Though the hopeful 10 per cent is down five per cent in the Windsor area compared to ManpowerGroup's previous jobs outlook, it is an increase of five per cent from the same time a year ago. "In the coming times, technology will change the job market dynamics and individuals need to adopt skillsets to remain employable", said AG Rao, group managing director at ManpowerGroup India. The weakest outlooks are reported in Mining (+15%), Government Information (+14%) and Nondurable Goods Manufacturing (+12%). While there won't be layoffs, hiring as such will be lower than in previous quarters.
For more survey results, visit the ManpowerGroup Employment Outlook Survey online.
With seasonal variations removed from the data, the net employment outlook is 25 per cent, an increase of six percentage points from the previous quarterly outlook, Manpower said.
The impact of a softer outlook in the Mining & Construction sector can be seen in Queensland where hiring expectations are down three percentage points year-on-year as the state deals with an end to the frenetic pace of apartment building in Brisbane over recent years. The strongest labour market is anticipated by Large employers with a Net Employment Outlook of +18%.
When forecasts are compared with those reported in the first-quarter, hiring intentions improve in 17 countries and territories, decline in 17 and are unchanged in nine. When compared with 1Q 2018, hiring prospects are five percentage points stronger in Gauteng, and improve by two percentage points in KwaZulu-Natal.
Among businesses in 44 countries surveyed, business in all but one country expect to add staff over the next three months, with the greatest optimism for new hiring found in in Croatia, followed closely by Taiwan in the number two spot. Elsewhere, medium employers report steady hiring prospects with an outlook of +11%, while outlooks stand at +5% and +3% for small- and micro-size employers, respectively. None of the 4,612 employers surveyed across sectors by US-based workforce solutions company ManpowerGroup said they planned to downsize in April-June 2018. Employers in the South and the West report relatively stable hiring intentions when compared with the second quarter of 2017.
The overall net outlook score of 10 per cent is 1 per cent lower than the last quarter and down 4 per cent from the same period (April-June) of 2017.