Our quarterly employment outlook survey is out and despite the talent shortage and the stop-and-start behavior of the U.S. economy during the pandemic, we’re pleased to report that major companies are forging ahead with their hiring plans. A full 59% of respondents to the latest ManpowerGroup Employment Outlook Survey reported the intention to hire new employees in the fourth quarter. And this data is seasonally adjusted, so holiday hiring surges aren’t a factor in these numbers.
Our quarterly Employment Outlook Survey measures employers’ intentions to increase or decrease the number of employees in their payrolls in the October-December time period. It’s the most comprehensive, forward-looking employment survey of its kind, used globally as a key economic indicator. And here’s another encouraging statistic: once the data is adjusted to allow for seasonal variation, the Net Employment Outlook for the coming quarter stands at +48%.
Regarding the talent shortage, managers are getting creative by offering a slew of incentives. Training is the most common offering, and in North America, diversity and inclusion training leads the way, with 67% of respondents offering it.
And no region is left behind. Hiring prospects improve in all four U.S. regions when compared with the third quarter of 2021. In the Construction, Durable Goods Manufacturing, Nondurable Goods Manufacturing and Wholesale & Retail Trade industry sectors, the hiring pace is the strongest since these sectors were first analyzed 40 years ago.
The United States was one of the countries with the strongest hiring intentions for the 4th quarter, along with India, Canada, the Netherlands, Mexico and France.
The survey offered a glimpse at managers’ attitudes as well. Despite the ongoing health situation, 41% of North American managers reported feeling positive, energized or resilient about the business going forward.
Access the latest employment outlook research to help you make the smartest decisions for your organization.
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