'Measured hiring' expected from employers globally in Q3

Which regions are seeing the strongest outlooks?

'Measured hiring' expected from employers globally in Q3

This coming third quarter, employers across the world are eyeing more "measured hiring" as they put a focus on attracting and retaining critical talent, according to a new report.

ManpowerGroup's latest Employment Outlook Survey revealed that net employment outlook for the third quarter is at +28%, down four percent from the same period last year to indicate weaker hiring plans.

"This data suggests employers are planning more measured hiring for the quarter ahead as they navigate a range of local and macro level challenges from supply constraints to uneven consumer confidence and rising inflation," says ManpowerGroup Chairman and CEO Jonas Prising in a media release.

"That said, attracting and retaining business critical talent remains a priority, and our survey respondents around the world continue to be focused on hiring for in-demand roles."

Employers’ hiring plans by region

North America registered a strong net employment outlook with +35%, according to the report. The US (+35%) and Canada (+34%), despite reporting quarterly increases in hiring plans, reported an annual decrease of -3%. In the Asia-Pacific, the region reported a net employment outlook of +31%, led by Australia (+37%), India (+36%), and China (35%).

Australia also is also leading the demand for digital roles both regionally and globally (+61%), according to the report.

Central and South America's net employment outlook also reported a quarterly increase of +2% to reach +29%. Costa Rican employers led globally and regionally at +43%, followed by Peru (+38%), and Mexico (+36%)

Europe, Middle East and Africa, despite reporting a moderate quarterly increase, is still the weakest globally in terms of hiring plans (+20%) next quarter.

Netherlands (+39%), South Africa (+34%), and the U.K. (+29%) had the most optimistic employers from the region, while France and Italy reported quarterly decline of -5%.

Sought-after roles in hiring plans

Digital roles are the most in demand globally as employers in the IT industry report the brightest outlook for the third time this year, according to the report.

Weaker hiring plans can still be observed, however, as the net employment outlook in the industry is at -7% compared with the third quarter last year.

The Energy & Utilities industry also reported strong net employment outlook with +35%, while the least optimistic fields include the Communication Services (22%) and Consumer Goods & Services (22%) industries.

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