ManpowerGroup: Moderate hiring pace of Polish employers

ManpowerGroup today announced the results of its quarterly Employment Outlook survey for the second quarter 2019 that identifies conservative hiring intensions of Polish employers. While 14% of employers anticipate an increase in payrolls, 3% forecast a decrease and 80% expect no change, resulting in a Net Employment Outlook of +11%. Once the data is adjusted to allow for seasonal variation, the Outlook stands at +9%. Hiring intentions declined in comparison with both the previous quarter and this time one year ago.

 

Employers expect to increase payrolls in all six regions during the forthcoming quarter. The strongest labor markets are anticipated in the South-West with Net Employment Outlook of +12%. Elsewhere, employers also forecast steady job gains in the East, South and Central region with Outlooks of +10%. North-West employers report an Outlook of +7%, while the weakest regional forecast of +4% is reported in the North.

 

Hiring prospects are weaker in all six regions when compared with the previous quarter. South employers report a moderate decrease of 6 percentage points, while Outlooks are 5 percentage points weaker in the North. When compared with this time one year ago, hiring prospects also weaker in all six regions. North employers report a considerable decrease of 9 percentage points, while Outlooks are 5 percentage points weaker in the North-West.

 

Employers forecast payroll gains in 9 of 10 industry sectors during the next three months. Manufacturing sector employers report the strongest hiring prospects with a Net Employment Outlook of +22%, while the Outlook for the Transport, Storage & Communications sector stands at +14%. Elsewhere, job seekers can expect steady hiring activity in the Wholesale & Retail Trade sector and the Construction sector, where Outlooks stand at +12% and +11%, respectively. Mining & Quarrying and Public & Social sector employers forecast a conservative hiring pace, reporting Outlooks of +8%, while Outlooks of +6% is reported for Electricity, Gas &Water Supply sector. Meanwhile, the weakest hiring plans are reported by Finance & Business Services sector employers with an Outlook of +0%.

 

Hiring intentions decline in seven of the 10 industry sectors when compared with the previous quarter. The most notable decreases of 8 percentage points are reported in the Finance & Business Services sector. Elsewhere, Outlooks are 6 percentage points weaker in two sectors, the Transport, Storage & Communications sector and the Agriculture, Hunting, Forestry & Fishing sector. However, hiring prospects improve in three sectors, with increases of 3 percentage points for the Electricity, Gas & Water Supply sector and 1 percentage points for the Manufacturing sector and Wholesale & Retail Trade sector.

 

When compared with this time one year ago, employers in seven of the 10 industry sectors report declined hiring prospects. Restaurants & Hotel sector employers report the most noteworthy decrease of 15 percentage points, while the Outlook is 10 percentage points weaker in the Finance & Business Services sector. However, the Outlook improves in two sectors, including the Wholesale & Retail Trade sector and the Public & Social, with slight increases of 4 and 1 percentage points, respectively.

 

Job gains are forecast in all four organization size categories during the second quarter of 2019. Large employers anticipate a solid hiring pace with a Net Employment Outlook of +25%. Elsewhere, Medium employers report an Outlook of +12%, while the Outlook stands at +0% and +3% for Micro- and Small-size employers, respectively.

 

The ManpowerGroup report is available free of charge to the public and can be downloaded from here. Results for all 44 countries can be viewed in the new interactive Manpower Employment Outlook Survey Explorer tool at http://manpowergroup.com/meos.