Global Workforce Trends. Quarterly Market Report September 2017

Global Trends Quarterly Market Report September 2017

Global Table of Contents Global Trends Regional Highlights Detailed Country Level Analysis North, South, & Central America Europe, Middle East, & Africa Asia-Pacific ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 2

Global This report is intended to provide an overview of general business information relative to global employment conditions and considerations. It should not be interpreted as legal advice. Please consult with legal counsel to ensure that you are in compliance with all applicable laws. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 3

Global Global Trends ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 4

Global Q3 17 Global Trends Informal Workers rising by 5-8% globally Restrictions on Migrant Workers increase sourcing reliance in-country Paid Leave & Pension Contributions are fastest increasing burdens globally Continuing Education is morphing into Skills Redevelopment (MFG in particular) Legislative Changes Tax, visa, burdens, contracts reporting, payrolling and overtime Generational Skills Availability, demographics, experience, education and tenure Talent Migration Patterns Talent, sustainability, movement, language proficiency and access Payrolling Tax is rising by an average of 1.2% Less than 2% of global employers Upskilling Current Compensation Analysis Salaries, pay rates, burdens, incentives, schedules and severance ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 5 Source: ManpowerGroup Solutions 2017

Global Top Five Global Labor Markets ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 6 Source: ManpowerGroup Solutions 2017

Global Retention Efforts are Increasing Focus that Reinforce Productivity, yet Escalate Labor Costs ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 7 Source: ManpowerGroup Solutions 2017

Global Informal Workers Represent Higher % of in Less Mature Markets ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 8 Source: ManpowerGroup Solutions 2017

Global Flexibility in labor law, but these countries require dedicated programs Flexible legislation and abundant workers enable MSP delivery in these markets usually leveraged on price 1 Relative rank calculated based on active regulations related to contractual terms, costs or labor and termination, hiring and firing restrictions, and enforced consequences 2 Relative rank determined by MSP awareness, knowledge, and adoption More innovative models not restricted An established partner is required in to contingent labor are necessary these markets to manage labor legislation and achieve flexibility and efficiency ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 9 Source: ManpowerGroup Solutions 2017

Global Global Parity Tracker: Full Pay & Benefit Parity Australia Bahrain Belarus Bolivia Chile Costa Rica Dominican Rep. Ecuador El Salvador No Parity Required Guatemala Israel Macau Monaco Morocco New Zealand Panama Paraguay Philippines Puerto Rico Serbia Singapore Thailand Tunisia UAE Ukraine Just Benefit Parity Canada Hong Kong Japan Mexico USA* Just Pay Parity Colombia Croatia India Lithuania Romania Russia Switzerland Turkey Vietnam Argentina Austria Belgium Brazil Bulgaria China Croatia Czech Rep. Denmark Estonia Finland France Germany Greece Honduras Hungary India Ireland Italy Kazakhstan Korea (South) Latvia Luxembourg Malaysia Netherlands Nicaragua Norway Peru Poland Portugal Slovakia Slovenia South Africa Spain Sweden Taiwan United Kingdom Uruguay Venezuela USA* Full benefit parity is not required but the Healthcare Reform Bill is moving the USA in this direction ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 10 ManpowerGroup Proprietary & Confidential Source: ManpowerGroup Solutions 2017

Global Regional Highlights ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 11

Strategic Update on Americas North America Employment in Mexico had been continually rising since August 2014 due to efforts to increase operating capacity and continued expectations of increased output. Latin America In Peru, labor market regulations discourage entrepreneurs from formally incorporating their business activity and instead pay workers under the table. According to the International Monetary Fund, labor laws that offer generous protection to workers result in ~53% of Peru s workforce being outside the formal job market, with no protection, no social security or unemployment contributions and paying no taxes. Chile's jobless rate remained stable at 7.0% during the second quarter. Brazil has amended its Labor Code and related regulations through the implementation of significantly less restrictive rules which are more consistent with present-day employment relationships than the previous codes enacted in 1945. In Canada, the Keep Ontario Working Coalition, which includes groups such as the Ontario Chamber of Commerce and the Retail Council of Canada, warned that as many as 185,000 jobs will be jeopardized by a proposed bundle of employment changes including the $15 minimum wage on January 1, 2019. In late July, the United States government said it would resume fast processing of H 1B visas requested by institutions of higher education and nonprofit and governmental research organizations while leaving in place a longer approval time for companies that use the visas. More than 517,000 Mexican workers gained access to social security in the first half of 2017, a 17% increase from a year ago and the most in at least two decades. Official data showed the percentage of workers in the informal economy has fallen to 57.2%, down from a peak of 60% during the 2009 global crisis. Proprietary & Confidential 12 Source: ManpowerGroup Solutions 2017

Strategic Update on EMEA Eastern Europe Eastern Europe faces the end of an economic era with employment rates at record highs, and workers demanding wages closer to western levels, the cheaplabor model that has driven growth is on the way out. With record low unemployment rates of ~3.7% across the region, wages are rising faster than in the West led by Hungary with a 12.8% year-on-year increase. The Czech Republic s manufacturing industry now accounts for the largest proportion of its economy compared with others in the EU, and represents more than a third of all employment. Increased competition from new players in Eastern Europe leveraging skilled manpower in digital technologies has become a key challenge for the Indian IT- BPM sector. Western Europe France and other West European countries have been growingly opposed to people from poorer East European countries of the European Union working for wages that are common in their home countries as these wages often do not reach the legal level of the minimum pay in the west of the EU. A major German bank s most likely Brexit scenario foresees shifting about 4,000 jobs to continental Europe from the United Kingdom over several years. The bank will transfer most of the positions to Frankfurt and Berlin when the UK quits the European Union. No plans have been finalized and numbers could change depending on the outcome of the UK s negotiations with the EU. Nominal unemployment in Germany climbed to 2.5 million as about 45,000 people lost their jobs causing the jobless rate to edge up a notch to 5.6%, but it remains at a historical low thanks to robust economic growth in the country boosted by the recovery in the Eurozone. Since 2014, Spain has created more than two million jobs, bringing the unemployment rate down from a peak of 26.2% to an eight-year low of 17.2% today. Proprietary & Confidential 13 Source: ManpowerGroup Solutions 2017

Strategic Update on APAC Asia Pacific Minimum wage in Vietnam is determined regionally and on a per month basis, with the four regions ranked according to their socio-economic development. The regional minimum wage for 2018 is expected to increase by 6.5%, equal to VNĐ180,000-230,000 (US$8-10) a month, the lowest increase ever. Labor shortages in Japan have reached a new level of severity, with more permanent jobs open than there were applicants for the first time on record. The data suggest labor shortages are spreading beyond the ranks of casual, part time staff to the regular, salaried employees. After a decades long shift towards insecure contract work and a two tier labor market, companies are having to offer permanent jobs to find employees. South Korea s minimum wage is set to increase next year by 16% to 7,530 won ($6.60) per hour, the biggest jump since 2001. Labor advocates had initially requested a 55% hike while business representatives suggested just 2.4%. Hong Kong's unemployment rate for the April June period fell to 3.1%, a more than three year low, as the labor market tightened further amid an improvement in tourism and consumer sentiment. China s employment laws remain very much location based. Thus it is particularly important to understand the employment laws in Beijing, Shanghai and Shenzhen, as these three cities contain the bulk of foreign companies with Chinese employees. India double its national minimum wage to about Rs 18,000 per month as the labor ministry is set to relook at the formula currently used to determine the floor level. The ministry is expected to take into consideration a proposal to double the units or individuals considered per family to six from three. Proprietary & Confidential 14 Source: ManpowerGroup Solutions 2017

Global Detailed Country Analysis North, South, & Central America ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 15

Global Argentina Agriculture 0.5 % Services 74.7% Industry 24.0% (9% Informal ) Manpower Global Rankings (out of 75) 20,053,024 Employees 13,728,942 Non Standard 4,479,204 Unemployed Workers 1,844,878 Global Rank 69 62 70 Availability 49 42 43 Cost 60 53 69 Regulatory 60 59 60 Productivity 67 62 67 $20,721 $626 $2,162 $973 $894 Argentina Regional Average United States Argentina Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 16

Global Bolivia Agriculture 32 % Services 48 % Industry 20 % (50% Informal ) Manpower Global Rankings (out of 75) 5,418,255 Employees 2,092,330 Non Standard 3,125,450 Unemployed Workers 200,475 Global Rank 74 74 74 Availability 71 57 67 Cost 36 72 49 Regulatory 74 74 74 Productivity 71 72 71 $54,684 $856 $1,176 $361 $313 Bolivia Regional Average United States Bolivia Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 17

Global Brazil Agriculture 15 % Services 72 % Industry 13 % (10% Informal ) Manpower Global Rankings (out of 75) 107,571,331 Employees 67,476,269 Non Standard 26,110,789 Unemployed Workers 13,984,273 Global Rank 72 64 72 Availability 48 50 45 Cost 62 61 66 Regulatory 70 53 70 Productivity 68 70 68 $40,566 $1,351 $642 $3,283 $2,170 Brazil Regional Average United States Brazil Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 18

Global Canada Agriculture 2 % Services 78 % Industry 20 % (7% Informal ) Manpower Global Rankings (out of 75) 19,668,700 Employees 16,052,157 Non Standard 2,377,415 Unemployed Workers 1,239,128 Global Rank 5 5 5 Availability 12 8 13 Cost 19 9 34 Regulatory 12 15 12 Productivity 5 7 5 $49,230 $2,522 $3,324 $5,023 $4,252 Canada Regional Average United States Canada Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 19

Global Chile Agriculture 9 % Services 67 % Industry 24 % (10% Informal ) Manpower Global Rankings (out of 75) 8,960,806 Employees 6,125,159 Non Standard 2,208,391 Unemployed Workers 627,256 Global Rank 14 24 13 Availability 44 53 46 Cost 2 15 2 Regulatory 63 37 63 Productivity 10 10 10 $42,411 $1,951 $1,177 $3,453 $3,504 Chile Regional Average United States Chile Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 20

Global Colombia Agriculture 16 % Services 64 % Industry 20 % (31% Informal ) Manpower Global Rankings (out of 75) 25,402,197 Employees 11,062,682 Non Standard 12,129,524 Unemployed Workers 2,209,991 Global Rank 54 49 46 Availability 59 45 56 Cost 27 32 18 Regulatory 42 60 42 Productivity 44 37 44 $23,997 $2,496 $1,496 $340 $298 Colombia Regional Average United States Colombia Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 21

Global Costa Rica Agriculture 13 % Services 68 % Industry 19 % (9% Informal ) Manpower Global Rankings (out of 75) 2,335,665 Employees 1,613,536 Non Standard 523,598 Unemployed Workers 198,532 Global Rank 49 30 38 Availability 45 43 41 Cost 28 34 15 Regulatory 61 24 61 Productivity 37 34 37 $50,204 $1,026 $575 $2,540 $6,342 Costa Rica Regional Average United States Costa Rica Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 22

Global Dominican RepublicAgriculture 15 % Services 65 % Industry 20 % (20% Informal ) Manpower Global Rankings (out of 75) 4,893,963 Employees 2,333,686 Non Standard 1,909,380 Unemployed Workers 650,897 Global Rank 51 69 48 Availability 66 71 69 Cost 8 37 9 Regulatory 36 56 36 Productivity 52 59 52 $5,707 $273 $292 $444 $645 Dominican Republic Regional Average United States Dominican Republic Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 23

Global Ecuador Agriculture 25 % Services 54 % Industry 20 % (34% Informal ) Manpower Global Rankings (out of 75) 7,506,436 Employees 4,113,107 Non Standard 3,002,995 Unemployed Workers 390,335 Global Rank 56 70 58 Availability 64 51 63 Cost 24 71 38 Regulatory 38 61 38 Productivity 51 57 51 $38,044 $604 $830 $3,200 $1,500 Ecuador Regional Average United States Ecuador Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 24

Global El SalvadorAgriculture 20 % Services 60 % Industry 20 % (30% Informal ) Manpower Global Rankings (out of 75) 2,936,050 Employees 1,518,758 Non Standard 1,232,615 Unemployed Workers 184,678 Global Rank 47 55 36 Availability 67 67 66 Cost 25 8 16 Regulatory 22 52 22 Productivity 39 64 39 $17,760 $300 $300 $692 $708 El Salvador Regional Average United States El Salvador Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 25

Global Guatemala Agriculture 33 % Services 50 % Industry 17 % (39% Informal ) Manpower Global Rankings (out of 75) 6,530,228 Employees 2,853,834 Non Standard 3,473,957 Unemployed Workers 202,437 Global Rank 67 68 61 Availability 75 74 75 Cost 5 7 3 Regulatory 33 55 33 Productivity 73 66 73 $21,581 $2,725 $3,134 $1,839 $394 Guatemala Regional Average United States Guatemala Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 26

Global Honduras Agriculture 36 % Services 45 % Industry 19 % (44% Informal ) Manpower Global Rankings (out of 75) 4,134,023 Employees 1,705,346 Non Standard 2,126,893 Unemployed Workers 301,784 Global Rank 73 73 73 Availability 74 72 74 Cost 42 51 35 Regulatory 72 66 72 Productivity 65 71 65 $5,162 $335 $335 $496 $547 Honduras Regional Average United States Honduras Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 27

Global Mexico Agriculture 13 % Services 62 % Industry 24 % (20% Informal ) Manpower Global Rankings (out of 75) 57,790,045 Employees 37,553,358 Non Standard 18,329,615 Unemployed Workers 1,907,071 Global Rank 31 54 25 Availability 60 60 59 Cost 11 29 8 Regulatory 46 65 46 Productivity 19 21 19 $31,470 $1,702 $416 $1,912 $1,973 Mexico Regional Average United States Mexico Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 28

Global Nicaragua Agriculture 32 % Services 51 % Industry 17 % (44% Informal ) Manpower Global Rankings (out of 75) 2,793,563 Employees 1,403,898 Non Standard 1,225,124 Unemployed Workers 164,541 Global Rank 68 66 64 Availability 73 64 70 Cost 48 49 42 Regulatory 21 47 21 Productivity 60 73 60 $4,838 $850 $950 $403 $177 Nicaragua Regional Average United States Nicaragua Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 29

Global Panama Agriculture 17 % Services 65 % Industry 18 % (12% Informal ) Manpower Global Rankings (out of 75) 1,928,692 Employees 1,247,169 Non Standard 573,516 Unemployed Workers 108,007 Global Rank 45 33 35 Availability 53 55 47 Cost 14 12 7 Regulatory 69 45 69 Productivity 34 30 34 $42,548 $600 $1,110 $1,542 $1,750 Panama Regional Average United States Panama Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 30

Global Paraguay Agriculture 23 % Services 58 % Industry 19 % (40% Informal ) Manpower Global Rankings (out of 75) 3,382,679 Employees 1,787,854 Non Standard 1,310,680 Unemployed Workers 284,145 Global Rank 71 72 71 Availability 72 70 73 Cost 22 54 45 Regulatory 58 69 58 Productivity 69 69 69 $8,606 $375 $760 $667 $825 Paraguay Regional Average United States Paraguay Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 31

Global Peru Agriculture 26 % Services 57 % Industry 17 % (31% Informal ) Manpower Global Rankings (out of 75) 17,068,975 Employees 7,643,675 Non Standard 8,247,541 Unemployed Workers 1,177,759 Global Rank 57 41 47 Availability 65 63 65 Cost 52 39 37 Regulatory 39 25 39 Productivity 23 29 23 $35,322 $771 $507 $2,775 $1,131 Peru Regional Average United States Peru Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 32

Global Puerto Rico Agriculture 2 % Services 85 % Industry 14 % (40% Informal ) Manpower Global Rankings (out of 75) 1,119,900 Employees 770,094 Non Standard 221,018 Unemployed Workers 128,789 Global Rank 37 39 26 Availability 57 38 53 Cost 45 44 28 Regulatory 18 40 18 Productivity 26 36 26 $48,423 $2,058 $4,989 $3,525 Puerto Rico Regional Average United States Puerto Rico Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 33

Global United StatesAgriculture 2 % Services 81 % Industry 17 % (5% Informal ) Manpower Global Rankings (out of 75) 160,494,000 Employees 135,315,220 Non Standard 18,277,538 Unemployed Workers 6,901,242 Global Rank 4 2 4 Availability 5 1 5 Cost 16 30 21 Regulatory 14 32 14 Productivity 4 3 4 $72,384 $3,179 $3,596 $7,113 $6,738 United States Regional Average United Kingdom United States Regional Average United Kingdom Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 34

Global Uruguay Agriculture 9 % Services 69 % Industry 22 % (12% Informal ) Manpower Global Rankings (out of 75) 1,774,059 Employees 1,185,573 Non Standard 447,448 Unemployed Workers 141,038 Global Rank 30 50 41 Availability 61 69 64 Cost 38 20 54 Regulatory 16 49 16 Productivity 25 31 25 $7,617 $436 $1,121 $1,167 $1,075 Uruguay Regional Average United States Uruguay Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 35

Global Venezuela Agriculture 7 % Services 72 % Industry 21 % (40% Informal ) Manpower Global Rankings (out of 75) 14,752,107 Employees 8,670,079 Non Standard 5,005,124 Unemployed Workers 1,076,904 Global Rank 75 75 75 Availability 69 65 68 Cost 75 73 75 Regulatory 75 75 75 Productivity 75 75 75 Venezuela Regional Average United States According to the International Monetary Fund, inflation in Venezuela is predicted to be 720% this year and over 2000% in 2018. Minimum wage was recently increased by 60% - it was the third pay increase this year. Exchange rates vary significantly. Venezuela Regional Average United States Note that Venezuela has been excluded from the Regional average for the Americas due to current economic and geopolitical considerations which have resulted in extreme currency fluctuations. ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 36

Global Detailed Country Analysis Europe, Middle East, & Africa ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 37

Global Austria Agriculture 4 % Services 70 % Industry 26 % (6% Informal ) Manpower Global Rankings (out of 75) 4,448,600 Employees 3,572,030 Non Standard 538,476 Unemployed Workers 338,094 Global Rank 32 26 27 Availability 22 28 23 Cost 74 60 74 Regulatory 5 3 5 Productivity 40 47 40 $47,311 $3,411 $4,934 $3,856 $3,511 Austria Regional Average United States Austria Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 38

Global Bahrain Agriculture 1 % Services 62 % Industry 35 % (19% Informal ) Manpower Global Rankings (out of 75) 771,535 Employees 732,716 Non Standard 28,943 Unemployed Workers 9,876 Global Rank 26 53 39 Availability 11 30 25 Cost 23 69 36 Regulatory 68 54 68 Productivity 36 33 36 $42,902 $1,690 $1,928 $3,993 $3,622 Bahrain Regional Average United States Bahrain Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 39

Global Belarus Agriculture 10 % Services 57 % Industry 33 % (41% Informal ) Manpower Global Rankings (out of 75) 4,808,220 Employees 4,612,468 Non Standard 152,478 Unemployed Workers 43,274 Global Rank 61 56 63 Availability 58 32 55 Cost 18 62 43 Regulatory 54 64 54 Productivity 54 46 54 $7,548 $338 $336 $475 $760 Belarus Regional Average United States Belarus Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 40

Global Belgium Agriculture 1 % Services 77 % Industry 22 % (6% Informal ) Manpower Global Rankings (out of 75) 4,953,300 Employees 3,924,004 Non Standard 692,471 Unemployed Workers 336,824 Global Rank 25 34 32 Availability 18 18 19 Cost 65 64 68 Regulatory 10 31 10 Productivity 53 49 53 $48,836 $2,491 $5,369 $6,767 $7,618 Belgium Regional Average United States Belgium Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 41

Global Bulgaria Agriculture 7 % Services 63 % Industry 30 % (6% Informal ) Manpower Global Rankings (out of 75) 3,261,100 Employees 2,677,663 Non Standard 361,682 Unemployed Workers 221,755 Global Rank 48 45 57 Availability 34 36 35 Cost 10 47 30 Regulatory 57 42 57 Productivity 70 60 70 $15,658 $548 $485 $1,505 $1,404 Bulgaria Regional Average United States Bulgaria Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 42

Global Croatia Agriculture 9 % Services 64 % Industry 27 % (27% Informal ) Manpower Global Rankings (out of 75) 1,797,600 Employees 1,310,026 Non Standard 293,433 Unemployed Workers 194,141 Global Rank 35 35 45 Availability 43 34 39 Cost 26 33 47 Regulatory 11 12 11 Productivity 74 68 74 $14,603 $657 $797 $1,104 $1,374 Croatia Regional Average United States Croatia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 43

Global Czech RepublicAgriculture 3 % Services 59 % Industry 38 % (11% Informal ) Manpower Global Rankings (out of 75) 5,353,600 Employees 4,225,366 Non Standard 908,736 Unemployed Workers 219,498 Global Rank 23 31 33 Availability 35 41 36 Cost 30 19 50 Regulatory 23 39 23 Productivity 32 35 32 $22,431 $1,151 $1,184 $1,587 $1,998 Czech Republic Regional Average United States Czech Republic Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 44

Global Denmark Agriculture 2 % Services 78 % Industry 19 % (5% Informal ) Manpower Global Rankings (out of 75) 2,969,400 Employees 2,585,961 Non Standard 255,754 Unemployed Workers 127,684 Global Rank 10 8 14 Availability 10 9 10 Cost 63 24 61 Regulatory 2 1 2 Productivity 38 38 38 $70,032 $4,200 $6,656 $5,869 $5,326 Denmark Regional Average United States Denmark Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 45

Global Estonia Agriculture 4 % Services 68 % Industry 28 % (6% Informal ) Manpower Global Rankings (out of 75) 685,200 Employees 587,967 Non Standard 58,861 Unemployed Workers 38,371 Global Rank 12 13 11 Availability 19 20 22 Cost 33 1 24 Regulatory 8 28 8 Productivity 33 44 33 $15,474 $1,299 $1,246 $1,665 $2,302 Estonia Regional Average United States Estonia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 46

Global Finland Agriculture 4 % Services 74 % Industry 22 % (6% Informal ) Manpower Global Rankings (out of 75) 2,654,800 Employees 2,089,604 Non Standard 328,919 Unemployed Workers 236,277 Global Rank 29 17 24 Availability 17 11 15 Cost 72 43 60 Regulatory 17 8 17 Productivity 35 32 35 $48,235 $2,156 $5,501 $3,999 $3,918 Finland Regional Average United States Finland Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 47

Global France Agriculture 3 % Services 76 % Industry 21 % (5% Informal ) Manpower Global Rankings (out of 75) 29,445,200 Employees 23,663,812 Non Standard 2,954,649 Unemployed Workers 2,826,739 Global Rank 66 36 59 Availability 26 17 27 Cost 69 40 55 Regulatory 56 29 56 Productivity 66 74 66 $59,448 $2,226 $4,218 $4,311 $4,865 France Regional Average United States France Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 48

Global Germany Agriculture 1 % Services 70 % Industry 28 % (5% Informal ) Manpower Global Rankings (out of 75) 43,041,700 Employees 36,851,443 Non Standard 4,554,673 Unemployed Workers 1,635,585 Global Rank 27 14 23 Availability 21 12 21 Cost 53 50 33 Regulatory 48 10 48 Productivity 20 18 20 $53,622 $3,038 $5,671 $4,337 $4,396 Germany Regional Average United States Germany Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 49

Global Greece Agriculture 13 % Services 72 % Industry 15 % (11% Informal ) Manpower Global Rankings (out of 75) 4,774,000 Employees 2,340,014 Non Standard 1,398,028 Unemployed Workers 1,035,958 Global Rank 39 48 53 Availability 28 37 33 Cost 59 68 67 Regulatory 26 46 26 Productivity 43 43 43 $25,257 $1,251 $2,023 $2,280 $1,921 Greece Regional Average United States Greece Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 50

Global Hungary Agriculture 5 % Services 654% Industry 31 % (5% Informal ) Manpower Global Rankings (out of 75) 4,574,700 Employees 3,896,409 Non Standard 481,579 Unemployed Workers 196,712 Global Rank 40 47 56 Availability 39 58 42 Cost 43 58 56 Regulatory 20 21 20 Productivity 63 55 63 $18,330 $933 $1,185 $1,325 $1,596 Hungary Regional Average United States Hungary Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 51

Global Ireland Agriculture 6 % Services 75 % Industry 18 % (7% Informal ) Manpower Global Rankings (out of 75) 2,191,400 Employees 1,710,659 Non Standard 340,491 Unemployed Workers 140,250 Global Rank 6 4 6 Availability 1 3 1 Cost 46 17 53 Regulatory 6 11 6 Productivity 15 11 15 $49,195 $2,586 $3,966 $3,933 $4,578 Ireland Regional Average United States Ireland Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 52

Global Israel Agriculture 1 % Services 80 % Industry 18 % (6% Informal ) Manpower Global Rankings (out of 75) 3,991,000 Employees 3,365,471 Non Standard 445,934 Unemployed Workers 179,595 Global Rank 9 15 7 Availability 13 15 14 Cost 40 14 27 Regulatory 29 57 29 Productivity 3 4 3 $33,046 $2,083 $3,717 $6,500 $5,167 Israel Regional Average United States Israel Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 53

Global Italy Agriculture 4 % Services 70 % Industry 27 % (9% Informal ) Manpower Global Rankings (out of 75) 25,864,500 Employees 17,222,162 Non Standard 5,771,379 Unemployed Workers 2,870,960 Global Rank 60 44 62 Availability 31 26 32 Cost 66 70 70 Regulatory 55 22 55 Productivity 42 56 42 $41,787 $1,983 $3,743 $3,065 $2,770 Italy Regional Average United States Italy Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 54

Global Kazakhstan Agriculture 24 % Services 56 % Industry 20 % (28% Informal ) Manpower Global Rankings (out of 75) 9,244,528 Employees 6,178,155 Non Standard 2,622,636 Unemployed Workers 443,737 Global Rank 55 52 51 Availability 54 35 48 Cost 51 59 39 Regulatory 25 50 25 Productivity 59 48 59 $18,469 $542 $488 $1,488 $1,042 Kazakhstan Regional Average United States Kazakhstan Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 55

Global Latvia Agriculture 7 % Services 69 % Industry 24 % (4% Informal ) Manpower Global Rankings (out of 75) 973,800 Employees 783,449 Non Standard 98,813 Unemployed Workers 91,537 Global Rank 20 16 29 Availability 20 21 24 Cost 31 11 51 Regulatory 32 16 32 Productivity 31 41 31 $12,377 $717 $1,077 $1,786 $2,060 Latvia Regional Average United States Latvia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 56

Global Lithuania Agriculture 9 % Services 66 % Industry 25 % (4% Informal ) Manpower Global Rankings (out of 75) 1,463,000 Employees 1,201,594 Non Standard 154,607 Unemployed Workers 106,799 Global Rank 43 18 42 Availability 25 23 28 Cost 54 5 44 Regulatory 44 30 44 Productivity 49 40 49 $10,776 $851 $898 $1,399 $1,796 Lithuania Regional Average United States Lithuania Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 57

Global Luxembourg Agriculture 1 % Services 88 % Industry 11 % (X5% Informal ) Manpower Global Rankings (out of 75) 288,300 Employees 247,696 Non Standard 23,306 Unemployed Workers 17,298 Global Rank 34 19 37 Availability 15 22 20 Cost 71 66 73 Regulatory 43 7 43 Productivity 18 15 18 $78,395 $3,931 $5,028 $5,432 $6,579 Luxembourg Regional Average United States Luxembourg Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 58

Global Morocco Agriculture 39 % Services 39 % Industry 21 % (29% Informal ) Manpower Global Rankings (out of 75) 12,676,190 Employees 5,518,706 Non Standard 5,978,598 Unemployed Workers 1,178,886 Global Rank 65 71 68 Availability 70 73 72 Cost 4 56 11 Regulatory 71 62 71 Productivity 57 63 57 $27,112 $1,311 $1,984 $1,420 $311 Morocco Regional Average United States Morocco Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 59

Global Netherlands Agriculture 2 % Services 81% Industry 17 % (7% Informal ) Manpower Global Rankings (out of 75) 9,000,800 Employees 7,198,759 Non Standard 1,361,002 Unemployed Workers 441,039 Global Rank 13 7 16 Availability 9 7 7 Cost 55 26 58 Regulatory 40 18 40 Productivity 8 9 8 $53,317 $2,055 $5,085 $4,649 $4,397 Netherlands Regional Average United States Netherlands Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 60

Global Norway Agriculture 2 % Services 77 % Industry 21 % (5% Informal ) Manpower Global Rankings (out of 75) 2,744,200 Employees 2,437,113 Non Standard 189,086 Unemployed Workers 118,001 Global Rank 16 9 18 Availability 3 4 3 Cost 64 52 64 Regulatory 19 6 19 Productivity 21 14 21 $61,667 $4,369 $6,866 $4,619 $6,042 Norway Regional Average United States Norway Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 61

Global Poland Agriculture 11 % Services 58 % Industry 31 % (9% Informal ) Manpower Global Rankings (out of 75) 17,207,300 Employees 12,564,667 Non Standard 3,420,914 Unemployed Workers 1,221,718 Global Rank 46 27 54 Availability 30 25 31 Cost 57 36 65 Regulatory 41 9 41 Productivity 47 53 47 $25,185 $1,059 $1,140 $2,180 $2,180 Poland Regional Average United States Poland Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 62

Global Portugal Agriculture 6 % Services 69 % Industry 25 % (8% Informal ) Manpower Global Rankings (out of 75) 5,182,000 Employees 3,700,445 Non Standard 1,025,539 Unemployed Workers 456,016 Global Rank 28 21 34 Availability 32 29 34 Cost 47 22 57 Regulatory 31 20 31 Productivity 27 28 27 $27,584 $983 $1,701 $1,837 $1,990 Portugal Regional Average United States Portugal Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 63

Global Romania Agriculture 25 % Services 45 % Industry 30 % (13% Informal ) Manpower Global Rankings (out of 75) 8,804,300 Employees 5,702,968 Non Standard 2,634,704 Unemployed Workers 466,628 Global Rank 44 37 43 Availability 38 44 38 Cost 37 23 29 Regulatory 28 26 28 Productivity 62 58 62 $16,045 $1,048 $711 $1,002 $1,223 Romania Regional Average United States Romania Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 64

Global Russia Agriculture 7 % Services 66 % Industry 28 % (5% Informal ) Manpower Global Rankings (out of 75) 75,716,679 Employees 66,537,849 Non Standard 5,317,279 Unemployed Workers 3,861,551 Global Rank 70 57 69 Availability 42 33 44 Cost 41 31 32 Regulatory 73 70 73 Productivity 61 54 61 $23,969 $1,055 $626 $1,962 $1,546 Russia Regional Average United States Russia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 65

Global Serbia Agriculture 21 % Services 53 % Industry 26 % (35% Informal ) Manpower Global Rankings (out of 75) 3,042,261 Employees 1,756,309 Non Standard 841,781 Unemployed Workers 444,170 Global Rank 59 42 50 Availability 63 46 62 Cost 6 16 4 Regulatory 62 43 62 Productivity 56 61 56 $16,988 $416 $401 $691 $1,124 Serbia Regional Average United States Serbia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 66

Global Slovakia Agriculture 4 % Services 61 % Industry 36 % (11% Informal ) Manpower Global Rankings (out of 75) 2,752,500 Employees 2,170,503 Non Standard 392,074 Unemployed Workers 189,923 Global Rank 50 46 49 Availability 36 49 40 Cost 32 27 20 Regulatory 53 38 53 Productivity 55 65 55 $27,239 $1,449 $1,046 $1,504 $2,363 Slovakia Regional Average United States Slovakia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 67

Global Slovenia Agriculture 8 % Services 60 % Industry 32 % (7% Informal ) Manpower Global Rankings (out of 75) 1,014,200 Employees 765,415 Non Standard 153,450 Unemployed Workers 95,335 Global Rank 58 23 52 Availability 14 13 16 Cost 70 38 63 Regulatory 50 33 50 Productivity 50 42 50 $22,012 $1,796 $1,708 $1,545 $1,763 Slovenia Regional Average United States Slovenia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 68

Global South AfricaAgriculture 5 % Services 72 % Industry 24 % (6% Informal ) Manpower Global Rankings (out of 75) 21,172,029 Employees 13,087,807 Non Standard 2,219,570 Unemployed Workers 5,864,652 Global Rank 24 22 21 Availability 33 31 29 Cost 34 2 23 Regulatory 27 48 27 Productivity 29 25 29 $25,143 $843 $1,258 $2,497 $2,194 South Africa Regional Average United States South Africa Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 69

Global Spain Agriculture 4 % Services 76 % Industry 20 % (6% Informal ) Manpower Global Rankings (out of 75) 22,727,600 Employees 15,521,474 Non Standard 3,292,434 Unemployed Workers 3,913,693 Global Rank 33 29 40 Availability 27 24 30 Cost 44 57 52 Regulatory 35 35 35 Productivity 41 26 41 $37,287 $2,208 $3,195 $2,946 $3,046 Spain Regional Average United States Spain Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 70

Global Sweden Agriculture 2 % Services 79 % Industry 19 % (5% Informal ) Manpower Global Rankings (out of 75) 5,305,000 Employees 4,401,537 Non Standard 510,893 Unemployed Workers 392,570 Global Rank 17 12 12 Availability 7 6 6 Cost 58 55 41 Regulatory 34 17 34 Productivity 14 16 14 $50,589 $3,983 $3,439 $5,965 $4,216 Sweden Regional Average United States Sweden Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 71

Global Switzerland Agriculture 3 % Services 76 % Industry 21 % (6% Informal ) Manpower Global Rankings (out of 75) 4,853,800 Employees 3,992,542 Non Standard 715,644 Unemployed Workers 145,614 Global Rank 15 6 10 Availability 16 16 17 Cost 73 25 59 Regulatory 7 19 7 Productivity 6 2 6 $120,000 $108,989 $10,000 $7,553 $9,268 $7,054 $9,020 Switzerland Regional Average United States Switzerland Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 72

Global Tunisia Agriculture 15 % Services 51 % Industry 34 % (11% Informal ) Manpower Global Rankings (out of 75) 4,160,071 Employees 2,544,025 Non Standard 979,555 Unemployed Workers 636,491 Global Rank 64 67 66 Availability 68 75 71 Cost 9 13 10 Regulatory 67 51 67 Productivity 58 51 58 $11,982 $615 $964 $1,035 $170 Tunisia Regional Average United States Tunisia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 73

Global Turkey Agriculture 20 % Services 52 % Industry 28 % (13% Informal ) Manpower Global Rankings (out of 75) 30,833,100 Employees 18,240,708 Non Standard 9,354,917 Unemployed Workers 3,237,476 Global Rank 42 59 44 Availability 52 66 60 Cost 29 28 19 Regulatory 37 58 37 Productivity 45 39 45 $23,651 $1,032 $930 $1,593 $1,881 Turkey Regional Average United States Turkey Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 74

Global Ukraine Agriculture 15 % Services 59 % Industry 26 % (7% Informal ) Manpower Global Rankings (out of 75) 22,585,185 Employees 16,170,992 Non Standard 4,042,748 Unemployed Workers 2,371,444 Global Rank 63 61 65 Availability 47 54 49 Cost 21 4 17 Regulatory 66 71 66 Productivity 72 67 72 $6,637 $243 $181 $252 $607 Ukraine Regional Average United States Ukraine Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 75

Global United Arab EmiratesAgriculture 4 % Services 73 % Industry 23 % (26% Informal ) Manpower Global Rankings (out of 75) 6,330,541 Employees 5,804,291 Non Standard 292,653 Unemployed Workers 233,597 Global Rank 8 25 8 Availability 24 48 37 Cost 17 46 12 Regulatory 15 27 15 Productivity 11 6 11 $58,829 $2,204 $770 $4,597 $4,907 United Arab Emirates Regional Average United States United Arab Emirates Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 76

Global United KingdomAgriculture 1 % Services 80 % Industry 19 % (7% Informal ) Manpower Global Rankings (out of 75) 33,284,600 Employees 27,209,495 Non Standard 4,577,298 Unemployed Workers 1,497,807 Global Rank 7 10 9 Availability 2 2 2 Cost 39 67 48 Regulatory 24 13 24 Productivity 9 12 9 $67,927 $3,178 $3,312 $4,706 $6,236 United Kingdom Regional Average United States United Kingdom Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 77

Global Detailed Country Analysis Asia-Pacific ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 78

Global Australia Agriculture 3 % Services 76 % Industry 21 % (6% Informal ) Manpower Global Rankings (out of 75) 12,922,900 Employees 10,784,108 Non Standard 1,415,109 Unemployed Workers 723,682 Global Rank 11 20 15 Availability 8 10 9 Cost 68 63 71 Regulatory 9 23 9 Productivity 17 22 17 $64,590 $3,256 $4,225 $5,915 $5,829 Australia Regional Average United States Australia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 79

Global China Agriculture 36 % Services 35 % Industry 29 % (18% Informal ) Manpower Global Rankings (out of 75) 807,138,291 Employees 426,390,981 Non Standard 348,865,348 Unemployed Workers 31,881,962 Global Rank 52 58 30 Availability 29 27 8 Cost 61 65 46 Regulatory 51 72 51 Productivity 46 23 46 $45,021 $1,157 $725 $4,542 $3,756 China Regional Average United States China Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 80

Global Hong Kong Agriculture 0 % Services 88 % Industry 12 % (6% Informal ) Manpower Global Rankings (out of 75) 3,944,200 Employees 3,435,915 Non Standard 386,015 Unemployed Workers 122,270 Global Rank 2 11 2 Availability 23 39 18 Cost 13 18 5 Regulatory 4 5 4 Productivity 1 5 1 $66,383 $2,094 $1,798 $6,075 $5,707 Hong Kong Regional Average United States Hong Kong Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 81

Global India Agriculture 50 % Services 28 % Industry 22 % (41% Informal ) Manpower Global Rankings (out of 75) 510,053,514 Employees 112,760,897 Non Standard 379,644,766 Unemployed Workers 17,647,852 Global Rank 38 65 17 Availability 51 61 12 Cost 12 41 13 Regulatory 45 67 45 Productivity 48 52 48 $9,242 $1,667 $775 $875 $167 India Regional Average United States India Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 82

Global Japan Agriculture 4 % Services 69 % Industry 26 % (7% Informal ) Manpower Global Rankings (out of 75) 65,428,708 Employees 56,537,470 Non Standard 7,059,234 Unemployed Workers 1,832,004 Global Rank 36 32 31 Availability 46 56 54 Cost 50 45 31 Regulatory 52 36 52 Productivity 13 17 13 $51,562 $2,952 $2,912 $2,620 $4,267 Japan Regional Average United States Japan Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 83

Global Macau Agriculture 0 % Services 84 % Industry 16 % (18% Informal ) Manpower Global Rankings (out of 75) 376,009 Employees 343,800 Non Standard 24,689 Unemployed Workers 7,520 Global Rank 19 28 28 Availability 50 62 58 Cost 20 42 40 Regulatory 30 14 30 Productivity 12 8 12 $25,467 $1,819 $1,248 $2,631 $5,010 Macau Regional Average United States Macau Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 84

Global Malaysia Agriculture 12 % Services 61 % Industry 27 % (10% Informal ) Manpower Global Rankings (out of 75) 14,830,000 Employees 10,644,055 Non Standard 3,681,725 Unemployed Workers 504,220 Global Rank 21 38 22 Availability 55 68 57 Cost 35 21 25 Regulatory 13 34 13 Productivity 28 24 28 $20,446 $765 $742 $1,669 $1,792 Malaysia Regional Average United States Malaysia Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 85

Global New Zealand Agriculture 6 % Services 74 % Industry 20 % (8% Informal ) Manpower Global Rankings (out of 75) 2,528,016 Employees 1,975,877 Non Standard 430,794 Unemployed Workers 121,345 Global Rank 1 3 1 Availability 4 5 4 Cost 15 10 6 Regulatory 3 4 3 Productivity 7 13 7 $71,539 $2,377 $3,280 $4,132 $6,399 New Zealand Regional Average United States New Zealand Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 86

Global Philippines Agriculture 30 % Services 54 % Industry 16 % (31% Informal ) Manpower Global Rankings (out of 75) 45,682,268 Employees 25,847,027 Non Standard 17,231,351 Unemployed Workers 2,603,889 Global Rank 18 40 19 Availability 37 19 26 Cost 3 35 14 Regulatory 47 63 47 Productivity 30 45 30 $10,838 $790 $1,005 $404 $232 Philippines Regional Average United States Philippines Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 87

Global Singapore Agriculture 1 % Services 71 % Industry 28 % (6% Informal ) Manpower Global Rankings (out of 75) 3,180,834 Employees 2,653,560 Non Standard 457,296 Unemployed Workers 69,978 Global Rank 3 1 3 Availability 6 14 11 Cost 49 6 26 Regulatory 1 2 1 Productivity 2 1 2 $63,701 $2,358 $3,904 $4,174 $5,085 Singapore Regional Average United States Singapore Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 88

Global South Korea Agriculture 6 % Services 70 % Industry 24 % (11% Informal ) Manpower Global Rankings (out of 75) 26,886,359 Employees 17,831,894 Non Standard 8,086,556 Unemployed Workers 967,909 Global Rank 53 60 60 Availability 40 59 52 Cost 67 74 72 Regulatory 49 44 49 Productivity 24 27 24 $52,329 $3,068 $3,408 $4,815 $3,951 South Korea Regional Average United States South Korea Regional Average United States ManpowerGroup Solutions QMR 3 rd Quarter, 2017 ManpowerGroup Proprietary & Confidential 89