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ManpowerGroup

Employment
Outlook Survey
India

Q2
2018
The ManpowerGroup India Employment Outlook
Employment Outlook Net Employment Seasonally
Increase Decrease No Change Don’t Know
Survey for the second quarter % % % %
Outlook
%
Adjusted
%

2018 was conducted by Apr-Jun 2018


Jan-Mar 2018
16
24
0
3
53
57
21
16
16
21
16
21

interviewing a representative Oct-Dec 2017


Jul-Sep 2017
24
16
4
1
56
61
16
22
20
15
19
14

sample of 4,612 employers Apr-Jun 2017 16 1 68 12 18 18

in India. All survey 60


Net Employment Outlook Seasonally Adjusted Outlook

participants were asked, 50

“How do you anticipate total 40


30

employment at your location 20

to change in the three 10


0

months to the end of June -10

2018 as compared to the -20


2006 2007 2008 2009 2010
No bar indicates Net Employment Outlook of zero
2011 2012 2013 2014 2015 2016 2017 2018

current quarter?” Indian employers report respectable hiring intentions Once the data is adjusted to allow for seasonal
for the coming quarter. While 16% of employers expect variation, the Outlook also stands at +16%. Hiring plans
to increase staffing levels, 0% forecast a decrease and decline by 5 percentage points when compared with
Employment

63% anticipate no change, resulting in a Net the previous quarter, and are 2 percentage points
Employment Outlook of +16%. weaker in comparison with the second quarter of 2017.
Outlook

Contents

Country Employment Outlook 1


Organization-Size Comparisons
Regional Comparisons
Sector Comparisons
India

Contents

Global Employment Outlook 11


International Comparisons - Asia Pacific
International Comparisons - Americas Throughout this report, we use the term “Net Employment Outlook.” This figure is derived by taking the
International Comparisons - EMEA percentage of employers anticipating total employment to increase and subtracting from this the percentage
expecting to see a decrease in employment at their location in the next quarter. The result of this calculation is
the Net Employment Outlook.
About the Survey 28
From this point forward, all data discussed in the commentary is seasonally adjusted, unless stated otherwise.
About ManpowerGroup 29

ManpowerGroup Employment Outlook Survey 1


Organization-Size Comparisons Regional Comparisons
Participating employers are categorized into one of When compared with the previous quarter, Outlooks for Employers in all four regions expect to increase payrolls percentage points weaker in the South and the West,
three organization sizes: Small businesses have 10-49 all three organization size categories decline by 6 during the next three months. The strongest hiring respectively. However, employers in the East report an
employees; Medium businesses have 50-249 percentage points. prospects are reported in two regions with Net improvement of 8 percentage points.
employees; and Large businesses have 250 or more Employment Outlooks of +17% – the North and the
employees. South. Elsewhere, employers forecast a steady In the South, employers report a considerable decline
In comparison with 2Q 2017, hiring prospects are 3
increase in staffing levels with Outlooks of +16% and of 10 percentage points when compared with this time
percentage points weaker for Small- and Medium-size
Employers in all three organization size categories +14% for the East and the West, respectively. one year ago. Meanwhile, the Outlook for the East
employers, while the Outlook for Large employers
expect to increase staffing levels during 2Q 2018. declines by 2 percentage points. improves by 5 percentage points, while hiring
Small employers report the strongest hiring prospects Hiring prospects weaken in three of the four regions prospects are unchanged in the West and remain
with a Net Employment Outlook of +17%, while when compared with the previous quarter. relatively stable in the North.
Outlooks stand at +16% and +13% for Large- and * No data available for Micro and Small businesses for the A considerable decline of 14 percentage points is
Medium-size firms, respectively. current quarter reported in the North, while Outlooks are 5 and 3

Net Employment Seasonally Net Employment Outlook Seasonally Adjusted Outlook


Organisation-Size Increase Decrease No Change Don’t Know
Outlook Adjusted
% % % % % % 16
North 17
16
Small-Size 10-49 19 0 69 12 19 17 East 16
Medium-Size 50-249 13 0 67 20 13 13
18
Large-Size 250 or more 16 0 60 24 16 16 South 17
14
West
14

Small-Size 10-49 Medium-Size


e 50-249 Large-Size 250 or more
e 0 5 10 15 20 25 30 35 40 45 50 55 60
70

60

50

40

30

20

10

-10

-20
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Graph displays Seasonally Adjusted Data

2 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 3


+17% North +17% South
With a Net Employment Outlook of +17%, employers anticipate a steady hiring pace in the With a Net Employment Outlook for 2Q 2018 of +17%, employers match the weakest forecast for
second quarter of 2018. However, hiring prospects decline considerably when compared with the region since the survey started 13 years ago, last reported in 4Q 2012. Hiring intentions decline
the previous quarter, decreasing by 14 percentage points. Year-over-year, hiring plans remain by 5 percentage points when compared with the previous quarter, and are 10 percentage points
relatively stable.
weaker in comparison with 2Q 2017.

Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
90 90
80 80
70 70
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero No bar indicates Net Employment Outlook of zero

+16% East +14% West


Job seekers can expect a favorable hiring climate in the April-June period, according to employers Respectable payroll gains are expected in the next three months, with employers reporting a
who report a Net Employment Outlook of +16%. Hiring plans improve by 8 and 5 percentage points Net Employment Outlook of +14%. Hiring plans decline by 3 percentage points in comparison
quarter-over-quarter and year-over-year, respectively. with 1Q 2018, but are unchanged when compared with this time one year ago.

Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
90 90
80 80
70 70
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero No bar indicates Net Employment Outlook of zero

4 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 5


Finance, Insurance & Real Estate
Sector Comparisons +15%

Employers expect to increase staffing levels in all seven Mining & Construction sector, the Services sector and the The respectable hiring pace is forecast to continue in 2Q 2018, with employers reporting a Net
industry sectors during the upcoming quarter. The Transportation & Utilities sector. However, Wholesale & Employment Outlook of +15% for the second consecutive quarter. Hiring prospects are 3
strongest labor market is anticipated by Wholesale & Retail Trade sector employers report a slight improvement percentage points stronger when compared with this time one year ago.
Retail Trade sector employers with a Net Employment of 3 percentage points.
Outlook of +21%. Elsewhere, Services sector
employers report upbeat hiring plans with an Outlook When compared with the second quarter of 2017, Net Employment Outlook Seasonally Adjusted Outlook
90
of +20%, while Outlooks stand at +15% and +12% in employers report weaker hiring intentions in four of the
the Finance, Insurance & Real Estate sector and the seven industry sectors. A considerable decline of 11 80
Transportation & Utilities sector, respectively. Meanwhile, percentage points is reported in the Public Administration 70
the weakest Outlook is reported by Manufacturing & Education sector, while Outlooks decrease by 7 and 4 60
sector employers, standing at +9%. percentage points in the Manufacturing sector and the
50
Mining & Construction sector, respectively. Meanwhile,
Hiring plans weaken in five of the seven industry Finance, Insurance & Real Estate sector employers 40
sectors when compared with the previous quarter. report a slight improvement of 3 percentage points. 30
Manufacturing sector employers report a considerable
20
decrease of 9 percentage points, while the Outlook for
the Public Administration & Education sector declines 10
by 8 percentage points. Elsewhere, hiring intentions 0
are 6 percentage points weaker in three sectors – the
-10
-20
Net Employment Outlook Seasonally Adjusted Outlook 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero
Finance, Insurance 16
& Real Estate 15
12
Manufacturing
9

Mining & Construction 11


11
+9% Manufacturing
Public Administration 10 The weakest labor market since the survey began 13 years ago is forecast for the next three
& Education 10
months. Employers report a Net Employment Outlook of +9%, declining by 9 and 7 percentage
18
Services
20 points quarter-over-quarter and year-over-year, respectively.
Transportation 10
& Utilities 12
Net Employment Outlook Seasonally Adjusted Outlook
Wholesale & Retail 23 90
Trade 21
80
0 5 10 15 20 25 30 35 40 45 50 55 60
70
60
50
40
30
20
10
0
-10
-20
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero

6 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 7


+11% Mining & Construction +20% Services
Employers anticipate the weakest hiring pace since the survey started 13 years ago during the A favorable hiring climate is forecast for 2Q 2018, with employers reporting a Net Employment
April-June period, reporting a Net Employment Outlook of +11%. Hiring intentions are 6 Outlook of +20%. However, hiring prospects decline by 6 percentage points when compared
percentage points weaker in comparison with 1Q 2018, and decline by 4 percentage points with the previous quarter, and decrease by 2 percentage points in comparison with the second
when compared with this time one year ago. quarter of 2017.

Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
90 90
80 80

70 70
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero No bar indicates Net Employment Outlook of zero

+10% Public Admin/ Education +12% Transportation & Utilities


Reporting a Net Employment Outlook of +10% for the coming quarter, employers expect the With a Net Employment Outlook for the next three months of +12%, employers match the
weakest labor market since the survey began in 3Q 2005. Hiring prospects decline by 8 and weakest forecast since the survey began 13 years ago, last reported in 2Q 2017. The Outlook
11 percentage points in comparison with 1Q 2018 and 2Q 2017, respectively. decreases by 6 percentage points quarter-over-quarter, and is unchanged when compared
with this time one year ago.

Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
90
80

70
60
50
40
30
20
10
0
-10
-20
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero No bar indicates Net Employment Outlook of zero

ManpowerGroup Employment Outlook Survey 9


8 ManpowerGroup Employment Outlook Survey
Wholesale & Retail Trade
+21%
Employers report healthy hiring prospects for the April-June time frame, reporting a Net
Global Employment Outlook
Employment Outlook of +21%. Hiring plans improve by 3 percentage points when compared
Qtr on Qtr Change Yr on Yr Change
with the previous quarter, and remain relatively stable year-over-year. Quarter 2 2018 Q1 2018 to Q2 2018  Q2 2017 to Q2 2018 Quarter 2 2018 Net Employment Outlook

% -15 -10 -5 0 5 10 15 20 25 30 35 40 45
Net Employment Outlook Seasonally Adjusted Outlook Americas
90 Croatia +29%*
Argentina 7 (6)1 -2 (-1)1 1 (1)1
Taiwan +26%
80 Brazil 10 (8)1 5 (2)1 10 (11)1
Japan +24%
70 Canada 17 (14)1 9 (2)1 7 (7)1
Hungary +18%
Colombia 8 (6)1 3 (-2)1 -6 (-6)1
60 United States +18%
Costa Rica 10 (8)1 -10 (-9)1 -2 (-4)1
50 Guatemala 11 (10) 1
0 (0)1 -3 (-3)1 Greece +16%
40 Mexico 14 (12)1 4 (0)1 0 (0)1 Hong Kong +16%
Panama 6 (5) 1
0 (-1) 1
0 (-1) 1
India +16%
30
Peru 11 (10)1 0 (-2)1 -2 (-2)1 Turkey +16%
20 United States 4 (-1)1 1 (1)1
20 (18)1 Canada +14%
10 Portugal +14%*
0 Asia Pacific Bulgaria +12%
Australia 11 (10)1 -2 (-3)1 0 (0)1
-10 Mexico +12%
China 8 (8)1 0 (0)1 4 (4)1
Slovakia +12%
-20 Hong Kong 16 (16)1 0 (0)1 2 (2)1
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 New Zealand +11%
India 16 (16)1 -5 (-5)1 -2 (-2)1
No bar indicates Net Employment Outlook of zero Poland +11%
Japan 30 (24)1 7 (0)1 0 (1)1
1 1 Singapore +11%
New Zealand 11 (11) 1
-5 (-4) -3 (-3)
Singapore 11 (11)1 2 (1)1 3 (3)1 Australia +10%
Taiwan 27 (26)1 5 (1)1 3 (3)1 Finland +10%
Guatemala +10%
EMEA† Peru +10%
Austria 8 (6)1 11 (6)1 1 (1)1 Romania +10%
Belgium 4 (3) 1
2 (0) 1
3 (3) 1
Netherlands +9%
Bulgaria 15 (12)1 6 (0)1 -5 (-1)1 Slovenia +9%
Croatia 29 – – Brazil +8%
Czech Republic 2 (1)1 -1 (-3)1 -4 (-5)1 China +8%
Finland 16 (10)1 12 (2)1 7 (6)1 Costa Rica +8%
France 4 (4)1 3 (2)1 3 (2)1 Germany +8%
Germany 10 (8)1 7 (2)1 4 (2)1 Israel +8%
1
Greece 21 (16) 1
14 (3) 7 (7)1 +8%
Norway
Hungary 21 (18)1 10 (5)1 1 (1)1
South Africa +8%
Ireland 7 (6)1 4 (1)1 0 (0)1
Argentina +6%
Israel 10 (8)1 1 (-3)1 0 (0)1
1
Austria +6% 
Italy 1 (-1) 1
2 (-1) 1 (0)1
Colombia +6% 
Netherlands 10 (9)1 6 (5)1 5 (5)1
1 1 Ireland +6%
Norway 9 (8) 1
1 (0) 2 (2)
Poland 15 (11)1 8 (0)1 2 (1)1 United Kingdom +6%
Portugal 14 1 4 Panama +5%
Romania 16 (10)1 6 (-5)1 -9 (-8)1 France +4%
Slovakia 12 (12)1 3 (1)1 2 (2)1 Belgium +3%
Slovenia 15 (9)1 2 (-6)1 -12 (-12)1 Spain +2%
South Africa 9 (8)1 2 (2)1 2 (2)1 Sweden +2%
Spain 4 (2)1 1 (-3)1 -3 (-3)1
Czech Republic +1%
Sweden 3 (2)1 -1 (-3)1 -1 (-1)1 +1%
Switzerland
Switzerland 4 (1)1 3 (-2)1 1 (1)1
Italy -1%
Turkey 23 (16)1 17 (3)1 9 (5)1 
-15 -10 -5 0 5 10 15 20 25 30 35 40 45
UK 6 (6)1 2 (1)1 1 (1)1
†EMEA – Europe, Middle East and Africa.
* Indicates unadjusted data.
1. Number in parentheses is the Net Employment Outlook when adjusted to remove the impact of seasonal variations in hiring activity.
Please note that this data is not available for all countries as a minimum of 17 quarters worth of data is required. 

10 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 11


Global Employment Outlook
ManpowerGroup interviewed over 59,000 employers in Hungary report the most optimistic hiring plans in the
International Comparisons – Asia Pacific
across 44 countries and territories to forecast labor EMEA region. Conversely, Italian employers report the ManpowerGroup surveyed 14,500 employers in the Asia In fact, of the more than 4,600 employers surveyed in
market activity* in Quarter 2 2018. All participants were second-quarter’s weakest hiring plans, as well as the only Pacific region. Employers in each of the eight countries India, 0 percent expressed any expectations to reduce
asked, “How do you anticipate total employment at negative forecast among all countries and territories and territories intend to add to their workforces over the payrolls in the next three months.
your location to change in the three months to the end participating in the survey. next three months. Employers in Taiwan and Japan
of June 2018 as compared to the current quarter?” report the strongest second-quarter hiring plans, while Australia’s forecast softens slightly in comparison to the
Staffing levels are expected to grow in all eight Asia Pacific those in Australia and China report the weakest. prior quarter, which was incidentally the most optimistic
Employers forecast varying levels of job gains in 43 of countries and territories during the April-June time frame. forecast reported in this country since 2012. Employer
44 countries and territories during the April-June time However, second-quarter forecasts improve in only two Activity in Taiwan’s labor market is expected to remain confidence remains positive with job gains forecast
frame, including Croatia where employers, surveyed for countries and territories when compared with the first three strong through the end of June. Forecasts indicate that across all seven industry sectors and in all but one region.
the first time, report healthy hiring intentions based on months of the year, decline in three and are unchanged in opportunities for job seekers will remain solid in most Employers in the Services and Transportation & Utilities
unadjusted survey data. When forecasts are compared three. Hiring plans improve in five countries and territories industry sectors with the brightest job prospects sectors report the strongest hiring intentions.
with those reported in the first-quarter, hiring intentions year-over-year, decline in two and are unchanged in one. reported in the Finance, Insurance & Real Estate sector.
improve in 17 countries and territories, decline in 17 and Employers in Taiwan and Japan report the most optimistic Overall, three of every 10 Taiwanese employers said Employer confidence in New Zealand also weakens slightly
are unchanged in nine.** Some upward momentum is regional hiring plans, while for the third consecutive quarter they expect staffing levels to increase in the April-June in comparison to three months ago and last year at this time.
detected in the year-over-year comparison with forecasts the region’s weakest hiring intentions are reported by quarter. Outlooks remain positive across all industry sectors and in
improving in 25 of 43 countries and territories, declining mainland Chinese employers. all regions. However, hiring intentions decline sharply from
in 13, and remaining unchanged in five. Confidence among Japan’s employers is similarly three months ago in both the Finance, Insurance & Real
Employers in each of the 10 countries surveyed in the strong. Employers forecast payroll growth in each of Estate and Public Administration/Education sectors. The
Among the countries and territories featuring seasonally Americas region expect varying levels of workforce gains Japan’s industry sectors and regions, with the most strongest second-quarter job prospects are reported in the
adjusted data, confidence is strongest in Taiwan, Japan, in the upcoming quarter. Outlooks improve in two countries, aggressive hiring efforts expected in the Mining & country’s large organizations (250+ employees) where four
Hungary and the United States, while the weakest hiring decline in six and are unchanged in two in a quarter-over- Construction sector. Job prospects are also bright in of every 10 employers surveyed said they planned to add
prospects are reported in Italy, the Czech Republic and quarter comparison. Year-over-year, hiring prospects are the Transportation & Utilities sectors where employers to payrolls over the next three months.
Switzerland. stronger in four countries, decline in five and are unchanged report their strongest hiring plans since Quarter 2 2008.
in one. Employers in the United States, Canada and Mexico The hiring climate in Singapore is expected to remain
Some noteworthy developments are observed in the report the region’s most optimistic second-quarter hiring In Hong Kong the hiring climate is expected to remain favorable with positive forecasts reported in all industry
second-quarter forecast. Employer confidence in Brazil plans, while employers in Panama, Argentina and Colombia favorable to job seekers. Outlooks are positive across sectors. Opportunities for job seekers are expected to be
has improved steadily for five consecutive quarters, and anticipate the weakest second-quarter payroll growth. all industry sectors, particularly in the Finance, strongest in the Public Administration/Education and
Brazil’s cautiously optimistic second-quarter forecast Insurance & Real Estate sector where the forecast has Finance, Insurance & Real Estate sectors.
indicates progress toward recovery following the Full survey results for each of the 44 countries and territories improved steadily for four consecutive quarters and is
negative Outlooks that prevailed through much of 2015 included in this quarter’s survey, plus regional and global the strongest reported since Quarter 4 2011. Chinese employers continue to anticipate modest job
and all of 2016. Elsewhere, Finnish employers report comparisons, can be found at growth in the April-June quarter with the most hiring
their most optimistic forecast since launching the survey Hiring plans in India weaken in comparison to both the activity expected in the Finance, Insurance & Real Estate
in 2012. And German employers report their strongest www.manpowergroup.com/meos prior quarter and last year at this time. However, the sector and in the Services sector where employers report
hiring plans in six years, as well as the strongest second-quarter survey reveals that, although the hiring the strongest forecast in nearly three years.
Manufacturing sector forecast since Quarter 4 2008. The next ManpowerGroup Employment Outlook Survey pace will slow, few staff reductions are expected.
will be released on 12 June 2018 and will detail expected
Across the Europe, Middle East & Africa (EMEA) region, labor market activity for the third quarter of 2018.
workforce gains are planned in 25 of 26 countries.
Hiring plans improve in 13 countries quarter-over-quarter, * Commentary is based on seasonally adjusted data where
weaken in eight and are unchanged in four. In a available. Data is not seasonally adjusted for Croatia or Portugal.

year-over-year comparison, job gains are expected to ** Croatia participates in the survey for the first time this quarter
improve in 16 of the 25 countries where comparison and has no quarter-over-quarter or year-over-year trend data at
this point.
data is available, decline in six and are unchanged in
three. Based on seasonally adjusted data, employers

12 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 13


Australia +11 (+10)%
Japan +30 (+24)%
Net Employment Outlook Seasonally Adjusted Outlook
60 Net Employment Outlook Seasonally Adjusted Outlook
60
50
50
40
40
30
30
20
20
10
10
0
0
-10
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 -20
No bar indicates Net Employment Outlook of zero 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero

China            +8 (+8)% New Zealand +11 (+11)%


Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero No bar indicates Net Employment Outlook of zero

Hong Kong +16 (+16)% Singapore +11 (+11)%


Net Employment Outlook Seasonally Adjusted Outlook
60 Net Employment Outlook Seasonally Adjusted Outlook
70
50 60
40 50
40
30 30
20 20
10
10 0
0 -10
-20
-10 -30
-20 -40
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018 -50
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero
No bar indicates Net Employment Outlook of zero

India            +16 (+16)%


Taiwan +27 (+26)%
Net Employment Outlook Seasonally Adjusted Outlook
60 Net Employment Outlook Seasonally Adjusted Outlook
60
50
50
40
40
30
30
20
20
10
10
0
0
-10
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 -20
No bar indicates Net Employment Outlook of zero 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero

14 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 15


Argentina +7 (+6)%
International Comparisons – Americas 60
Net Employment Outlook Seasonally Adjusted Outlook

Over 23,000 employers from 10 countries across More modest hiring intentions are reported across 50
North, Central and South America were interviewed Central America. Opportunities for job seekers in 40
to gain insight into expected second-quarter hiring Guatemala are expected to remain favorable, particularly 30
activity. Employers report positive forecasts in each in the Construction sector where employers report their 20
of the 10 countries. However, hiring intentions differ strongest hiring plans since Quarter 3 2014. Meanwhile, 10
markedly across the region. Costa Rica’s Outlook weakens considerably from three 0
months ago, but employers still anticipate some job gains -10

Employers in the United States report the region’s across all industry sectors. The region’s most conservative -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
most optimistic second-quarter hiring plans, and the Outlook is reported in Panama where hiring intentions No bar indicates Net Employment Outlook of zero
forecast is relatively stable in comparison to three remain positive across all sectors but are depressed by
months ago and last year at this time. Once again, the weakest Transport & Communication forecast
job gains are expected in all industry sectors and reported since the survey started in Quarter 2 2010.
Brazil +10 (+8)%
Net Employment Outlook Seasonally Adjusted Outlook
regions, and the most active hiring pace is expected 60
in the Leisure & Hospitality sector. Strong payroll Outlooks are mixed in South America, but job seekers 50
growth is also forecast in the Professional & Business are still expected to find varying levels of opportunity in 40
Services and Wholesale & Retail Trade sectors. all countries. Employer confidence softens in Peru in 30
comparison to the prior quarter and last year at this 20
Opportunities for job seekers are also expected to time, with the most second-quarter job gains expected 10
grow in Canada where employer confidence is the in the Finance, Insurance & Real Estate sector. 0
strongest reported since Quarter 4 2011. Outlooks Colombia’s forecast also declines in both quarter-over- -10
are positive across all industry sectors and regions, quarter and year-over-year comparisons, but employers -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
with one of every five employers surveyed planning to continue to anticipate payroll gains, particularly in the Brazil joined the survey in Q4 2009 No bar indicates Net Employment Outlook of zero
add to their workforces during the April-to-June Construction sector where nearly three of every 10
quarter. Employers in the Public Administration sector employers plan second-quarter hiring. Argentina’s
and in Quebec report the strongest hiring plans. forecast remains modest, but employers report positive Canada +17 (+14)%
hiring intentions in each of the nine industry sectors. Net Employment Outlook Seasonally Adjusted Outlook
60
Mexican employers continue to forecast steady job Meanwhile, employer confidence in Brazil continues to 50
gains in the months ahead with staffing level increases gain traction; hiring plans have steadily improved for five 40
projected in all industry sectors and regions. consecutive quarters, and the forecast is now stronger 30
Employers in the Transport & Communication sector than at any point since Quarter 4 2014 20
expect the strongest job gains, and the sector’s 10
forecast is moderately stronger in both quarter-over- 0
quarter and year-over-year comparisons. -10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero

Colombia +8 (+6)%
Net Employment Outlook Seasonally Adjusted Outlook
60
50
40
30
20
10
0
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Colombia joined the survey in Q4 2008 No bar indicates Net Employment Outlook of zero

16 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 17


Costa Rica +10 (+8)%
Net Employment Outlook Seasonally Adjusted Outlook
Peru +11 (+10)%
60 Net Employment Outlook Seasonally Adjusted Outlook
60
50
50
40
40
30
30
20
20
10
10
0
0
-10
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018 -20
No bar indicates Net Employment Outlook of zero 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero

Guatemala +11 (+10)%


Net Employment Outlook Seasonally Adjusted Outlook
United States of America +20 (+18)%
60 Net Employment Outlook Seasonally Adjusted Outlook
60
50
50
40
40
30
30
20
20
10
10
0
0
-10
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 -20
Guatemala joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero

Mexico +14 (+12)%


Net Employment Outlook Seasonally Adjusted Outlook
60
50
40
30
20
10
0
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero

Panama +6 (+5)%
Net Employment Outlook Seasonally Adjusted Outlook
60
50
40
30
20
10
0
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
Panama joined the survey in Q2 2010 No bar indicates Net Employment Outlook of zero

18 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 19


International Comparisons – EMEA Austria +8 (+6)%
Net Employment Outlook Seasonally Adjusted Outlook
ManpowerGroup interviewed over 21,000 employers Swedish job seekers can continue to expect some 60
in 26 countries in the Europe, Middle East and Africa opportunities in the coming quarter, although the 50
(EMEA) region. overall Outlook is dragged down by the weakest 40
forecasts yet reported in the Finance, Insurance, 30
Payroll gains are anticipated in all countries except Real Estate & Business Services and Construction 20
Italy. The strongest second-quarter hiring plans, sectors. 10
based on seasonally adjusted data, are reported in 0
Hungary. The Hungarian forecast is fueled in part by Outlooks in Poland and Romania point to continued -10
robust projections in the Construction sector where steady hiring during the April-June time frame, with -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
nearly four of every 10 employers surveyed plan to much of the optimism driven by solid forecasts in the No bar indicates Net Employment Outlook of zero
hire in the second-quarter. The hiring pace in Greece Manufacturing sector. In fact, approximately a third of
and Turkey is expected to be similarly steady with Manufacturing sector employers surveyed in both
employers in both countries reporting positive countries said they planned to add to their payrolls in Belgium +4 (+3)%
forecasts in all industry sectors and regions. In fact, the next three months. Net Employment Outlook Seasonally Adjusted Outlook
60
hiring intentions in Greece are the strongest reported 50
by employers there since Quarter 3 2008. Some job gains are anticipated in Switzerland and the 40
Czech Republic, but employer confidence in both 30
Additional highlights in the region include Germany countries remains subdued. And in Italy the forecast 20
where employers report their most optimistic hiring again turns negative despite employers in the 10
plans in six years along with the strongest Restaurant & Hotel sector reporting their strongest 0
Manufacturing sector forecast since 2008. Finland’s hiring plans since the launch of their survey 15 years -10
employers report their strongest hiring intentions since ago. -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
joining the survey in 2012. Meanwhile, employer
No bar indicates Net Employment Outlook of zero
confidence in the Netherlands is the strongest On a more optimistic note, the first survey ever
reported since 2008. conducted in Croatia points to an active second-quarter
hiring pace with a third of all surveyed employers Bulgaria +15 (+12)%
In the UK job seekers are likely to benefit from payroll expecting to add to payrolls in the months ahead. 60
Net Employment Outlook Seasonally Adjusted Outlook
gains anticipated by employers in all sectors and 50
regions. And in Austria, employer confidence improves Beyond Europe, Israel’s Outlook softens from three 40
to more cautiously optimistic levels following the months ago to more modest levels, with Construction 30
country’s more sluggish first-quarter forecast. sector employers expecting the busiest second-quarter 20
hiring pace. South Africa’s forecast strengthens slightly 10
More modest job gains are forecast in France where from both three months and last year at this time with 0
the Outlook improves slightly from the prior quarter employers in the Finance, Insurance, Real Estate & -10
and last year at this time, with employers reporting Business Services sector expecting the strongest hiring -20
positive hiring intentions in all but one industry sector. pace and reporting the strongest Outlook in the sector 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
Bulgaria joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero
Belgium’s hiring pace is expected to remain reserved since Quarter 1 2010.
despite employers in the Manufacturing and
Transportation Storage & Communications sectors * Croatia participates in the ManpowerGroup employment Croatia +29%
reporting their strongest hiring plans in six years. Outlook Survey for the first time this quarter and currently Net Employment Outlook
60
has no quarter-over-quarter and year-over-year trend data.
50
40
30
20
10
0
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
Croatia joined the survey in Q2 2018 No bar indicates Net Employment Outlook of zero

20 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 21


Czech Republic +2 (+1)% Greece +21 (+16)%
Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
Czech Republic joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero Greece joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero

Finland +16 (+10)% Hungary +21 (+18)%


Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
Finland joined the survey in Q4 2012 No bar indicates Net Employment Outlook of zero Hungary joined the survey in Q3 2009 No bar indicates Net Employment Outlook of zero

France +4 (+4)% Ireland +7


-1 (+6)%
Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero No bar indicates Net Employment Outlook of zero

Germany +10 (+8)% Israel +10 (+8)%


Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero Israel joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero

22 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 23


Italy +1 (-1)% Portugal +14%
Net Employment Outlook
Net Employment Outlook Seasonally Adjusted Outlook 60
60
50
50
40
40
30
30
20
20
10
10
0
0
-10
-10
-20
-20 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
Portugal joined the survey in Q3 2016 No bar indicates Net Employment Outlook of zero
No bar indicates Net Employment Outlook of zero

Netherlands +10 (+9)% Romania +16 (+10)%


Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60

50 50

40 40

30 30

20 20

10 10

0 0

-10 -10

-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero Romania joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero

Slovakia (+6)%
+12 (+12)%
Norway +9 (+8)%
Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60

50 50

40 40

30 30

20 20

10 10

0 0

-10 -10

-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero Slovakia joined the survey in Q4 2011 No bar indicates Net Employment Outlook of zero

Poland +15 (+11)% Slovenia +15 (+9)%


Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
Poland joined the survey in Q2 2008 No bar indicates Net Employment Outlook of zero Slovenia joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero

ManpowerGroup Employment Outlook Survey 25


24 ManpowerGroup Employment Outlook Survey
South Africa +9 (+8)% Turkey +23 (+16)%
Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero Turkey joined the survey in Q1 2011 No bar indicates Net Employment Outlook of zero

Spain +4 (+2)% United Kingdom +6 (+6)%


Net Employment Outlook Seasonally Adjusted Outlook Net Employment Outlook Seasonally Adjusted Outlook
60 60
50 50
40 40
30 30
20 20
10 10
0 0
-10 -10
-20 -20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero No bar indicates Net Employment Outlook of zero

Sweden +3 (+2)%
Net Employment Outlook Seasonally Adjusted Outlook
60
50
40
30
20
10
0
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017  2018
No bar indicates Net Employment Outlook of zero

Switzerland +4 (+1)%
Net Employment Outlook Seasonally Adjusted Outlook
60
50
40
30
20
10
0
-10
-20
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
No bar indicates Net Employment Outlook of zero

26 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 27


About the ManpowerGroup About ManpowerGroup®
Employment Outlook Survey ManpowerGroup (NYSE: MAN), the leading global
workforce solutions company, helps organizations
About ManpowerGroup India
ManpowerGroup, the world leader in innovative
The ManpowerGroup Employment Outlook Survey is Net Employment Outlook transform in a fast-changing world of work by sourcing, workforce solutions, has been helping clients and
conducted quarterly to measure employers’ intentions assessing, developing and managing the talent that
Throughout this report, we use the term “Net candidates win in India since 1997. ManpowerGroup
to increase or decrease the number of employees in enables them to win. We develop innovative solutions
Employment Outlook.” This figure is derived by taking India provides unique value to clients and candidates
their workforces during the next quarter. for over 400,000 clients and connect 3+ million people
the percentage of employers anticipating an increase through a comprehensive suite of innovative solutions
ManpowerGroup’s comprehensive forecast of employer to meaningful, sustainable work across a wide range of
in hiring activity and subtracting from this the which cover an entire range of talent-driven needs from
hiring plans has been running for more than 55 years industries and skills. Our expert family of brands –
percentage of employers expecting to see a decrease recruitment and assessment, training and development,
and is one of the most trusted surveys of employment Manpower®, Experis®, Right Management® and
in employment at their location in the next quarter. and career management, to outsourcing and workforce
activity in the world. Various factors underpin the ManpowerGroup® Solutions – creates substantially
The result of this calculation is the Net Employment consulting. This is the Human Age, where access to
success of the Manpower Employment Outlook Survey: more value for candidates and clients across 80
Outlook. Net Employment Outlooks for countries and talent has replaced access to capital as the key
Unique: It is unparalleled in its size, scope, longevity territories that have accumulated at least 17 quarters countries and territories and has done so for 70 years. competitive differentiator. ManpowerGroup India
and area of focus. of data are reported in a seasonally adjusted format In 2018, ManpowerGroup was named one of the creates powerful connections between organizations
unless otherwise stated. World's Most Ethical Companies for the eighth and the talent they need to enhance their
Projective: The ManpowerGroup Employment Outlook
consecutive year and one of Fortune's Most Admired competitiveness and unleash their workforce potential.
Survey is the most extensive, forward-looking Seasonal adjustments have been applied to the data
Companies, confirming our position as the most For more information, visit www.manpowergroup.co.in.
employment survey in the world, asking employers to for all participating countries except Croatia and
trusted and admired brand in the industry. See how
forecast employment over the next quarter. In contrast, Portugal. ManpowerGroup intends to add seasonal
ManpowerGroup is powering the future of work:
other surveys and studies focus on retrospective data adjustments to the data for other countries in the
www.manpowergroup.com
to report on what occurred in the past. future, as more historical data is compiled. Note that
in Quarter 2 2008, ManpowerGroup adopted the
Independent: The survey is conducted with a
TRAMO-SEATS method of seasonal adjustment for
representative sample of employers from throughout
data.
the countries and territories in which it is conducted.
The survey participants are not derived from
ManpowerGroup’s customer base.

Robust: The survey is based on interviews with over


59,000 public and private employers across 44
countries and territories to measure anticipated
employment trends each quarter. This sample allows
for analysis to be performed across specific sectors
and regions to provide more detailed information.

Focused: For more than 55 years the survey has


derived all of its information from a single question:

For the 2Q 2018 research, all employers participating


in the survey worldwide are asked the same question,
“How do you anticipate total employment at your
location to change in the three months to the end of
June 2018 as compared to the current quarter?”

Methodology
The ManpowerGroup Employment Outlook Survey is
conducted using a validated methodology, in
accordance with the highest standards in market
research. The survey has been structured to be
representative of each national economy. The margin
of error for all national, regional and global data is not
greater than +/- 3.9%.

28 ManpowerGroup Employment Outlook Survey ManpowerGroup Employment Outlook Survey 29


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DLF Cyber City
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Haryana, India
Tel: 1800 4194 001
enquiry@manpowergroup.com
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