The Net Employment Outlook for first quarter
of 2025 remains unchanged from Q4 2024, but down from the previous
year, consistent with cooling labor markets
- Regional hiring intentions remain stable with the Americas
(29%) reporting the strongest Outlook, followed by Asia Pacific (27%), and Europe, Middle
East, and Africa
(19%).
- The IT sector maintains its position as the strongest hiring
sector at 37%, followed by Financials & Real Estate at 33%, and
Healthcare & Life Sciences at 27%.
- Larger organizations continue to drive hiring, with companies
of 250-999 employees reporting the highest Outlook at 31%.
MILWAUKEE, Dec. 10,
2024 /PRNewswire/ -- Global hiring intentions have
stabilized heading into the first quarter of 2025, with employers
reporting a Net Employment Outlook (NEO) of 25%, according to the
latest ManpowerGroup Employment Outlook Survey. The Survey, which
gathered data from over 40,000 employers across 42 countries
between October 1-31, 2024, shows the
Outlook remaining unchanged from the previous quarter while showing
a modest decrease of one percentage point year-over-year.
"As we move into 2025, we're seeing stable year-over-year hiring
trends with employers holding onto the talent they have and
planning muted hiring for the quarter ahead" said Jonas Prising, ManpowerGroup Chair & CEO.
"The fluctuations we have seen in recent quarters are beginning to
stabilize - indicating employers have adapted to ongoing economic
uncertainty and are maintaining steady workforce planning. The
sustained strength in the IT sector and consistent hiring
intentions among larger organizations point to stability too – and
we hope to see this trend continue into 2025. Employers know a
skilled and adaptable workforce is key to navigating
transformation, and many are prioritizing hiring and retaining
people with in-demand, flexible skills that can flex to where
demand sits."
Used internationally as a bellwether of labor market trends, the
NEO is calculated by subtracting the percentage of employers who
anticipate reductions in staffing levels from those who plan to
hire.
Q4 KEY FINDINGS
- Global hiring Outlooks remain unchanged at 25%
quarter-over-quarter, with a slight decline of -1%
year-over-year.
- The strongest hiring plans are reported in India (40%), U.S. (34%), and Mexico (32%), while the weakest Outlooks are
in Argentina (-1%), Hong Kong (6%), and Israel (8%).
- Employers in the IT (37%), Financials & Real Estate (33%),
and Healthcare & Life Sciences (27%) sectors report the
strongest hiring intentions.
- Organizations of 250-999 employees continue to lead hiring
intentions with an Outlook of 31%, followed at 29% by those with
1,000 - 4,999 employees.
GLOBAL HIRING PLANS BY REGION
The Americas: Employers across North, Central, and
South America reported the
strongest regional Outlook for Q1 (29%), with hiring intentions
improving 1 percentage point sequentially but declining -3
percentage points from the same period last year.
- Employers in the U.S. (34%) and Mexico (32%) show the strongest hiring
prospects, while Argentina reports
the region's only negative Outlook (-1%), reflecting continued
economic challenges.
- The U.S. IT sector leads global industry forecasts at 53%.
Asia Pacific (APAC):
Hiring managers across the region anticipate the second strongest
regional Outlook (27%), remaining unchanged from the previous
quarter, but decreased by 3 percentage points when compared to the
same time last year.
- India maintains its position
as the global hiring leader at 40%.
- Singapore leads the Transport,
Logistics & Automotive sector globally with a 67% Outlook,
highlighting the region's continued strength in supply chain and
logistics.
Europe, Middle East, and Africa (EMEA): Hiring expectations remain
the lowest in EMEA (19%) and have weakened by 2 percentage points
since Q4 2024 and by 1 percentage point year-over-year.
- Belgium reports the strongest
Outlook for Financials & Real Estate in EMEA (53%) and leads in
Energy & Utilities (44%), while the
Netherlands shows robust hiring plans in Consumer Goods
& Services (47%).
- The most competitive sector in Spain is Information Technology, with a NEO of
27: a 6-point increase from last quarter, reflecting investments in
the sector and technical education.
To view the complete results for the Q1 2025 ManpowerGroup
Employment Outlook Survey, including regional and country data,
visit: go.manpowergroup.com/meos. The next survey will be
released in March 2025 and will
report hiring expectations for the second quarter of the year.
ABOUT THE SURVEY
The ManpowerGroup Employment Outlook
Survey is the most comprehensive, forward-looking employment
survey of its kind, used globally as a key labor market indicator.
The Net Employment Outlook (NEO) is derived by taking the
percentage of employers anticipating an increase in hiring
activity and subtracting from this the percentage of employers
expecting a decrease in hiring activity.
SURVEY METHODOLOGY
The methodology used to collect the
data for the Employment Outlook has been digitized in 42 markets
for the Q1 2025 report. Survey responses were collected from
October 1-31, 2024. The question
asked and the respondent profile remains unchanged. Size of
organization and sector are standardized across all countries and
territories to allow international comparisons.
*Note: Chile joined the program in Q2 2024. There
is currently no historical data, and the data has not been
seasonally adjusted.
ABOUT MANPOWERGROUP
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 hundreds
of thousands of organizations every year, providing them with
skilled talent while finding meaningful, sustainable employment for
millions of people across a wide range of industries and skills.
Our expert family of brands – Manpower, Experis, and Talent
Solutions – creates substantially more value for candidates and
clients across more than 70 countries and territories and has done
so for more than 75 years. We are recognized consistently for our
diversity – as a best place to work for Women, Inclusion, Equality,
and Disability, and in 2024 ManpowerGroup was named one of the
World's Most Ethical Companies for the 15th time – all confirming
our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us
on LinkedIn, Facebook, Instagram, and Bluesky.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, including
statements regarding labor demand in certain regions, countries and
industries, economic uncertainty and workforce trends, including,
trends related to gender equality and advancing pay equities.
Actual events or results may differ materially from those contained
in the forward-looking statements, due to risks, uncertainties and
assumptions. These factors include those found in the Company's
reports filed with the U.S. Securities and Exchange Commission
(SEC), including the information under the heading "Risk Factors"
in its Annual Report on Form 10-K for the year ended December 31, 2023, whose information is
incorporated herein by reference. ManpowerGroup disclaims any
obligation to update any forward-looking or other statements in
this release, except as required by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/global-hiring-plans-for-q1-2025-hold-steady-as-employers-maintain-measured-outlook-302327395.html
SOURCE ManpowerGroup