ManpowerGroup Employment Outlook Survey - Q1 2023
10.01.2023Company: ManpowerGroup
A message from Jonas Prising, ManpowerGroup Chairman & CEO:
“Our report indicates that there are early signs of labor markets softening and hiring intentions moving lower given the economic headwinds we are experiencing. Though employers say they are beginning to dial down their hiring plans in some areas, we still see strong demand for specific skills including IT, logistics, and finance. Amidst a cost-of-living crisis, and a depreciation in real-time wages, companies need to think more than ever about attracting and retaining their workers – that might start with pay, yet our data tells us flexibility, career development, and purpose-driven work is worth up to 5% of salary to many workers. There are lots of levers available for companies to attract and retain the talent they need to stay competitive.”
Get a global view of employer hiring plans from 41 major countries.
Key Findings
- Regionally, the strongest hiring intentions for the next quarter are in North America (+31%), and Central and South America (+28%).
- Organizations in the IT industry report the most optimistic outlook (+35%), followed by Financials & Real Estate (+28%), and Energy & Utilities (+26%).
- When compared with the previous quarter, hiring intentions improved in 12 countries and territories, and declined in 29.
- Large organizations (250-plus employees) are more than twice as optimistic as micro (less than 10 employees) to hire in the coming quarter with employment outlooks of +29% and +13% respectively.
READ THE REPORT
Tags: Human Resources |
