Hiring Outlooks Continue to Moderate Post-Pandemic While Talent Shortages Persist
First ManpowerGroup Employment Outlook Survey for 2024 finds Net Employment Outlooks improve in 27 countries, weaken in 12, and remain unchanged in two when compared to the same time last year.
EMPLOYMENT OUTLOOK SURVEY KEY FINDINGS
While global Outlooks have weakened by -4% since Q4 2023, they have increased by +3% compared to Q1 2023
The strongest hiring is anticipated in North America (34%), followed by Asia Pacific (30%), South and Central Americas (28%), and Europe, Middle East, and Africa (23%)
By country, the strongest hiring plans are reported in India (37%), the Netherlands (37%), and Costa Rica (35%), and the U.S. (35%), while the weakest outlooks are in Hungary (10%), Japan (10%), Czech Republic (8%), and Argentina (2%)
Employers in Hungary (+20%), Poland (+18%), and the Netherlands (+17%) reported the largest year-over-year increases in hiring outlook, while Argentina (-10%), Peru (-10%), Israel (-11%), and Panama (-18%) saw the steepest declines
The IT industry had the brightest global hiring outlook at 36%, followed by Financials & Real Estate at 34%, Communication Services at 31%, Health Care & Life Sciences and Industrials & Materials both at 28%
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ManpowerGroup interviewed nearly 40,077 employers across 41 countries on hiring intentions for the first quarter of 2024.
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