According to the latest Manpower Group employment outlook survey, staffing levels are expected to grow in 40 out of 43 countries and territories during the July-September period. Moreover, the overall payroll growth is likely to increase at a more conventional speed than in the prior quarter or during the same time last year.
Rises in the overall employer confidence are quite few and some are even projecting declining trajectories – Brazil and China. Furthermore, hiring plans have strengthened in the third quarter in 14 out of 42 countries, compared with the April-June time frame. In fact, it remains unchanged in seven countries and has weakened in 21 countries.
The overall outlooks have significantly improved in 13 countries and territories compared with the results during the same time last year. According to the survey report, hiring confidence is the strongest in Japan, India, Taiwan, Romania, Guatemala and the United States. While, it’s the weakest in Brazil, Switzerland, and Italy.
Out of 59,000 employers interviewed globally, 40 out of 43 countries and territories are expecting to increase their staffing levels in this quarter. Jonas Prising, Chairman & CEO of ManpowerGroup says, stronger employer hiring intentions in most regions have definitely raised optimism levels. With the political uncertainty in Europe and the US, more and more employers are hesitant to add employees to their workforce. They do, however, continue hiring at modest levels. On the other hand, the economic slowdown in China has cast a grim shadow over its trading partners.
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SOURCE: The HR Digest