Hiring prospects strengthen in the third quarter

MILWAUKEE, June 8, 2021 / PRNewswire / – Hiring optimism has returned to levels not seen since the start of the pandemic, with employers in 42 of 43 countries reporting stronger hiring prospects year over year according to the latest ManpowerGroup (NYSE: MAN) survey of the employment prospects of more than 45,000 employers. Yet that optimism is tempered by the world’s highest levels of talent shortages in 15 years, with 69% of employers reporting difficulty filling vacancies. As childcare issues, health concerns and unemployment assistance programs continue, employers report most difficulties in fulfilling roles that cannot be performed remotely.

Technology-related roles continue to be in high demand and logistics show no signs of returning to pre-crisis levels as the transition to online retail is here to stay. Demand is strengthening in the manufacturing, hospitality, entertainment and travel sectors as industries hardest hit by the pandemic begin to bring back their workers. European employers report the greatest difficulties in filling vacant positions, with the greatest impacts being felt in France, Romania, and Italy. Employers in the United States are reporting their most optimistic hiring intentions for more than 20 years, driven by hospitality and recreation as states open up. Companies in China, India and South Africa have the least difficulty finding skilled workers.

As vaccine deployments gain momentum and lockdown restrictions ease, we are seeing optimism in hiring coupled with supply constraints in many markets, ”said Jonas Prize, Chairman and CEO of ManpowerGroup. “This recovery is unlike any we have seen before and the pace of hiring is accelerating much faster than after the last economic downturn. Competition for talent is intensifying and employers are starting to respond to it. want workers – better pay, more flexibility and skills development with a commitment to sustainability. Although some of these shortages are being alleviated as health problems ease, stimulus measures end and as schools return, digitization is here to stay and helping people retrain and develop for growth roles remains one of the greatest challenges of our time. “

Check out the full results of the ManpowerGroup Third Quarter 2021 Employment Survey:
www.manpowergroup.com/meos

Global hiring plans by region

AMERICAS: All ten countries report positive employment prospects for the third quarter.

  • The most positive hiring intentions are reported in the United States (+ 25%), its best outlook in 21 years, followed by Costa Rica (+ 9%), Guatemala (+ 9%) and Mexico (9%).
  • The weakest outlook is reported in Panama (+ 1%) Argentina (+ 1%) and Peru (+ 2%).
  • In the United States, the strongest hiring prospects are expected in leisure and hospitality where the upward outlook of + 41% is the strongest reported for more than 10 years.

EMEA: Hiring plans are strengthening in 22 markets and weakening in two (Czech Republic and turkey):

  • The strongest hiring intentions are recorded in Greece (+ 15%), Ireland (+ 15%) and Croatia (+ 14%), with the lowest in South Africa (+ 1%), the Czech Republic (+ 4%) and Spain (+ 4%).
  • As foreclosure restrictions lift in the UK, the outlook for the hospitality and retail sector is the strongest in two years, standing at + 8%.
  • German employers expect a return to pre-COVID-19 hiring levels in the next quarter, in part thanks to favorable hiring plans in financial and business services, while employers in the manufacturing sector report their strongest hiring intentions in two years.

APAC: Compared to the previous quarter, recruitment plans are strengthening in three countries (China, Hong Kong and Japan) and weaken into three (India, Taiwan and Singapore):

  • For the fourth consecutive quarter, the hiring climate Asia Pacific region is expected in Taiwan, fueled in part by bright hiring plans for the construction sector and a sustained pace of hiring in manufacturing, where prospects for the next quarter are the strongest in six years.
  • China reports one of its best prospects in six years. Its Finance, Insurance & Real Estate sector outlook of + 19% is the strongest published since 2013.

For the full results of the ManpowerGroup Employment Outlook Survey, please visit: www.manpowergroup.com/meos. The report is the latest in a series of information on the future of ManpowerGroup workers after The restart of the skills revolution on the impact of COVID-19 on digitization and skills and The future of workers, by workers.

ABOUT THE SURVEY

The Employment Outlook Survey – conducted in April 2021 – is the most comprehensive and forward-looking employment survey of its kind, used worldwide as a key economic indicator. The net employment outlook is obtained by taking the percentage of employers expecting an increase in hiring activity and subtracting from this percentage the percentage of employers expecting a decrease in hiring activity. Seasonal adjustments have been applied for countries and territories that have accumulated at least 17 quarters of data, Croatia being the exception. ManpowerGroup intends to add seasonal adjustments to the data for Croatia in the future, as more historical data is compiled.

ABOUT MANPOWERGROUP

ManpowerGroup® (NYSE: MAN), the global leader in workforce solutions, helps organizations transform in a rapidly changing world of work by finding, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations each year, providing them with skilled talent while finding meaningful and sustainable employment for millions of people across a wide range of industries and skills. Our family of expert brands – Manpower, Experis and Talent Solutions – have created far more value for candidates and clients in over 75 countries and territories for over 70 years. We are consistently recognized for our diversity – as the best place to work for women, inclusion, equality and disability and in 2021 ManpowerGroup was named one of the world’s most ethical companies for the 12th year – confirming our position as the brand of choice for in-demand talent.

SOURCE ManpowerGroup

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