Manpower Group has released its global hiring survey data for the upcoming quarter. More than 45,000 employers from 43 countries participated in the survey, which seeks insight on hiring intentions for the upcoming quarter. Payroll gains are anticipated in 42 of the 43 countries represented, with the remaining country anticipating hiring to be flat. Additionally, these hiring gains are predicted to be stronger than the previous quarter.
Key findings from the newest global hiring report include the following.
- Hiring sentiment in the US leads the entire globe, with hiring activity at levels not seen since 2000. The Leisure & Hospitality sector leads the way along with Education & Health Services, which are expecting their biggest gains since 2009. Wholesale & Retail Trade is at is strongest since 1982.
- Costa Rica has recovered from the pandemic, with employers reporting their strongest hiring plans in three years. Demand is rebounding in the Manufacturing and Transport & Communication sectors.
- A strong Mining sector is driving hiring growth in both Colombia and Peru, helping to boost both countries to modest anticipated payroll gains.
- Employers in China report the strongest hiring plans in six years with gains forecast in all industry sectors. The strongest sectors are Manufacturing, Services, Wholesale & Retail Trade, and Finance, Insurance & Real Estate.
- Once again Taiwan leads the region in workforce demand, buoyed by both Manufacturing & Mining as seen in several other countries globally.
- Hong Kong is the only country in the world expecting an overall flat hiring pace, although slight gains are expected in the Services and Finance, Insurance & Real Estate sectors.
- In Australia, the Mining & Construction sector continues to improve after four consecutive sectors of growth.
- The three largest economies in the Eurozone (Germany, France, and the UK) all expect workforce gains between July-September. German employers anticipate a return to pre-pandemic levels of hiring. Meanwhile, UK hiring activity is at its strongest levels since 2015 with particular strength in Finance & Business Services and Hotels & Retail.
- Greece and Ireland report the strongest hiring plans in the region, with brisk hiring plans in the Construction sector reported in both countries.
- Elsewhere across the region, hotels and the hospitality market continue to struggle with recovery, with payroll cuts still being noted in these sectors.
Many recruiters in our network are reporting plentiful jobs, but extreme candidate shortages. In spite of this, we are continuing to see an increase in the number of successful placements as well as salary increases. Get ready for the rebound!