Hiring to decline in second quarter: Manpower

Galtero Lara
Marcha 14, 2019

Only 10 per cent of Barrie-area employers expect to enter a hiring phase in the months ahead. Transportation and public utilities, for example, reported a 24-percent outlook, the highest numbers for any sector this quarter.

"Employers in nearly all countries we surveyed globally report positive hiring outlooks for Q2, with most optimism in the United States and Japan", said ManpowerGroup Chairman and CEO Jonas Prising. Those planning to decrease remained unchanged from the prior-year quarter at 3%, yielding a seasonally adjusted net employment outlook of 19% for the second quarter, which is down from 20% from the first quarter but an improvement from 18% in the second quarter of 2018. Next quarter, employers in the sector are expecting job cuts. "It is also a four percentage point decrease from the Outlook reported during the same time past year, indicating a modest hiring pace for the upcoming months". More worryingly, the negative Outlook in the Business and Financial services sector - which employs almost a fifth of all United Kingdom workers - suggests jobs are set to be lost in Britain's most important sector. The report found that the Finance and Business Services sector has fallen five points to -1 percent, only the second time in the last decade it has been in negative territory.

However, hiring prospects improve in three sectors, most notably by 14 percentage points in the Agriculture, Hunting, Forestry & Fishing sector and by 5 percentage points in the Electricity, Gas & Water sector.

Workforce gains are anticipated in all four organisation size categories during 2Q 2019.

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"The best candidates will often have the pick of a number of different jobs or temporary assignments at any one time; in a battle to attract and hold on to top talent, employers must ensure their salaries and benefits packages are in line with or exceed the trends in the region", Mr Greaves added.

Employers in Indiana, Maine, Alaska, Colorado, Kansas, North Carolina and OR reported the strongest employment outlooks. However, the Medium employer Outlook declines by 6 percentage points.

The report shows Greek employers as being quite optimistic about the next few months, with the total employment prospects index pointing to an increase of 21 percent, which would represent an 11-year peak. Croatian, Japanese and Greek employers report the strongest hiring prospects for the coming quarter, while the weakest labour markets are forecast for Hungary, Spain, Argentina, Panama and Turkey. The survey encompassed more than 60,000 employers around the world, including more than 11,600 in the US.

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