ManpowerGroup Employment Outlook Survey Q3 2019
CZECH EMPLOYERS REPORT CONSERVATIVE HIRING PLANS
Prague, 11th June – ManpowerGroup Czech Republic today released results of the ManpowerGroup Employment Outlook Survey for the third quarter of 2019.
Job seekers can expect a soft labor market in the third quarter of 2019, according to Czech employers who report a seasonally adjusted Net Employment Outlook of +3%. Hiring intentions remain relatively stable in comparison with both 2Q 2019 and 3Q 2018.
“Czech unemployment rate remains the lowest in Europe and GDP growth is one of highest. According to the ManpowerGroup Employment Outlook Survey the positive pace of hiring will also continue in the 3rd quarter, which is usually the strongest season for the labor market. We observe structural shifts in demand for new employees in the Czech economy. Since last quarter, there is a decrease in hiring intentions in manufacturing and logistics and an increase in services. In addition, 35% of large companies plan to increase the number of staff and in-demand profiles are now emphasizing specialized skills in IT, engineering and skill trades. On the other hand, there is an oversupply in middle-level positions in back office positions,” said Jaroslava Rezlerová, Managing Director of ManpowerGroup Czech Republic.
Industry sector comparisons
Employers anticipate workforce gains in eight of 10 industry sectors and two of three regions during the coming quarter. Outlooks strengthen in five sectors and two regions both quarter-over-quarter and year-over-year. When the Czech Republic’s 10 industry sectors are compared, Transport, Storage & Communications sector employers report the strongest hiring plans. The sector’s Net Employment Outlook of +19% is the strongest since the survey began 11 years ago, improving by 7 and 21 percentage points from 2Q 2019 and 3Q 2018, respectively. The weakest sector Outlooks of 0% are reported in two sectors. Agriculture, Hunting, Forestry & Fishing sector employers report a quarter-over-quarter decline of 5 percentage points, but the Outlook remains relatively stable when compared with the same period last year. The Public & Social sector Outlook decreases by 3 and 4 percentage points from 2Q 2019 and 3Q 2018, respectively.
Employers report the strongest regional hiring sentiment in Prague, where the Outlook of +6% improves by 2 percentage points when compared with the previous quarter and is 4 percentage points stronger year-over-year. The weakest regional forecast is reported in Moravia, where employers expect to trim payrolls (-3%). The Outlook is the weakest reported in six years, declining by 9 and 13 percentage points from 2Q 2019 and 3Q 2018, respectively.
Organization Size Comparisons
Job gains are forecast for all four organization size categories in the forthcoming quarter. Large employers anticipate a healthy hiring pace, reporting an Outlook of +29%. Meanwhile, the weakest Outlook of +2% is reported by Micro firms.
When compared with the previous quarter, employers in 18 of 44 countries and territories report stronger hiring prospects, while employers in 18 report weaker hiring plans and no change is anticipated in eight. In a comparison with the same period last year, hiring intentions strengthen in 12 countries and territories, but weaken in 26 and are unchanged in six. The strongest hiring sentiment is reported in Japan, Croatia, Taiwan, the U.S., Greece and Slovenia, while the weakest hiring prospects are reported for Hungary, Argentina, Italy and Spain.
The next ManpowerGroup Employment Outlook Survey featuring the forecast for the 4Q 2019 period will be published on 11 September 2019.
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’s independent survey data is also sourced by financial analysts and economists around the world to help determine where labor markets are headed.
ManpowerGroup® (NYSE: MAN), 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. In 2019, ManpowerGroup was named one of Fortune’s Most Admired Companies for the seventeenth year and one of the World’s Most Ethical Companies for the ninth year in 2018, confirming our position as the most trusted and admired brand in the industry. See how ManpowerGroup is powering the future of work: www.manpowergroup.com.
About ManpowerGroup Czech Republic
Through a network of over 35 offices, we provide staff (nearly 12,000) for approximately 1,200 clients. With employment opportunities in the public and private sector, on both a permanent and temporary basis, we make it easy for people to find employment and for companies to find staff with the skills they need. Solutions include permanent and temporary positions, holiday, maternity or sick coverage, through to large workforce transformation and outsourcing contracts.
More information available on www.manpowergroup.cz