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Manpower Employment Outlook Survey for Q1 2018

Company: ManpowerGroup

Czech employers report cautiously optimistic hiring plans for 1Q 2018.

ManpowerGroup Czech Republic releases today results of the ManpowerGroup Employment Outlook Survey for the first quarter of 2018.

Czech job seekers can expect some hiring opportunities in the forthcoming quarter, according to employers who report a seasonally adjusted Net Employment Outlook of +5%. Hiring plans improve by 3 percentage points when compared with the previous quarter, and are 2 percentage points stronger in a comparison with 1Q 2017.

Staffing levels are forecast to grow by varying degrees in only five of 10 industry sectors and two of three regions during 3Q 2017. However, Outlooks weaken in nine sectors and two regions when compared with the previous quarter, while employers report decreases in seven sectors and all three regions when compared with 3Q 2016.

“The first quarter is often the worst period in terms of employment, and it is not uncommon to see workforce reductions in many sectors. On the other hand, the Net employment outlook +5 is the best prediction for Q1 in the history of the survey since 2008 and that can be sign of continuing optimism of Czech labor market with the lowest unemployment in Europe. This is very good news for people looking for a job, but companies increasingly complain that they cannot find enough suitable candidates. In-demand profiles are emphasizing not only specialized skills in IT, engineering or skill trades, but companies also report a lack of candidates for non-qualified jobs in manufacturing and logistics. According to the ManpowerGroup Employment Outlook Survey for the first quarter of 2018, 42 % of large companies plan to increase the number of vacancies. Especially we are seeing the most inquiries from our clients in automotive sector, logistics and call centers,” said Jaroslava Rezlerová, Managing Director of ManpowerGroup Czech Republic.

Industry sector comparisons

Payrolls are forecast to grow in nine of 10 industry sectors and all three regions during the next three months. Outlooks improve in seven sectors and one region quarter over quarter, and are stronger in six sectors and two regions when compared with this time one year ago. Electricity, Gas & Water Supply sector employers report the strongest of the 10 industry sector Outlooks for 1Q 2018. Standing at +17%, the Outlook matches the strongest reported since the survey 10 years ago, last reported in 3Q 2016. Hiring prospects improve by 13 and 8 percentage points from 4Q 2017 and 1Q 2017, respectively. The weakest sector Outlook of 0% is reported in the Mining & Quarrying sector, although hiring intentions are 3 percentage points stronger when compared with the previous quarter, and improve by 2 percentage points when compared with the first quarter of 2017.

Regional comparisons

Bohemia employers report the strongest of the three regional Outlooks (+7%). Hiring plans are the strongest in the region for more than nine years, improving by 9 percentage points quarter-over-quarter. When compared with 1Q 2017, the Outlook for the region remains relatively stable. Moravia employers report the weakest regional Outlook of +1%, remaining relatively stable when compared with the previous quarter, but declining by 2 percentage points year-over-year.

Organization Size Comparisons

Staffing levels are expected to increase in all four organization size categories during 1Q 2018. Large employers report brisk hiring intentions with an Outlook of +36%, while the most cautious hiring plans are reported by Micro employers (+3%).

Global overview

According to the survey, workforce gains of varying margins are forecast by employers in 41 of 43 countries and territories during the January-March time frame. And for the second consecutive quarter since the global financial crisis in 2009, employers report no negative Outlooks among the 43 countries and territories. Additionally, employers in a number of countries, including Australia, Japan, Norway, Poland, Romania and the United States, report their strongest hiring plans in five years or more. There are also signs that the volatility recently observed in some countries—most notably in Brazil, China and India—is declining. Overall, forecasts improve or remain stable in most countries and territories. When compared with the final quarter of 2017, hiring prospects improve in 20 of 43 countries and territories, are unchanged in eight, and decline in 15. When compared with this time one year ago, hiring intentions improve in 26 of the 43 countries and territories, are unchanged in six, and weaken in only 11.

The next ManpowerGroup Employment Outlook Survey featuring the forecast for the 2Q 2018 period will be published on 13 March 2018.

For additional information, please contact: Jiří Halbrštát, email: jiri.halbrstat@manpower.cz

Tags: Business Development | Human Resources |

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