | Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
