Saturday, 23 March, 2019

Hiring to decline in second quarter: Manpower

By	rdnewsNOW staff By rdnewsNOW staff
Priscilla Morrison | 14 March, 2019, 23:09

Then you might be in luck because Burnaby-Coquitlam-area employers expect a solid hiring climate for the second quarter of 2019, according to the latest ManpowerGroup Employment Outlook Survey.

When broken down into seven industry sectors, all seven expect to add payrolls in the next three months, despite the overall modest hiring outlook. Employers in the leisure and hospitality sector reported the strongest hiring intentions for the first quarter, with 35% planning to increase hiring and a seasonally adjusted net employment outlook of 25%. Elsewhere, Kwazulu Natal employers anticipate some workforce gains with an Outlook of +5%, but Eastern Cape employers report uncertain hiring plans with an Outlook of -1%.

The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting to see a decrease in employment at their location in the next quarter.

Shea said South Florida's employment environment outpaces some other major cities, pointing to Boston and NY where only 8 percent expect to increase hiring, according to the survey. "The remaining seven per cent are unsure of their hiring intentions". Employers in Professional & Business Services have a +23% employment Outlook fueled by growing demand for knowledge workers with the right balance of human strengths including communication and collaboration and technical capabilities from coding to data analytics.

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Some industries are seeing a marked improvement over previous quarters. Outlooks stand at +8% in both the transportation & utilities sector and the wholesale & retail trade sector, whilst the weakest outlook of +7% is reported by finance, insurance & real estate sector employers.

Participating employers are categorised into one of four organisation sizes: Micro businesses have less than 10 employees; Small businesses have 10-49 employees; Medium businesses have 50-249 employees; and Large businesses have 250 or more employees. Meanwhile, Micro- and Medium-size employers report cautious hiring plans with Outlooks of +1%.

"It is also a four percentage point decrease from the Outlook reported during the same time past year, indicating a modest hiring pace for the upcoming months", she added.

Employers in 15 of 44 countries and territories surveyed report stronger hiring plans when compared with the prior quarter, while weaker hiring intentions are reported in 18 and no change is expected in 11.

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