Manpower Employment Outlook Survey

Transcription

1 ManpowerGroup Mesogeion 2-4 Athens Tower Athens T: F: Media Contact: Marianna Kollitiri T: Manpower Employment Outlook Survey Greek employers report strongest hiring plans since 4Q 2008 The Net Employment Outlook in Greece stands at +8% 1 for Quarter This quarter s survey reveals: - Net Employment Outlook strongest since 4Q Hiring plans remain relatively stable compared to 4Q Payrolls are forecast to grow in eight of nine industry sectors Athens, December 9th, 2014 Employers in Greece continue to report encouraging signs for job seekers according to the quarterly Manpower Employment Outlook Survey released today by ManpowerGroup Greece. With a seasonally adjusted Employment Outlook that stands at +8%, Greek employers report their strongest hiring plans since the fourth quarter of Employers anticipate payroll growth in eight of nine industry sectors during 1Q The Outlook improves in five sectors and one region when compared with the previous quarter and climbs in six sectors and both regions yearover-year. The quarterly research reveals that 16% of employers forecasting an increase in staffing levels, 12% anticipating a decrease and 70% expecting no change. Once data is adjusted to allow for seasonal variation, the Outlook stands at +8%. Hiring intentions remain relatively stable when compared with the previous quarter and improve by 3 percentage points year-over-year. The Manpower Employment Outlook Survey for the first quarter 2015 was conducted by interviewing a representative sample of 753 employers in Greece. 1 Once the data is adjusted to allow for seasonal variation

2 Manpower Employment Outlook Survey 1Q 2015 / Page 2 ManpowerGroup - Net Employment Outlook Evolution in Greece Our survey reveals encouraging signs for the Labor Market in Greece for the forthcoming quarter of January-March 2015, comments Dr Venetia Koussia, ManpowerGroup s Managing Director. Employers in eight out of nine industry sectors report a positive forecast with the strongest hiring pace expected by employers in the Finance, Insurance, Real Estate & Business Services sector. However, it should be noted that the positive climate that we see in the Manpower Employment Outlook Survey, does not extend to every facet of business in Greece. Through the lens of our survey, we see that employers in small companies constituting the backbone of our economy express the weakest level of employer confidence. However, even though the Outlook for small-business employers has declined for two consecutive quarters, the forecast remains positive but very modest in comparison to other size organizations. It is clear that the multi-layered socio-economic challenges that the small and middle level businesses are called to face are becoming a critical barrier for the further development of the labor market. It is imperative to deploy new tools and to work together in forging practical solutions that can empower real opportunities for the creation of new and sustainable jobs that will eventually propel our economy and society forward. states Dr. Koussia. ManpowerGroup - Net Employment Outlook in Greece Organization-Size Data

3 Manpower Employment Outlook Survey 1Q 2015 / Page 3 Sector Comparisons Employers in eight of the nine industry sectors forecast an increase in staffing levels during the next three months. Finance, Insurance, Real Estate & Business Services sector employers anticipate the strongest labor market, reporting a Net Employment Outlook of +19%. Elsewhere, Outlooks stand at +14% in both the Manufacturing sector and the Wholesale & Retail Trade sector, while the Outlook for the Transport, Storage & Communication sector is +13%. However, Restaurants & Hotels sector employers expect a subdued hiring climate with an Outlook of -2%. When compared with 4Q 2014, employers in five of the nine industry sectors report improved hiring prospects. The most noteworthy Outlook increases of 7 and 6 percentage points are reported in the Wholesale & Retail Trade sector and the Manufacturing sector, respectively, while employers in both the Electricity, Gas & Water Supply sector and the Finance, Insurance, Real Estate & Business Services sector report improvements of 5 percentage points. Meanwhile, hiring intentions weaken in four sectors, most notably by 5 percentage points in the Agriculture, Hunting, Forestry & Fishing sector. Year-over-year, hiring prospects strengthen in six of the nine industry sectors. Finance, Insurance, Real Estate & Business Services sector employers report a considerable increase of 11 percentage points while the Manufacturing sector Outlook is 10 percentage points stronger. Wholesale & Retail Trade sector employers also report a noteworthy improvement of 9 percentage points. However, hiring plans weaken in two sectors, most notably by 13 percentage points in the Restaurants & Hotels sector. Regional Comparisons Employers in both regions expect to increase staffing levels during the January-March period. The strongest Net Employment Outlook of +11% is reported in Greater Attica, while the Outlook for North Greece stands at +4%. Quarter-over-quarter, hiring intentions improve by 2 percentage points in Greater Attica while remaining relatively stable in North Greece. When compared with 1Q 2014, hiring plans strengthen in both regions. The Greater Attica Outlook is 4 percentage points stronger and employers in North Greece report an increase of 2 percentage points.

4 Manpower Employment Outlook Survey 1Q 2015 / Page 4 International comparisons ManpowerGroup interviewed over 65,000 employers across 42 countries and territories to measure anticipated labor market activity* between January and March All participants were asked, How do you anticipate total employment at your location to change in the three months to the end of March 2015 as compared to the current quarter? Across the globe, employers in 38 of the 42 countries and territories report positive firstquarter hiring plans. Outlooks are generally stronger when compared to the Quarter and Quarter surveys; forecasts improve in 22 countries and decline in only 12 quarterover-quarter, and improve in 24 countries while declining in 13 year-over-year. Hiring confidence for the January-March time frame is once again strongest in India, Taiwan and New Zealand. The weakest and only negative forecasts are reported by employers in Finland, Italy, Netherlands and Switzerland. In the Europe, Middle East & Africa (EMEA) region job prospects are mixed: Employers in 20 of 24 countries forecast payroll gains in the quarter ahead, while employers in four countries expect staffing levels to decline. The hiring forecast improves in 12 countries quarter-overquarter, and strengthens in 15 in a year-overyear comparison. Turkish employers report the region s most optimistic hiring plans for the first three months of the year while job growth is expected to be weakest in Finland. * Indicates unadjusted data.

5 Manpower Employment Outlook Survey 1Q 2015 / Page 5 Note from the Editors Commentary is based on seasonally adjusted data where available. The next Manpower Employment Outlook Survey will be released on 10 March 2015 to report hiring expectations for the second quarter of The Manpower Employment Outlook Survey is available free of charge to the public through ManpowerGroup Greece. Full survey results for each of the 42 countries and territories included in this quarter s survey, plus regional and global comparisons, can be found at About the Survey The Manpower Employment Outlook Survey is the longest-running, most extensive, forward-looking employment survey in the world, commencing in 1962 and now polling over 65,000 employers in 42 countries and territories to measure their intentions to increase or decrease the number of employees in their workforce during the next quarter. The survey serves as a bellwether of labor market trends and activities and is regularly used to inform the Bank of England s Inflation Reports, as well as a regular data source for the European Commission, informing its EU Employment Situation and Social Outlook report the Monthly Monitor. ManpowerGroup s independent survey data is also sourced by financial analysts and economists around the world to help determine the health of labor markets. About ManpowerGroup ManpowerGroup (NYSE: MAN) has been the world s workforce expert for more than 65 years. We source, assess, develop and manage talent across a wide range of skills and industries. Our ManpowerGroup family of brands Experis, Manpower, ManpowerGroup Solutions, and Right Management helps 400,000 clients in 80 countries and territories improve workforce performance, while connecting more than 600,000 individuals to meaningful work. ManpowerGroup was named one of the World s Most Ethical Companies for the fourth consecutive year in 2014, confirming our position as the most trusted brand in the industry.