Global Hiring Intentions Remain Muted Year-over-Year, Hold Steady Quarter-over-Quarter
The ManpowerGroup Employment Outlook Survey for Q4 2024 reveals a global Net Employment Outlook (NEO) of 25%, up 3% from Q3 but down 5% year-over-year. North America leads with a 32% Outlook, followed by Asia Pacific (27%), South and Central Americas (23%), and EMEA (21%). The IT sector shows the strongest hiring intentions at 35%, with Financials & Real Estate at 32%. Larger organizations (250-999 employees) report the highest Outlook at 32%. India (37%), Costa Rica (36%), and the United States (34%) have the strongest hiring plans globally. While quarter-over-quarter improvement shows cautious optimism, the year-over-year decline suggests ongoing economic uncertainties affecting hiring plans.
Il Rapporto sulle prospettive occupazionali di ManpowerGroup per il quarto trimestre 2024 rivela un Outlook occupazionale netto globale (NEO) del 25%, in aumento del 3% rispetto al terzo trimestre, ma in calo del 5% rispetto all'anno precedente. Il Nord America guida con un Outlook del 32%, seguito dall'Asia Pacifico (27%), dall'America del Sud e Centrale (23%) e dall'EMEA (21%). Il settore IT mostra le più forti intenzioni di assunzione al 35%, mentre i settori Finanziario e Immobiliare si attestano al 32%. Le organizzazioni più grandi (250-999 dipendenti) riportano l'outlook più alto al 32%. India (37%), Costa Rica (36%) e Stati Uniti (34%) hanno i piani di assunzione più robusti a livello globale. Sebbene il miglioramento trimestre su trimestre mostri un ottimismo cauto, il calo anno su anno suggerisce incertezze economiche in corso che influenzano i piani di assunzione.
La Encuesta sobre las perspectivas de empleo de ManpowerGroup para el cuarto trimestre de 2024 revela un Outlook de Empleo Neto global (NEO) del 25%, un incremento del 3% respecto al tercer trimestre, pero una disminución del 5% interanual. América del Norte lidera con un Outlook del 32%, seguida por Asia-Pacífico (27%), América del Sur y Central (23%) y EMEA (21%). El sector de TI muestra las intenciones de contratación más fuertes con un 35%, mientras que Finanzas e Inmobiliaria se sitúan en un 32%. Las organizaciones más grandes (250-999 empleados) reportan el Outlook más alto, del 32%. India (37%), Costa Rica (36%) y Estados Unidos (34%) tienen los planes de contratación más sólidos a nivel mundial. Aunque la mejora trimestre a trimestre muestra un optimismo cauteloso, la disminución interanual sugiere incertidumbres económicas continuas que afectan los planes de contratación.
2024년 4분기 맨파워그룹 고용 전망 조사에 따르면, 전 세계 순 고용 전망 (NEO)이 25%로 나타났으며, 이는 3분기 대비 3% 증가했으나 전년 대비 5% 감소한 수치입니다. 북미 지역이 32%의 전망으로 선두를 차지하고 있으며, 그 뒤를 아시아 태평양(27%), 남미 및 중앙 아메리카(23%), EMEA(21%)가 따릅니다. IT 부문이 35%로 가장 강력한 채용 의지를 보이고 있으며, 금융 및 부동산 부문은 32%로 집계되었습니다. 대규모 조직(250-999명 직원)은 32%의 가장 높은 전망을 보고하고 있습니다. 인도(37%), 코스타리카(36%), 미국(34%)가 전 세계적으로 가장 강력한 채용 계획을 가지고 있습니다. 분기별 개선은 조심스러운 낙관론을 나타내지만, 전년 대비 감소는 채용 계획에 영향을 미치는 지속적인 경제적 불확실성을 시사합니다.
Le Rapport sur les perspectives d'emploi de ManpowerGroup pour le quatrième trimestre 2024 révèle un perspective d'emploi nette mondiale (NEO) de 25%, en hausse de 3% par rapport au troisième trimestre, mais en baisse de 5% par rapport à l'année précédente. L'Amérique du Nord est en tête avec un Outlook de 32%, suivie par l'Asie-Pacifique (27%), l'Amérique du Sud et centrale (23%) et l'EMEA (21%). Le secteur des TI montre les intentions d'embauche les plus fortes à 35%, suivi par le secteur financier et immobilier à 32%. Les grandes organisations (250 à 999 employés) signalent la perspective la plus élevée à 32%. L'Inde (37%), le Costa Rica (36%) et les États-Unis (34%) ont les plans d'embauche les plus solides à l'échelle mondiale. Bien que l'amélioration d'un trimestre à l'autre montre un optimisme prudent, la diminution d'une année sur l'autre suggère des incertitudes économiques persistantes qui affectent les plans d'embauche.
Die ManpowerGroup Beschäftigungsausblickumfrage für das vierte Quartal 2024 zeigt einen globalen Nettobeschäftigungsausblick (NEO) von 25%, was einen Anstieg von 3% gegenüber dem dritten Quartal, aber einen Rückgang von 5% im Jahresvergleich bedeutet. Nordamerika führt mit einem Ausblick von 32%, gefolgt von Asien-Pazifik (27%), Süd- und Mittelamerika (23%) und EMEA (21%). Der IT-Sektor weist mit 35% die stärksten Einstellungsabsichten auf, während Finanz- und Immobiliensektor bei 32% liegt. Größere Organisationen (250-999 Mitarbeiter) berichten von dem höchsten Ausblick mit 32%. Indien (37%), Costa Rica (36%) und die Vereinigten Staaten (34%) haben weltweit die stärksten Einstellungspläne. Während die Verbesserung im Vergleich zum Vorquartal vorsichtigen Optimismus zeigt, deutet der Rückgang im Jahresvergleich auf anhaltende wirtschaftliche Unsicherheiten hin, die die Einstellungspläne beeinflussen.
- Global NEO increased by 3% from the previous quarter to 25%
- IT sector reports strongest hiring intentions at 35%
- Larger organizations (250-999 employees) show highest Outlook at 32%
- 31 countries report stronger hiring Outlooks compared to Q3 2024
- North American employers remain most optimistic with a 32% Outlook
- U.S. employers report one of the strongest global Outlooks for the IT sector
- Global NEO decreased by 5% compared to Q4 2023
- Economic uncertainties continue to impact hiring plans
- Hiring Outlooks in Central & South America declined 8% year-over-year
- EMEA region reports the lowest hiring Outlook among all regions at 21%
- Companies with less than ten employees report the weakest Outlook at 13%
Insights
The Q4 2024 global hiring outlook shows a mixed picture. While the Net Employment Outlook (NEO) of
The Q4 2024 hiring intentions reflect a gradual economic stabilization but with lingering uncertainties. The global NEO of
The Q4 2024 hiring outlook underscores the need for adaptive HR strategies. With a global NEO of
The Net Employment Outlook for Q4 2024 is
- Employers in
North America (32% ) reported the strongest hiring intentions, followed byAsia Pacific (27% ), South andCentral Americas (23% ), andEurope ,Middle East , andAfrica (21% ). - Across sectors, the IT industry continues to report the strongest hiring intentions at
35% , followed by Financials & Real Estate at32% . - Larger organizations continue to report stronger hiring intentions, with companies of 250-999 employees reporting the highest Outlook at
32% .
"The global labor market is holding steady as we move into the fourth quarter, with relatively low unemployment and layoff activity in many countries," said Jonas Prising, ManpowerGroup Chairman & CEO. "While the gradual quarter-over-quarter improvement shows employers are cautiously optimistic about hiring, the drop from a year ago suggests employers remain prudent in the midst of uncertainty. The continued strong Outlook in the IT sector is driving demand for tech talent, especially with AI top of mind for businesses across every industry. Now is the time to prioritize retaining and attracting workers with specialized, flexible skills, and an adaptable mindset to adjust to the evolving requirements."
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 have strengthened from Q3 to Q4 2024, increasing from
22% to25% , but are down -5% year-over-year. - The strongest hiring plans are reported in
India (37% ),Costa Rica (36% ), andthe United States (34% ), while the weakest Outlooks are inArgentina (4% ) andIsrael (8% ). - Employers in the IT (
35% ) and Financials & Real Estate (32% ), sectors report the strongest hiring intentions. - Larger organizations continue to show stronger hiring intentions, with companies of 250-999 employees reporting the highest Outlook at
32% . Companies with less than ten employees report the weakest at13% . - Employers in 31 countries report stronger hiring Outlooks compared to Q3 2024, with Outlooks weakening in 11 countries and remaining unchanged in four.
GLOBAL HIRING PLANS BY REGION
- Employers in
the United States (34% ) reported the strongest hiring intentions in the region, increasing4% quarter-over-quarter. U.S. employers continue to report one of the strongest global Outlooks for the IT sector.
- Employers in
India (37% ),Singapore (29% ), andChina (27% ) continue to report the strongest Outlooks in the region, while the most cautious Outlook was reported by employers inHong Kong (8% ). Singapore reported the strongest global Outlook for the Financials & Real Estate sector at64% .
Central & South America: At
- Strongest intentions are reported by employers in
Costa Rica (36% ),Brazil (32% ), andGuatemala (30% ). - Employers in
Guatemala report the strongest hiring Outlook globally for the Consumer Goods & Services sector (56% ), whileCosta Rica reports the strongest intentions in both the IT (53% ) and Industrials & Materials (43% ) sectors.
- Employers in
South Africa andSwitzerland (both32% ),Ireland andthe Netherlands (both30% ) report the strongest hiring plans, while those inIsrael (8% ) and theCzech Republic (11% ) anticipate the weakest hiring activity. - Both the
United Kingdom (28% ) andFrance (22% ) report Outlooks surpassing the EMEA average. Belgium reports the strongest global Outlook for the Healthcare & Life Sciences sector (62% ), whileSouth Africa leads in Energy & Utilities (55% ).
To view the complete results for the fourth quarter 2024 ManpowerGroup Employment Outlook Survey, including regional and country data, visit: https://go.manpowergroup.com/meos. The next survey will be released in December and will report hiring expectations for the first quarter of 2025.
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 NEO data has been digitized. Survey responses were collected from July 1-31, 2024, and 40,340 employers across 42* countries were asked about their fourth quarter hiring intentions. Both the questions asked, and the respondent profile remain unchanged. The size of the organization and sector are standardized across all countries and territories to allow international comparisons. All NEOs referenced have been seasonally adjusted for easier interpretation, comparison, and consistency.
*Note:
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, X, Facebook, and Instagram.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, including statements regarding labor demand in certain regions, countries and industries, as well as economic uncertainty. 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.
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SOURCE ManpowerGroup
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