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.
Whether you are decreasing or increasing your workforce or shifting your work models, we can help. Our research, market intelligence and workforce trends analysis can inform your talent strategy for today and tomorrow.
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, Talent Solutions, and Jefferson Wells – creates substantially more value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. See how ManpowerGroup is powering the future of work, visit www.manpowergroup.us
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