THE CZECH REPUBLIC EXPECTS A ROBUST HIRING PACE
Prague, 22 March 2022 – During the quarter from April to June 2022, Czech workers can anticipate a robust hiring pace, with a Net Employment Outlook (NEO) of plus 11 percentage points. Czech workers can anticipate the NEO to worsen by -3 percentage points compared with the first quarter of 2022, and, since the second quarter of 2021, grow by 4 percentage points.
“The labour market is still dominated by the need for companies to recruit new people, a positive recruitment trend that started at the end of last year. However, the new reality also brings a high level of uncertainty for companies, which is reflected in the initial shifts in the labour market. While 33% of employers will hire new staff, according to our survey, 21% plan to reduce their workforce. While unemployment will still fall, although there is not much more to go, many people will also have to change employers or even professions, and hence the importance of retraining will increase significantly. The labour market situation will also be affected by the number of refugees from the war, among whom women predominate. Hopefully, the current wave of aid efforts will last and in the medium term will force Czech companies, which have long suffered from a lack of suitable candidates, to focus more on how to create suitable working conditions for people with individual needs, such as mothers with young children, seniors, students or people with reduced working capacity,” said Jaroslava Rezlerová, Managing Director of ManpowerGroup Czech Republic.
Industry sector comparisons
Gains are predicted in the hiring market for 8 of 11 Czech sectors for the coming quarter but staffing climate losses are predicted for 3. Since being asked in the first quarter of 2022, hiring managers anticipate the NEO to decline for 7 of 11 sectors, and to improve for 3 of 11. Compared to this quarter last year, workers can expect the NEO to improve for 5 of 7 sectors but worsen for 2 sectors.
In the coming quarter Banking, Finance, Insurance and Real Estate is the best-performing sector, with employers reporting a Net Outlook of 24. Since being asked in Q1 2022, employers in this sector expect the NEO to decline by -26 percentage points and since the second quarter of 2021, the NEO is set to improve by 12 percentage points. The weakest sector is Other Services, with hiring managers reporting a Net Outlook of -19. Hiring paces are predicted to worsen by -38 percentage points in this sector since hiring managers were asked in Q1 2022.
With a NEO of 20, organizations in the Prague region expect the best-performing hiring environment. Since being asked in the first quarter of 2022, hiring managers in this region expect the NEO to decline by -3 percentage points. Plans are also to grow by 12 points compared to this quarter last year. Reporting a NEO of 3, organizations in Bohemia expect the lowest-performing hiring climate during Q2 2022. Since being asked in the previous quarter, organizations in this region anticipate the NEO to decline by -2 percentage points and worsen by -3 points compared to this quarter last year.
Organization Size Comparisons
For 3 of 4 Czech organization sizes, in the next quarter, hiring climate gains are predicted by organizations. For 1 organizations size, staffing climate losses are expected during the coming quarter. Since being asked in the first quarter of 2022, hiring decision makers expect the NEO to decline for 3 of 4 organization sizes compared to the first quarter of 2022. Staffing environment plans improve for 1 of 4 organization sizes compared with the first quarter of 2022. Compared to Q2 2021, Czech job hunters can expect the NEO to improve for 3 of 4 organization sizes. Forecasts to decline for 1 of 4 organization sizes since organizations were asked in the second quarter of 2021.
Hiring managers are expecting a NEO of 22 in organizations with 250+ employees for the coming quarter, making it the organization size with the most competitive expected job market. Since being asked in the last quarter, hiring managers in these types of organizations anticipate the NEO to grow by 4 percentage points and improve by 4 points compared to the second quarter of 2021. Reporting a NEO of -4, employers in organizations with less than 10 employees expect the lowest-performing staffing environment during the second quarter of 2022. Compared to Q1 2022, these organization size’s job hunters can plan for the NEO to decline by -17 percentage points and anticipate the outlook to decline by -10 points compared to Q2 2021.
ManpowerGroup surveyed a total of 41,379 employers in 40 countries and territories to measure employer hiring intentions for the second quarter of 2022. Interviewing was carried out during the ongoing recovery from the COVID-19 pandemic. The survey findings for the April to June 2022 period are likely to reflect the impact of the ongoing economic disruption in some countries. Employers around the world are still expecting to grow payrolls, although there is less of an expectation than there was last quarter.
Based on seasonally adjusted analysis*, employers surveyed in almost all countries and territories expect to grow payrolls in the upcoming quarter. Only employers in Greece expect to see a small decrease in payrolls. The strongest hiring plans for the next three months are reported in Brazil, Sweden, India, Mexico, and Colombia. The weakest hiring sentiment is reported in Greece, Poland, Japan, Taiwan, and Romania.
About the Survey
The global leader in innovative workforce solutions, ManpowerGroup releases the ManpowerGroup 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 59,000 employers in 44 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®, the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower®, Experis®, Right Management® and ManpowerGroup® Solutions – creates substantially more value for candidates and clients across 80 countries and territories and has done so for 70 years. See how ManpowerGroup is powering the future of work: www.manpowergroup.com.
More information available on www.manpowergroup.cz