MILWAUKEE, Dec. 10, 2019 /PRNewswire/ -- Employers report steady employment outlooks for Q1 in most markets, though hiring intentions weaken year-over-year in 26 of 43 countries according to the latest ManpowerGroup Employment Outlook Survey (NYSE-MAN) of almost 60,000 global employers. The strongest year-over-year increases in hiring intentions were reported by employers in Turkey (up 9 percentage points), Greece (up 7 percentage points), Argentina and Norway (both up 5 percentage points). The steepest year-over-year decreases were reported by employers in Slovenia (down 13 percentage points), Slovakia, Hong Kong and Hungary (down 7 percentage points).
Employers in France reported the country's strongest outlook in 12 years, while many of the EMEA region's other markets saw outlooks weaken in an environment of trade and Brexit uncertainty. Germany's outlook was the country's lowest since Q3 2016, while the UK's was its weakest since Q3 2012. In the Americas employers in the U.S. continue to report the region's strongest hiring intentions, though their outlook declines slightly year-over-year. In the Asia Pacific region, employers in all markets but one report weaker hiring intentions year-over-year, with Hong Kong's seven-percentage-point decrease and China's three-percentage-point decrease marking the region's biggest declines.
"We are seeing more hesitant hiring plans for Q1, impacted by increased volatility and expectations of slowing economic growth, especially in the manufacturing sector." Said Jonas Prising, ManpowerGroup Chairman & CEO. "At the same time, employers are also struggling to find the required skills within labor markets experiencing high numbers of open positions alongside low unemployment. As digital transformation and talent shortages continue, employers are realizing that they cannot always go to market to find new skills when they need them and that we need to become builders of talent to develop a workforce with the skills organizations need to remain competitive."
View complete Q1 2020 survey results: www.manpowergroup.com/meos
Global Hiring Plans by Region
EMEA: The strongest Q1 employment outlooks are reported by employers in Greece (+25%), Romania (+14%), Norway (+10%) and Turkey (+10%), as hiring plans remain strong but weaken in some of the region's largest economies.
Americas: Employers in all but one of the 10 countries surveyed report positive hiring outlooks, with Panama's -1% the only negative forecast both regionally and globally. Employers in seven of the region's 10 markets report weaker outlooks year-over-year.
Asia Pacific: Outlooks from employers in Japan (+25%) and Taiwan (+23%) rank among the strongest globally for the second consecutive quarter, while Chinese employers report the region's weakest outlook at +6%.
To view complete results for the ManpowerGroup Employment Outlook Survey, visit: www.manpowergroup.com/meos. The next survey will be released 10 March 2020 and will report hiring expectations for Q2 2020. To receive the latest survey results each quarter, sign up here.
*The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity.
About ManpowerGroup
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®, Right Management® and ManpowerGroup® Solutions ? creates substantially more value for candidates and clients across 80 countries and territories and has done so for over 70 years. In 2019, ManpowerGroup was named one of Fortune's Most Admired Companies for the seventeenth year and one of the World's Most Ethical Companies for the tenth year, confirming our position as the most trusted brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com.
SOURCE ManpowerGroup
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