Manpower Employment Outlook Survey Shows Most Global Employers to Adopt
Wait-and-See Approach to Hiring for Rest of Year
U.S. Outlook Strongest in Over Five Years; Europe Hiring Intentions Soften
MILWAUKEE, Sept. 10, 2013
MILWAUKEE, Sept. 10, 2013 /PRNewswire/ --Global hiring conditions are
expected to remain stable for the remainder of 2013, but ManpowerGroup's
(NYSE: MAN) fourth-quarter Manpower Employment Outlook survey, released today,
reveals few signs that global hiring momentum will improve by any notable
This quarter's research of over 65,000 hiring managers across 42 countries and
oEmployers in Fewer Countries Plan to Boost Payrolls: Employers in 29 of
the 42 countries and territories surveyed plan to increase hiring by
varying degrees during the fourth quarter, compared with 32 during the
July-September timeframe. Hiring prospects are stronger in only 14 of 42
countries and territories when compared with the prior quarter, weaken in
19 and are unchanged in nine. Outlooks are stronger in 16 countries and
territories when compared with one year ago at this time, but hiring plans
weaken in 25 and are unchanged in one.
oU.S. Outlook Strongest in Over Five Years: The hiring outlook in the U.S.
now stands at its strongest level since 2Q 2008 after steadily improving
for four years, although still significantly below its previous peak in
2006. Staffing levels are expected to grow in all 13 industry sectors and
all four regions. Quarter-over-quarter, hiring intentions weaken in 11
sectors but improve in two regions. When compared with 4Q 2012, hiring
prospects strengthen in seven sectors and all four regions.
oEmerging Markets Lead the Way: Fourth-quarter hiring plans in India are
the most optimistic across the globe, and are expected to rebound
decisively following four consecutive quarters of relatively lackluster
forecasts. After India, hiring prospects are strongest in Taiwan, Panama,
Singapore and Brazil.
oWeakest Hiring Expectations in European Countries: The softest
opportunities for job seekers are expected in Italy, Spain, Finland,
Ireland and Hungary. Although the Eurozone is now technically out of
recession, overall hiring intentions are slightly weaker in Europe.
Employers forecast job gains in 10 of 23 countries in the fourth quarter,
compared to 13 positive forecasts reported three months ago. Payroll cuts
are expected in 10 countries — the same as in 3Q. Employers in Turkey
report the region's most upbeat hiring plans, while the labor market
recovery in Greece is forecast to continue.
oUpbeat Outlook in China and Japan: Chinese employers anticipate a
respectable hiring pace for the rest of 2013, with outlooks unchanged
quarter-over-quarter and relatively stable year-over-year. For the second
consecutive quarter, Japanese employers report upbeat hiring intentions,
with a seasonally adjusted Net Employment Outlook of +15%. Hiring
prospects are four percentage points stronger when compared with 4Q 2012.
"There are encouraging signs from many parts of the world, including evidence
of economic stability in Europe, and steady job creation and unemployment at a
four-year low in the U.S., helping to reduce some of the uncertainty that has
clouded the global economic environment," said Jeffrey A. Joerres,
ManpowerGroup Chairman and CEO. "However, while those clouds are starting to
break up, there is still not enough of a clear picture for employers to move
out of wait-and-see-mode and commit to more aggressive full-time hiring.
"There needs to be further consistent improvement in the overall global
picture before we will see noticeable, collective change. There are numerous
pockets of momentum but, as yet, this has not proved to be consistent enough
or sustained enough to translate into any meaningful breakthrough."
Indian employers anticipate hiring intentions strengthening by 16 and 22
percentage points quarter-over-quarter and year-over-year respectively.
Elsewhere in Asia, employers expect to increase the workforce in all six
industry sectors and all nine regions in China during 4Q 2013. It is a similar
story in Japan, with staffing levels expected to grow in all sectors and
regions. Tokyo employers report the most optimistic hiring plans since 3Q
2008, while the Osaka Outlook is the strongest since 2Q 2008. Conversely, the
seasonally adjusted Net Employment Outlook in Australia is the weakest
reported by employers in over four years.
"Indian companies are grappling with talent shortages, with a serious gap
between the skills companies need and those possessed by available applicants.
Employability skills — such as collaboration and critical thinking — have
become paramount as would-be employers become more exacting and demanding,"
said Darryl Green, ManpowerGroup President. "In response to these shortages,
employers are increasingly turning to new methods of recruiting — tapping
social networks to access hidden talent."
Employers in all 10 countries in the Americas once again anticipate growing
staffing levels in the coming quarter. Employers in Panama forecast the
region's strongest fourth-quarter hiring pace while those in Argentina report
the least optimistic hiring plans. The outlook in the U.S. is the most
optimistic reported since 2Q 2008, while the hiring pace in Brazil is expected
to remain respectable through the end of the year despite a considerable
decline in the Outlook year-over-year. Meanwhile, hiring activity is expected
to continue at a steady pace in both Mexico and Canada.
"The rising demand for temporary employment in the U.S. reflects a new
workforce strategy and is a good barometer of economic growth. Companies have
grown accustomed to the continuing uncertainty and are changing the structure
of how they conduct business," said Jonas Prising, ManpowerGroup President.
"The favorable hiring outlook and steady improvement in the U.S. labor market
bodes well for 2014, although the speed of the recovery is still muted"
Turkish employers once again report the strongest hiring intentions in Europe,
although the forecast declines by six percentage points quarter-over-quarter
and three percentage points year-over-year. French employers report flat
hiring intentions, while their German counterparts anticipate slow-paced
hiring activity during the October-December timeframe. Employers remain
cautiously optimistic in the U.K., but Italian employers expect the weakest
labor market since the survey began in the country in 3Q 2003 and Spanish
employers report their 22^nd consecutive quarter of negative hiring prospects.
There is better news from Ireland — where hiring plans are three percentage
points stronger both quarter-over-quarter and year-over-year — and Greece,
where employers report the strongest Net Employment Outlook since 2Q 2010.
"The Eurozone's emergence from recession and unemployment across 17 EU
countries falling for the first time in two years are indicators, while not of
robust growth coming out of Europe, at least of a bottoming out," added Green.
"German employers continue to report a shortage of skilled labor, and a number
of organizations are targeting their search for talent beyond Germany's
borders and offering opportunities to older workers. To the west, demand for
IT specialists remains strong in the Netherlands, with programming and
development specialists sought after across many sectors."
"Southern Europe remains extremely challenged in general, particularly Italy
and Spain, but Turkey is the exception to the rule — despite hiring intentions
there weakening from both last quarter and last year at this time," added
Prising. "We also note a gradual uptick in Greece; employers in the Greater
Athens region, for example report their first positive outlook in 15
The Manpower Employment Outlook Survey Explorer tool, a new interactive way to
examine and compare ManpowerGroup's data, can be viewed at
http://www.manpowergroupsolutions.com/DataExplorer/. The tool includes
at-a-glance maps and graphs that plot historical and current global hiring
trends. The next Manpower Employment Outlook Survey will be released on 10
December 2013 to report hiring expectations for the first quarter of 2014.
About the Survey
The Manpower Employment Outlook Survey is the longest-running, most extensive,
forward-looking employment survey in the world, commencing in 1962 and now
polling over 65,000 employers in 42 countries and territories to measure their
intentions to increase or decrease the number of employees in their workforce
during the next quarter. The survey serves as a bellwether of labor market
trends and activities and is regularly used to inform the Bank of England's
Inflation Reports, as well as a regular data source for the European
Commission, informing its EU Employment Situation and Social Outlook report
the Monthly Monitor. ManpowerGroup's independent survey data is also sourced
by financial analysts and economists around the world to help determine the
health of labor markets.
ManpowerGroup™ (NYSE: MAN) is the world leader in innovative workforce
solutions that ensure the talent sustainability of the world's workforce for
the good of companies, communities, countries, and individuals themselves.
Specializing in solutions that help organizations achieve business agility and
workforce flexibility, ManpowerGroup leverages its 65 years of world of work
expertise to create the work models, design the people practices and access
the talent sources its clients need for the future. From staffing,
recruitment, workforce consulting, outsourcing and career management to
assessment, training and development, ManpowerGroup delivers the talent to
drive the innovation and productivity of organizations in a world where
talentism is the dominant economic system. Every day, ManpowerGroup connects
more than 630,000 people to work and builds their experience and employability
through its relationships with 400,000 clients across 80 countries and
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