The Great Hiring Bounceback Continues: Employers Globally Report Optimistic Employment Outlooks For Q1 2022
KEY FINDINGS SUMMARY
- Employers know flexibility is the key to attracting workers in a tight labor market. Organizations expect 51% of roles within the finance sector and 29% of the production workforce to work flexibly in 2022. This ranges from offering 100% home working options for knowledge workers to schedule flexibility in manufacturing - with shorter shift patterns to accommodate caring responsibilities.
- All countries and territories report positive hiring outlooks for the first time since the pandemic began Though outlooks improve year-over-year, hiring sentiment weakens compared with Q4 2021 in
Taiwan, the U.S., Japanand France.
- Professional Services are hiring most with Digital roles most in high demand: IT, Communications and Media professionals are most in demand globally (+50%), followed by Banking, Finance, Insurance and Real Estate (+43%) and Restaurants and Hotels (+40%). The weakest hiring intentions are reported by employers in Not-for-Profit (+26%) and Primary Production (+29%).
"The post-pandemic hiring recovery that has been underway for some time will continue to carry momentum into 2022 with employers predicting strong demand for talent across key sectors," said
Global Hiring Plans by Region
- Employers in the
U.S.report positive hiring intentions despite a five percentage point decline from last quarter. Year-over-year, the U.S.improves 26 percentage points and Canada32.
- With an employment outlook of +60%, employers in the North America IT sector report the strongest hiring intentions, the weakest are reported in the Not-for-Profit sector including NGOs and charity organizations (+29%).
- In the LATAM region, hiring sentiment strengthens in all eight countries when compared with the previous quarter. The strongest hiring plans in the region are reported in
Peru(+51%), followed by Brazil(+47%) and Mexico(+45%).
EMEA: Hiring intentions improve in 22 countries and decline in one compared with Q4, 2020 (
- The strongest regional hiring plans are reported in
Ireland(+47%), Portugal(+37%), and The Netherlands(+47%), while employers make the weakest forecasts in the Czech Republic(+14%), Greece(+16%) and Hungary(+19%).
- Employers in the
UKreport an optimistic outlook of +32% with employers in Londonplanning the most optimistic hiring.
- The employment outlook in
Franceimproved 24 points year-over-year and dropped 2 points on last quarter. Employers in the French Banking, Finance, Insurance and Real Estate sectors report the strongest outlooks, the weakest are reported in Manufacturing and Restaurants and Hotels.
APAC: Hiring sentiment strengthens in 5 countries and territories quarter-on-quarter while weakening in two;
- The strongest hiring prospects are reported in
India(+49%), followed by Australia(+37%) and Hong Kong(+37%), while the weakest regional labor market is expected in Japan(+11%), Taiwan(+13%) and Singapore(+14%) – the three weakest globally.
- Emerging from the national lockdowns of the past few months, employers in
Australiapredict a strong outlook of +37% growing by 25-percentage points since the last quarter. Chinaboasts a strong outlook of +25% In the first quarter of 2022 with Education, Health, Social Work and Government reporting the most positive hiring outlooks (+49%).
To view complete results for the
*The methodology used to collect the data for the Employment Outlook has been digitized in 40 markets for the Q1 2022 report. Respondents in prior quarters were contacted via telephone and data is now being collected online. Respondents are members of double opt-in online panels and are incentivized to complete the survey. In line with standard findings of online surveys, more people are now taking a position – selecting that their workforce will either increase or decrease vs. no change. The result of this higher level of engagement means the methodology shift may contribute to a higher Outlook. With a sample of 1000 there is a margin of error of +/-3%. The question asked and the respondent profile remains unchanged. Size of organization and sector are standardized across all countries to allow international comparisons.
ABOUT THE SURVEY
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