Which sectors will be massively hiring in 2023?
The ManpowerGroup Barometer estimates the employment forecast for the first quarter of 2023
(Boursier.com) — According to the latest ManpowerGroup Barometer, the employment outlook for the first quarter of 2023 is far from depressed despite the slowdown in economic activity: Net Employment Forecast in France thus, for the period of January-March 2023, it is shown at the level of +27%… Although this figure is stable compared to the same period of 2022, it decreases by 7 points compared to the previous quarter. Companies in the transport, logistics and automotive sectors have the highest forecasts..
On the other hand, communication services are part of a less favorable dynamic than other sectors. At the same time, French employers are putting cyber security at the top of their technological priorities, whether it’s recruiting or training new talent.
Among the key lessons from this publication: Hiring intentions fell in 7 of the 9 sectors studied compared to the fourth quarter of 2022. However, all sectors show a mostly positive “Net Employment Outlook”…
Hiring intentions remain stable compared to the same period in 2022. The services and consumer goods sector is the sector showing the strongest growth (+13 points in one year). On the other hand, hiring intentions in the communications services sector fell sharply, down 15 points from the first quarter of 2022.
DISTRICT BY DISTRICT
Hiring intentions are still most positive in the Paris region, with +34% Net Employment Forecast. The North has the most limited Net Employment Outlook: +13%, down -12 points in a quarter.
Companies with more than 250 employees show the most positive Net Employment Outlook : +31%, down -2 points in a year. The Net Employment Forecast for companies with fewer than 10 employees decreased by -13 points to +9% over the year.
For this publication, ManpowerGroup conducted an additional survey on how companies prepare for the challenges and opportunities associated with technological developments. 17% of French employers intend to hire cybersecurity experts to anticipate these challenges, and 38% consider this topic a priority in terms of training their existing teams.
“This barometer shows that hiring intentions are stabilizing in a context where the French economy should continue to grow, but at a slower pace,” commented Alain Roumilhac, President of ManpowerGroup France. Our GDP grew by 2.6% in 2022 and the ManpowerGroup Employment Outlook. Barometer — Q1 2023 2/4 is expected to grow around 1% in 2023. Companies are following this trend with positive but cautious hiring forecasts.”
A still positive Net Employment Outlook is stable over the year… Employers surveyed by ManpowerGroup in France still point to a high Net Employment Outlook, +27%. This figure remains stable compared to the first quarter of 2022, but decreased by -7 points in one quarter. All regions show mostly positive hiring intentions…
# Paris Region Shows +34% Net Employment Forecast. Compared to the previous quarter, it remained stable and increased by 2 points in a year.
# The Northern region has the lowest Net Employment Outlook, at 13%. It is also the region showing the strongest decline: -12 points in one quarter, -15 points in one year.
# The Net Employment Forecast in the Central-Est region is +25%, 3 points more than the same period of 2022.
NOTE RECRUITMENT INTENTIONS IN SPECIFIC SECTORS…
Hiring intentions are positive in each of the 9 activity sectors studied. Compared to the first quarter of 2022, only two sectors are growing: the services and consumer goods sector (+13 points) and the transport, logistics and automotive sector (+9 points).
# At +41%, the transportation, logistics and automotive sector has the highest Net Employment Outlook. This number increased by 2 points in one quarter.
# The communications services sector is the sector with the largest quarter-on-quarter decline in hiring intentions: Net Employment Forecast reached +8%, down -40 points quarter-on-quarter.
# The financial and real estate sector, in turn, posted a higher Net Employment Forecast of +37%. However, this number decreased by -7 points in one quarter, and by -5 points in one year. Companies regardless of size show a positive Net Employment Outlook.
# All four categories of companies surveyed show positive net employment projections. Compared to the first quarter of 2022, only companies with 10 to 49 employees show an increase (+9 points).
# Companies with more than 250 employees are the companies looking to hire the most with a +31% Net Employment Forecast. This number decreased by -2 points in one quarter.
# Companies with fewer than 10 employees are the companies with the most limited Net Employment Outlook: +9%, down -10 points compared to the previous quarter. Within a year, their employment forecasts dropped by -13 points.
TECHNOLOGY DEVELOPMENTS: A NEEDED SPRING UPGRADE!
Among the main findings of this survey:
# To understand issues related to current and future technological developments, 48% of employers intend to upgrade the skills of their existing teams. 43% believe these changes will force them to hire new talent. Finally, 35% plan to use freelancers or subcontractors.
# Recruiting in technology fields will be primarily about cyber security: 17% of employers put this topic at the top of their priorities.
# Cybersecurity also appears to be a priority in employers’ training projects: 38% put it at the top of their needs. Among other technology trainings considered important, respondents mentioned technical support (27%) and database management (25%).
Panama, Costa Rica, and Canada lead hiring forecasts. Of the 41 countries surveyed, all but Poland and Hungary report positive Net Employment Projections. Compared to the previous quarter, hiring intentions increased in 39 of the 41 countries surveyed.
– Panama leads the ranking with a +39% Net Employment Forecast for January-March 2023. This corresponds to an increase of 4 points in a year…
– In second place, we find Costa Rica with a +35% Net Employment Forecast, an increase of 3 points in one year. Canada is third in the ranking. Its Net Employment Forecast reached +34%, a 3-point quarter-on-quarter increase.
– In the EMEA (Europe, Middle East and Africa) region, Austria and Turkey jointly lead with +29% Net Employment Forecast. Hungary is the country with the least dynamic outlook in the region (and the world) with -8%.