MILWAUKEE, March 10, 2020 /PRNewswire/ — Hiring intentions remain stable for Q2 as employers report consistent or slightly improved year-over-year employment outlooks in 22 of 43 markets. The ManpowerGroup Employment Outlook Survey (NYSE: MAN) asks 60,000 employers in 43 countries whether they intend to hire additional workers or reduce the size of their workforce in the coming quarter. Research was conducted in January 2020 and the survey is the most comprehensive, forward-looking employment survey of its kind, used globally as a key economic indicator.*
The strongest year-over-year increases in hiring intentions are reported by employers in Romania, Turkey and Norway, all driven by growth in Construction, Finance Services and Manufacturing. Hiring outlooks decline most in Hong Kong, Croatia and Poland – all reporting softer hiring plans in Construction and Manufacturing.
“For some time we have seen stable hiring intentions with variations across regions and industries in a slow growth environment,” said Jonas Prising, ManpowerGroup Chairman & CEO. “While it is too early to predict the potential impact of Covid-19 on global hiring, the reality today is that unemployment remains low in many markets and organizations globally are still struggling to find people with the right skills. Our research found that 54% of employers can’t find the talent to meet their needs, almost double what it was a decade ago. Now, more than ever, organizations need the strategic and operational flexibility to find, build and sustain the best talent while others are trying to do the same.”