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 »
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 »
Manpower 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 »
Manpower 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 »
Global 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.
Today’s guest blogger is Anne Downing with Demetrio & Associates, LLC located in greater Phoenix, Arizona. Demetrio & Associates is a boutique recruitment firm that has clients across the US as well as in international locations. The firm places candidates in sales & marketing, advertising, wireless and software positions.
It seems independent recruiters hear about unemployment, job openings, layoffs etc. each and every day. One day there is news of low unemployment rates, and then the next thing you know it we hear something negative and we are left thinking that there are few job openings in the US and it may stay this way for a long time.
As of the end of June, there were 3.8 million job openings in the US., the most since July 2008. Even the lukewarm jobs report for July was the best in five months. Where are all of these jobs you might ask… according to the Bureau of Labor Statistics from the US Department of Labor, the industries with the greatest amount of job openings as of June 2012 are the following:
- Professional and Business Services (718,000 openings)
- Healthcare Services (700,000 openings)
- Healthcare Assistance (644,000 openings), and
- Transportation and Utilities (601,000 openings).
Other sources, including Monster.com, indicate that highly skilled workers and entry-level workers have the biggest pool of jobs to choose from. Industries including finance, engineering and technology have numerous job openings across the US for the highly skilled workers. Entry-level candidates have the greatest opportunity to find positions in the healthcare and hospitality industries.
We have a long way to go to get back to our pre-recession employment market because the US lost 9 million positions during the recession. It has been predicted by Moody’s that if things stay on course the US will create 2.7 million jobs in 2012 and 4.5 million jobs in 2014. If this turns out to be the case, we will be back to our prerecession number by the end of 2014.
There are a lot of great job opportunities out there and a lot of qualified job seekers. It’s a great time to be an independent recruiter!