Hiring expectations strongest in India, Brazil, Germany
Uncertainty seems to be fading as third quarter employment outlooks across major countries improve from last year according to the latest Manpower Employment Outlook Survey.
Employers in the Emerging Markets of India and Brazil Continue to Report the Strongest Hiring Intentions Globally, with German Employers Reporting the Strongest Hiring Plans in Four Years.
According to ManpowerGroup's (NYSE:MAN) third quarter Manpower Employment Outlook Survey, year-over-year hiring outlooks improve modestly across major countries with German employers reporting their most optimistic hiring expectations since the downturn.
Although overall hiring plans for countries such as Italy and the U.K. remain subdued, results for Canada and France are above the historical average and those in Japan and the U.S., while below pre-recession levels, are cautiously optimistic.
Employers in the emerging market countries of India and Brazil continue to report the strongest hiring plans globally, fueled in part by strong demand in these countries' Finance, Insurance and Real Estate sectors.
"The year-over-year improvements across all major geographies are good news; additionally, the emerging markets continue their optimism. This is not to say that companies are not remaining somewhat cautious - they are - but they are steadily coming off the ‘no change' fence," said Jeffrey A. Joerres, Chairman and CEO of ManpowerGroup.
"Each market is not without its own set of supply and demand challenges. For example, many of our clients in developed markets are beginning to feel the talent crunch as aging workers retire; clients in emerging markets may have a surplus of candidates who often don't possess the level of education, skills and experience required for the job.
"The growing skills shortage will affect virtually every industry and every economy in the Human Age; and businesses, educators and governments must collaborate to find innovative ways to align learning and skills development with business needs to ensure future economic growth."
Click here to read the reports per country.