Global hiring intentions remain strong for Q4
The global labor market is projected to remain strong until year-end year as the global Net Employment Outlook rose to 30% for Q4, up six per cent year-on-year.
According to a poll by employment agency company ManpowerGroup, the demand for skilled workers is still at “record highs” despite various economic challenges across the world.
However, the study found uneven economic growth across markets as companies remain wary of the effects of the Russia-Ukraine war, rising inflation, higher cost of living, and a possible recession.
ManpowerGroup Chairman & CEO Jonas Prising said that digital roles continue to drive most of the demand globally with the greatest need for talent with technology skills.
“The rotation of consumer spending from goods to services continues to create more employment opportunities across hospitality sectors while employers in finance, banking, and insurance compete for skilled workers to fill in-demand roles,” he added.
Organizations in the IT industry report the most optimistic outlook with 42%, followed closely by Banking, Real Estate, and Insurance with 37%.
Meanwhile, in terms of regions, the brightest hiring intentions for Q4 2022 are in the Asia Pacific with 40%, as well as the South and Central Americas with 39%.
On the other hand, countries closest to Ukraine are taking a frugal approach in hiring intentions, with Hungary recording a -5% outlook for the fourth quarter.
