Q3 HIRING OUTLOOKS STRENGTHEN IN MOST MARKETS
TALENT SHORTAGES REACH HIGHEST LEVELS IN 16 YEARS
- Year-over-year, hiring outlooks improve in 36 of 40 markets and in 28 since last quarter
- Strongest hiring prospects are reported in
Mexico (+59%),Brazil (+54%), andIndia (+51%); the weakest inGreece (-1%),Taiwan (+3%), andJapan (+4%) - Global talent shortages are at an all-time high, with 75% of employers reporting difficultly in filling roles – a six percent increase compared to this time last year
- The most difficult roles to fill are in Education, Health, Social Work, Government, Information Technology, Telecoms, Communications and Media, Banking, Finance, Insurance and Real Estate
KEY FINDINGS
- A Global Net Employment Outlook of +33% is anticipated for Q3; an 18% increase from this time last year and a 4% increase from the previous quarter
- Strongest hiring prospects are reported in
Mexico (+59%),Brazil (+54%),India (+51%),Canada (+43%), andColombia (+43%); weakest reported inGreece (-1%),Taiwan (+3%), andJapan (+4%) - Employers report difficulty filling open roles, with the biggest impacts being felt in
Taiwan ,Portugal ,Singapore ,China ,Hong Kong , andIndia . - In the
U.S. , technology skills are the most in demand, with 31% of employers reporting difficulty in filling roles. Additionally, 28% report difficulty in finding soft skills such as accountability and self-discipline, as companies hire more remote workers
"While it's encouraging to see employers have the intention to hire workers, it's been increasingly difficult for them to find the talent they need," said
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Global Hiring Plans by Region
- Employers in
Canada report an increase in outlook compared to last quarter (+6%), theU.S. also shows a slight increase for the second quarter (+3%). - Hiring managers in both countries expect hiring to be significantly stronger compared to intentions year over year, +24% in
Canada and +9% in theU.S. - In the
U.S. , employers in IT, Tech, Telecoms, Communications and Media (+59%), and Banking, Finance, Insurance and Real Estate (+45%) report the strongest outlooks while those in Primary Production (+26%) report the weakest.
Central and
- Hiring intentions improved in seven countries when compared to Q2 2022, weakening in one and, when compared to this time last year, improved in all 8 countries.
Mexico (+59%) reports the strongest hiring intention, followed byBrazil (+54%) andColombia (+43%). The weakest prospects in the region are reported inArgentina (+21%),Peru (+32%), andGuatemala (+39%).
EMEA: Employers report positive hiring intentions in 22 out of 23 countries during the next three months.
- Hiring intentions improve in 21 countries when compared with Q3 2021 and improve in 15 when compared to Q2 2022.
- The strongest hiring intentions are in
Ireland (+42%),South Africa (+38%), andPortugal (+37%), and the weakest inGreece (-1%),Poland (11%), and bothRomania andSlovakia (+12%). - In five
U.K. industry sectors, employers report an increase in hiring intentions, and similarly, in nine ofFrance's industry sectors, employers report an increase.
APAC: In comparison to the previous quarter, hiring plans strengthened in four countries, and weakened in three countries.
- Strongest outlooks are in
India (+51%),Singapore (+40%), andAustralia (+38%), and the most cautious plans are reported inTaiwan (+3%) andJapan (+4%). Hong Kong (+11%) reports increased hiring intentions, improving 8% compared to Q2 2022, and 10% on the previous year.China expects hiring intentions to decrease in eight industry sectors, with Banking, Finance, Insurance and Real Estate (+4%) reporting the only increase.
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ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis and Talent Solutions – creates substantially more value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2022
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SOURCE
Sheila Leyne, sheila.leyne@manpowergroup.com