EMPLOYERS IN TECHNOLOGY, FINANCE AND MANUFACTURING REPORT THE MOST OPTIMISTIC PLANS

• Positive employment outlook reported by employers in 39 of 40 countries – 36 reporting stronger hiring outlook year-over-year
• Strongest hiring plans reported by employers in Brazil, India and Sweden
• Technical skills remain most in demand as digitalization accelerates and employers continue to compete for talent
• ManpowerGroup calls for swift action by businesses and governments to support humanitarian efforts so refugees can access meaningful work opportunities

MILWAUKEE, March 22, 2022 /PRNewswire/ — Strong hiring optimism continues in the second quarter of 2022, according to the ManpowerGroup Second Quarter Employment Outlook Survey (NYSE: MAN) of 41,000 employers released today*. Employers in 36 of 40 countries are reporting stronger hiring intentions than at the same time last year, with the strongest demand in IT, finance and manufacturing. Demand for skilled workers remains at record highs as employers seek to attract and retain top diverse talent as they navigate the post-pandemic era.

“Labour markets around the world look strong for the second quarter, with hiring prospects back to pre-pandemic levels in most countries,” said Jonah Award, Chairman and CEO of ManpowerGroup. “Any impact of Ukraine crisis is not reflected in employers’ hiring intentions. As Poland and neighboring countries grapple with the humanitarian crisis, we must be prepared to support refugee resettlement and employment efforts, adapting roles and requirements to fill vacancies and create new opportunities. “

“At ManpowerGroup, we work quickly to leverage our experience of integrating refugees into the labor markets of other countries – for example from Syria for Germany, Afghanistan in the United States – and to adapt and expand retraining and upgrading programs specifically aimed at this population. Now is the time for collaboration between employers and governments to make it as quick and easy as possible to integrate refugees into the workforce so that they can earn a living, contribute to society and, above all, feel welcome in their new environment. »

MAIN FINDINGS

• Strongest hiring plans for employers in Brazil (+40%), India (+38%), Mexico (+38%) and Sweden (+38%); lowest reported in Greece (-2%), Poland (+5%) and Japan (+6%).
• Prospects improve year-on-year in 36 countries with the most significant improvements reported by employers South Africa, Panama, Peru, Colombia, Brazil, Sweden and the Netherlands.
• Employers in North America report the most optimistic regional outlook 38% followed by the South and central America (+35%), APAC (+28%) then EMEA (+22%).
• Labor shortages drive labor demand across all sectors: Manufacturing (+31%), wholesale and retail trade (+29%) and primary production (+27) are reporting strong hiring intentions as employers continue to struggle to fill positions requiring workers are on site.
• The weakest hiring intentions (although improving) were reported in restaurants and hotels (20%) as hospitality continues to recover following the appearance of the Omnicron variant in late 2021.

Global hiring plans by region

EMEA: Employers report positive hiring intentions in 22 out of 23 countries over the next three months. The only negative outlook is reported by employers in Greece.

• Year-over-year hiring sentiment improves in 20 countries and declines in only 3 countries, Greece, Polandand Romania.
• The most significant improvements reported in Sweden (+38%), Netherlands (+36%) and Belgium (+34%); the weakest in Greece (-2%), Poland (-5%) and Romania (-7%).
• In France and Germany, Paris (+25%) and Munich (+33%) report some of the city’s most optimistic outlook in the region, driven by IT and finance employers.

North America: The United States (+35%) and Canada (+37%) announce solid hiring levels for the second quarter of 2022.

• Employers in Canada report a slightly better outlook than in the last quarter (+2%), while the United States shows a slight decline for the second quarter (-6%).
• Hiring managers in both countries expect hiring to be significantly stronger compared to year-over-year intentions, +27 percentage points in Canada and +16 in the United States
• In the United States, employers report the strongest outlook (+51%), those in education, health, social work and government (+27%) report the weakest.

Central and South America: Positive hiring intentions are forecast for the eight countries of the South and central America during the second quarter of 2022.

• The strongest hiring plans are reported in Brazil (+40) then Colombia (+38%); the weakest in Argentina.
• Compared to the previous quarter, seven countries saw their intentions weaken, while Panama shows a slight increase (+2% percentage points).
• The outlook in the region has improved by 40 points compared to the previous year and by 22 points since the last quarter.

APAC: In all seven Asia Pacific employers in countries and territories report positive and improved hiring intentions for the next three months.

• The strongest hiring plans are reported in India (+38%) Australia (+28%) and China (+28%), while the weakest hiring plans are expected in Japan (+6%), Taiwan (+7%) and hong kong (+9%).
• The feeling of employment is strengthening in China and Singapore compared to T1 and weakens in Japan, Taiwan, Australia, New Zealand, Indiaand hong kong.

*The data was collected in January 2022before the conflict Ukrainethe next MEOS report will be published on May 27.

To view the full results of the ManpowerGroup Employment Outlook Survey, please visit: https://go.manpowergroup.com/meos. The next survey will be published in May 2022 and will release hiring forecasts for the third quarter.

ABOUT THE SURVEY

The ManpowerGroup Employment Outlook Survey is the most comprehensive prospective employment survey of its kind, used globally as a key economic indicator. The net employment outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this percentage the percentage of employers expecting a decrease in hiring activity.

ABOUT MANPOWER GROUP

ManpowerGroup® (NYSE: MAN), the global leader in workforce management solutions, helps organizations transform in a rapidly changing world of work by finding, 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 and sustainable employment for millions of people across a wide range of industries and skills. Our family of expert brands – Manpower, Experis and Talent Solutions – create far more value for candidates and clients in more than 75 countries and territories for more than 70 years. We are consistently recognized for our diversity – as the Best Workplace for Women, Inclusion, Equality and Disability and in 2022 ManpowerGroup was named one of the World’s Most Ethical Companies for the 13th year – all confirming our position as the brand of choice for sought-after talent.

SOURCEManpowerGroup