ManpowerGroup Employment Outlook Survey Q4 2018
Czech emploers expect a fair hiring climat in the Q4 2018
Prague, 11th September – ManpowerGroup Czech Republic releases today results of the ManpowerGroup Employment Outlook Survey for the fourth quarter of 2018.
Czech job seekers can expect a fair hiring climate in the October-December time frame, according to employers who report a seasonally adjusted Net Employment Outlook of +6%. Hiring prospects improve by 2 and 5 percentage points from 3Q 2018 and 4Q 2017, respectively.
Staffing levels are expected to increase in eight of 10 industry sectors and all three regions during the final quarter of 2018. Outlooks improve in seven sectors and two regions when compared with the previous quarter, while employers in nine sectors and two regions report stronger hiring plans year-over-year.
“The unemployment rate is the lowest in the history and according to the ManpowerGroup Employment Outlook Survey the hiring pace remains positive also for Q4 2018. Demand significantly exceeds supply, and in the big cities and industrial areas companies report critical lack of workers, increasing wage inflation and employee fluctuation. The tight talent supply is forcing employers to try and use new HR strategies. They are modifying reward systems and benefits, organizing manufacturing in different way, using part-times and flexible forms of employment more often, and engaging in recruitment in distant regions, even abroad,” said Jaroslava Rezlerová, Managing Director of ManpowerGroup Czech Republic.
Industry sector comparisons
For the second consecutive quarter, the strongest of the 10 industry sector forecasts is reported by Electricity, Gas & Water sector employers. Standing at +13%, the Outlook is unchanged quarter-over-quarter, and improves by 9 percentage points in comparison with the same period last year.
Restaurants & Hotels sector employers report the weakest sector Outlook of -3%. Hiring intentions are the weakest reported in four years, declining by 9 and 14 percentage points from 3Q 2018 and 4Q 2017, respectively.
The strongest of the Czech Republic’s regional Outlooks is reported in Moravia (+8%), remaining relatively stable when compared with the previous quarter, and improving by 6 percentage points year-over-year. Prague employers report the most cautious regional Outlook of +4%, improving by 2 percentage points in comparison with 3Q 2018, and unchanged compared with last year at this time.
Organization Size Comparisons
Workforce gains are forecast in all four organization size categories for the upcoming quarter. Large employers anticipate a brisk hiring pace (+33%), while the most cautious Outlook of +5% is reported by Micro firms.
Fourth-quarter hiring plans strengthen in 22 of 44 countries and territories when compared to the July-September time frame, weaken in 14 and are unchanged in eight. When compared to last year at this time, Outlooks improve in 23 countries and territories, weaken in 13 and are unchanged in seven. Fourth-quarter hiring confidence is strongest in Japan, Taiwan, the U.S., Romania and Slovenia, while the weakest hiring prospects are reported in Switzerland, Argentina, France and Italy.
The next ManpowerGroup Employment Outlook Survey featuring the forecast for the 1Q 2019 period will be published on 11 December 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 nearly 60,000 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 over 400,000 clients and connect 3+ million people to meaningful, sustainable work 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 nearly 70 years. In 2017, ManpowerGroup was named one of the World’s Most Ethical Companies for the seventh consecutive year and one of Fortune’s Most Admired Companies, 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.
In January 2011, at the World Economic Forum Annual Meeting in Davos, Switzerland, ManpowerGroup announced the world has entered the Human Age, where talent has replaced capital as the key competitive differentiator. This concept of talentism as the new capitalism continues to resonate and was echoed as a core theme of the 2012 Annual Meeting of the World Economic Forum in Davos. Learn more about this new age at www.manpowergroup.com/humanage.
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About ManpowerGroup Czech Republic
Through a network of over 35 offices, we provide staff (nearly 12,000) for around 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