December 14, 2021
December 14, 2021
Globally, employers plan to continue to bring workers in at rapid pace for the new year finds the latest anniversary edition of the ManpowerGroup Employment Outlook Survey of more than 6,000 employers.
In the U.S., Hiring intentions strengthen by 26 percentage points from Q1 2021 and remain higher than pre-pandemic for the second consecutive quarter.
"This is the most optimistic Q1 report we have seen in since the survey began six decades ago as employers continue to bring workers back into the labor market and the reconciliation between what workers want and what employers need continues" said Becky Frankiewicz, President, ManpowerGroup North America. "The gap between supply and demand narrowing - employers accept that good wages are now table stakes, and that employees are seeking more flexibility and more purpose in their lives. We have made great progress in moving closer to what workers want yet we still have some work to do to ensure these strong hiring plans translate to meaningful job opportunities."
"The post-pandemic hiring recovery that has been underway for some time will continue to carry momentum into 2022 with employers predicting strong demand for talent across key sectors," said Jonas Prising, ManpowerGroup Chairman & CEO. "Companies all over the world need skilled workers to meet their business objectives and fully participate in the economic global recovery. Talent shortages continue and employers are competing with a talent pool that has not full returned to labor markets due to the pandemic. Organizations need to embrace bold thinking on where, when, and how work gets done to meet what workers want while balancing the requirements of business."
An increase in payrolls is expected by employers in 41 of the 43 countries and territories surveyed by ManpowerGroup for the coming quarter, while employers in two anticipate a reduction in staffing levels. When compared with the previous quarter, employers report stronger hiring prospects in 31 of the 43 countries and territories, while hiring sentiment weakens in 10 countries and territories and is unchanged in two. In a comparison with the fourth quarter of 2020 – when the COVID-19 pandemic was in full swing across much of the globe – employers in all 43 countries and territories anticipate stronger labor markets. The strongest hiring intentions for the October to December time frame are reported in the United States, India, Canada, the Netherlands, Mexico and France. Meanwhile, employers in Panama, South Africa, Singapore, Croatia and Argentina anticipate the weakest hiring activity in the coming quarter.
Americas: Employers in both the U.S (+41%) and Canada (+37%) expect optimistic hiring levels for Q1 2022.
EMEA: Hiring intentions improve in 22 countries and decline in one compared with Q4, 2020 (France -1%).
APAC: Hiring sentiment strengthens in 5 countries and territories quarter-on-quarter while weakening in two; Singapore and Taiwan.
To view complete results for the ManpowerGroup Employment Outlook Survey, visit: manpowergroupusa.com/meos.