Global Employment Outlook for Q2

by Veronica Blatt

green and blue watercolor-style world mapThe newest ManpowerGroup Employment Outlook Survey has been released for the period of April-June, 2024. Despite lingering economic uncertainty and stubbornly persistent inflation, the global net employment outlook is a solid +22%. This number is derived from the difference between employers planning to increase headcount (41%) and those planning reductions (19%). Thirty-seven percent expect no change, while the remaining 3% are unsure.

While these numbers should provide a measure of confidence, they are also lower expectations on both a quarter-over-quarter (-4%) and year-over-year basis (-2%) on a global basis. Individual countries and sectors, as always, show more nuance. Read the rest of this entry »

Global Net Employment Outlook 26% for Q1

by Veronica Blatt

green and blue watercolor-style world mapDespite global economic uncertainty and continued recession woes, the latest Employment Outlook Survey from Manpower Group indicates that 42 percent of employers anticipate increased hiring this quarter. With 16 percent of employers anticipate shrinking payroll, that leads to a net employment outlook of +26 percent. This is a decrease of four percent from Q4, but a YOY increase of three percent. Thirty-nine percent of employers don’t anticipate any changes to current staffing levels. Read the rest of this entry »

Q4 Hiring Activity Ticks Up Slightly

by Veronica Blatt

green and blue watercolor-style world mapQ4 hiring activity is expected to remain steady around the world according to the results of the newest ManpowerGroup Employment Outlook Survey. There are no countries in the survey with a negative net outlook over the next three months. Globally, survey respondents expect a net hiring out look of +30%, which is an increase of 1% from a year ago and 2% from last quarter. The net hiring outlook is the difference between anticipated hiring increases (44%) and anticipated hiring decreases (14%). Read the rest of this entry »

Global Hiring Outlook +28% for Q3

by Veronica Blatt

ManpowerGroup has released the findings of its newest quarterly Employment Outlook survey. Employers participating in the survey report a net global hiring outlook of +28% for the upcoming quarter. This is down by 4% on a year-over-year basis, but a 5% improvement (+23%) compared to the previous quarter. The net outlook is derived by subtracting the difference between the employers who expect to increase hiring (43%) and those who anticipate reductions (15%). Read the rest of this entry »

Hiring Demand Remains Positive Despite Economic Uncertainty

by Veronica Blatt

green and blue watercolor-style world mapDespite continued fears and reports of a looming recession and persistent inflation, global hiring demand is expected to remain strong in the first quarter. This data is from the newest ManpowerGroup Employment Outlook Survey. The Net Employment Outlook, which is measured by subtracting the percentage of employers who expect headcount to shrink from the percentage of employers who plan to hire, still stands at a solid +23%. This is lower on both a quarter-over-quarter and year-over-year basis but still reflects that a plurality of employers participating in this global survey do plan to hire in the next three months. In fact, of the 41 countries participating in the survey, 39 of them have positive hiring outlooks. Only Poland and Hungary anticipate a decline in payroll in this quarter. Read the rest of this entry »

Year Over Year: Employer Hiring Intentions Improve

by Veronica Blatt

While many global economists continue to have concerns about an economic recession, nearly half (45%) of global employers intend to hire more workers in the coming quarter. Another third expect headcount to remain the same. Employer hiring activity has contracted slightly (-3%) from the previous quarter, but is up 6% compared to last year. These numbers are from the latest ManpowerGroup Employment Outlook Survey. Read the rest of this entry »

Global Hiring Momentum Continues into Q2

by Veronica Blatt

ManpowerGroup has released its newest Employment Outlook Survey. Hiring momentum remains strong going into the second quarter, with a considerable increase in the employment outlook on a year-over-year basis. More than 41,000 employers in some 40 countries and territories participated in the survey. While hiring plans are robust in many sectors and geographies, large organizations (more than 250 employees) expect to add the most headcount. Quarter-over-quarter hiring activity is expected to decrease slightly. Of particular note, survey data was collected in January 2022 prior to the conflict in Ukraine. Below are some of the major highlights from this latest survey. Read the rest of this entry »

Q2 Hiring Activity: Continued Green Shoots

by Veronica Blatt

global payroll outlookManpower Group has released its Employment Outlook Survey for the upcoming quarter. Globally, hiring activity remains generally positive, although at a slower pace than this time a year ago. Employers in 43 countries participated in the survey, with payroll gains anticipated in 31 of those countries. Declines are expected in ten countries while two countries expect no change. More than three-quarters of employers expect pre-pandemic levels of hiring to return by the end of 2021. Some other highlights from results: Read the rest of this entry »

Q3 Global Employment Outlook: Hiring Expected to Increase

by Veronica Blatt

business-arrowManpower has released the results of its latest quarterly global employment outlook survey; modest hiring increases are expected worldwide. Manpower surveys more than 59,000 employers in 42 countries on a quarterly basis. Key findings include: Read the rest of this entry »

Hot Markets for Global Recruiters

by Veronica Blatt

image of hot markets for global recruitersGlobal recruiters continue to adapt to the ever-shifting employment landscape. A recent report by Evenbase summarizes some of the most interesting countries to watch through the year 2020. The report includes data on GDP but also looks at factors not traditionally considered, such as the regulatory environment, language, and cultural factors. The full report is worth reading; here are some of points I found most salient:

  • The BRIC countries (Brazil, Russia, China, India) are often reported as the hottest emerging economies. While Evenbase lists Brazil, India, and China as the top 3 hottest markets, they have Russia pegged at number 9, partly due to continuing political and economic uncertainty. Global recruiters may also find opportunities in Australia, Japan, and Canada among others.
  • China’s recruitment industry is still in its infancy. Language barriers are significant, and the regulatory environment is also difficult. Enterprising global recruiters would do well to investigate partnerships in order to penetrate this market. One thing to consider is working on a split-fee basis with recruitment partners who are already operating in China.
  • Japan has more than three times the number of employment agency branches than its nearest competitor (83,000 vs 26,000 in the US).
  • Only 1.1% of the total workforce in Brazil is currently hired via a recruiting agency. Additionally, Brazil is also one of the countries where jobs are hardest to fill – 71% of employers report having trouble finding qualified candidates compared to 34% globally. These two facts should indicate a ripe market for global recruiters.
  • China’s workforce is aging, with 1/3 expected to retire in the next 20 years.
  • In India, job boards are responsible for 50% more hires than either recruitment agencies, direct hires, or word-of-mouth referrals.
  • Smartphones also impact global recruiters. Australia has the second-highest smartphone penetration (behind Singapore) and use a lot of apps, but social media adoption for recruitment is much slower than in other markets.
  • In the US, almost 1/3 of recruiters report that social networks are a major source of hires, but this number is much lower in other countries. Younger workers (25-34) are most likely to be using smartphones and represent a big target for global recruiters who are digitally-savvy.

Global recruiters who adopt digital platforms, social networks, and capitalize on smartphone technologies, will find plenty of hiring opportunities over the next decade and beyond.


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