MEDIA RELEASE. EMBARGOED UNTIL 10 th of December 2013 AT GMT
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1 EMBARGOED UNTIL 10 th of December 2013 AT GMT MEDIA RELEASE 2014 Q1 Manpower Employment Outlook: Eurozone recovery continues at a painfully slow pace, but Turkey s employers continue to expect region s strongest hiring pace The Manpower Employment Outlook Survey reveals that Turkish employers report hopeful hiring plans for the January- March time frame, particularly in the Public & Social sector due mainly to local elections. The Net Employment Outlook declines 2 percentage points from last quarter. Overall, one out of four employers expect to increase payrolls during the January-March time frame and the Net Employment Outlook stands at +16%. ISTANBUL, TURKEY (10 th December 2013) According to ManpowerGroup s (NYSE: MAN) 2014 first quarter Global Employment Outlook Survey that was released today, Turkish employers report hopeful hiring plans for the January- March time frame. The quarterly research measured the hiring intentions of 1,001 Turkish employers, of which 25% expect to increase payrolls, 9% forecast a decrease and 65% anticipate no change to current staffing levels. The resulting Net Employment Outlook for the first quarter of 2014 stands at +16%. When compared with Q4 2013, the Outlook declines by 2 percentage points however; year-overyear hiring plans are 6 percentage points stronger. Manpower Turkey General Manager Reha Hatipoglu comments on the first quarter employment forecasts: Even through the recession and post-recession times
2 Turkish employers have been reporting consistently impressive levels of hiring activities. As the forecast for the first quarter of 2014 reveals, employer hiring plans are scaled back modestly but remain positive and adds: Still, for job seekers in the country opportunities remain optimistic and throughout the EMEA region firstquarter hiring plans are among strongest in Turkey. Deputy Prime Minister Ali Babacan recently talked about the government aims to create 1.8 million new jobs between 2014 and 2016, decreasing the unemployment rate to around 8.9 percent. The government has prioritized increasing growth and employment. If this effort is successful, it will provide the additional support the market needs throughout the year. Turkey s Net Employment Outlook for 1st Quarter 2014: +16% Increase Decrease No Change Don t Know Net Employment Outlook % % % % % 1st quarter nd quarter rd quarter th quarter st quarter nd quarter rd quarter th quarter st quarter nd quarter rd quarter th quarter st quarter Employers in all five regions expect to grow staffing levels during 1Q The most optimistic hiring intentions are reported in Central Anatolia and Aegean, where Net Employment Outlooks stand at +21% and +20%, respectively. Marmara employers report upbeat hiring prospects with an Outlook of +19%. Elsewhere, employers report cautiously optimistic Outlooks of +10% for both Black Sea and Mediterranean. Year-over-year, hiring plans are stronger in all five regions. Net Employment Outlook
3 AEGEAN +20 BLACK SEA +10 CENTRAL ANATOLIA +21 MARMARA +19 MEDITERRANEAN +10 During the upcoming quarter, payrolls are expected to increase in 10 of the 11 industry sectors. In general, employers report weaker hiring plans in seven of the 11 industry sectors when compared with Q Employers report the strongest hiring prospects in the Electricity, Gas & Water Supply sector, with a robust Net Employment Outlook of +33%. Public & Social sector employers forecast an active labor market with an Outlook of +24% and Outlooks for two sectors stands at +20% - the Finance, Insurance, Real Estate & Business Services sector and the Pharmaceuticals sector. Upbeat hiring plans are also noteworthy with Outlooks of +19% in both the Transport, Storage & Communication sector and the Wholesale & Retail Trade sector. Manpower Turkey General Manager Reha Hatipoglu comments: Turkey s Outlook is fueled by considerable year-over-year improvement in the Pharmaceutical sector forecast; first-quarter hiring plans are also stronger in the Electricity, Gas & Water Supply industry sector as privatization throughout the industry continues, and in the Public & Social sector where an uptick in hiring is expected due to local elections. Net Employment Outlook AGRICULTURE, HUNTING, FORESTRY & FISHING +16 CONSTRUCTION +8 ELECTRICITY, GAS & WATER SUPPLY +33 FINANCE, INSURANCE, REAL ESTATE & BUSINESS SERVICES +20 MANUFACTURING +17 MINING & QUARRYING +6 PUBLIC & SOCIAL +24 RESTAURANTS & HOTELS -2 TRANSPORT, STORAGE & COMMUNICATION +19 WHOLESALE & RETAIL TRADE +19 PHARMACEUTICALS +20 However, hiring plans in the Restaurants & Hotels sector are cautious, with employers reporting an Outlook of -2%. When compared with 1Q 2013 hiring prospects strengthen in nine of the 11 industry sectors
4 As we enter 2014, marketplace uncertainty continues to concern employers Globally, hiring optimism strengthens from three months ago in 21 countries and territories, but weakens in 15. Outlooks are also stronger in 21 countries and territories in a year-over-year comparison, but decline in 17. When global labor markets are viewed as a group, there is little evidence of an overriding trend among hiring managers. The first-quarter research indicates that marketplace uncertainty continues to concern employers, many of whom report that they intend to add to their payrolls, but at rates far more modest than in the pre-recession years. Employers in Taiwan, India and New Zealand report the strongest first-quarter hiring plans globally. The weakest and only negative Net Employment Outlooks are reported in Italy, Ireland, Finland, Spain, Slovakia and Belgium. In the EMEA region, hiring trends remain mixed with employers reporting positive hiring intentions in 16 of the 24 countries surveyed. Outlooks improve in 15 of 24 countries from three months ago but weaken in seven. In a year-over-year comparison, forecasts improve in 13 countries but weaken in eight. GDP estimates throughout the Eurozone indicate that recovery continues at a painfully slow pace, and at a rate that will likely not be enough to significantly reduce unemployment especially among youth where unemployment for those 25 and under remains over 24 percent. First-quarter hiring plans are strongest in Turkey, Israel and Poland. Conversely, opportunities for job seekers in Greece are expected to improve noticeably in the next three months as the Outlook climbs for the sixth consecutive quarter and employers report the strongest hiring intentions in over five years. The Net Employment Outlook in the Manpower Employment Outlook Survey is derived by taking the percentage of employers anticipating total employment to increase and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter. The Manpower Employment Outlook Survey Explorer tool, a new interactive way to examine and compare ManpowerGroup s data, can be viewed at The tool includes at-aglance maps and graphs that plot historical and current global hiring trends. The next Manpower Employment Outlook Survey will be released on 11 March 2014 to report hiring expectations for the second quarter of The Manpower
5 Employment Outlook Survey is available free of charge to the public through their local Manpower representative in participating countries. To receive notification when the survey is available each quarter, interested individuals are invited to complete an online subscription form at: About the Survey The global leader in innovative workforce solutions, ManpowerGroup releases the Manpower Employment Outlook Survey quarterly to measure employers intentions to increase or decrease the number of employees in their workforce during the next quarter. It is the longest running, most extensive, forward-looking employment survey in the world, polling over 65,000 employers in 42 countries and territories. 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 where labor markets are headed. Note to Editors: Commentary is based on seasonally adjusted data where available. 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 in the ManpowerGroup Press Room at In addition, all tables and graphs from the full report are available to be downloaded for use in publication or broadcast from the ManpowerGroup Web site at: About ManpowerGroup ManpowerGroup (NYSE: MAN) is the world leader in innovative workforce solutions that ensure the talent sustainability of the world's workforce for the good of companies, communities, countries, and individuals themselves. Specializing in solutions that help organizations achieve business agility and workforce flexibility, ManpowerGroup leverages its 65 years of world of work expertise to create the work models, design the people practices and access the talent sources its clients need for the future. From staffing, recruitment, workforce consulting, outsourcing and career management to assessment, training and development, ManpowerGroup delivers the talent to drive the innovation and productivity of organizations in a world where talentism is the dominant economic system. Every day, ManpowerGroup connects more than 630,000 people to work and builds their experience and employability through its relationships with 400,000 clients across 80 countries and territories. ManpowerGroup's suite of solutions is offered through ManpowerGroup Solutions, Manpower, Experis and Right Management. ManpowerGroup was named one of the World's Most Ethical Companies for the third consecutive year in 2013, confirming our position as the most trusted brand in theindustry.
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