Manpower’ Net Employment Outlook Survey October To December 2015
“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 the next quarter.
The Manpower Survey is based on interviews with nearly 59,000 public and private employers across 42 countries and territories to measure anticipated employment trends each quarter. Over 15,200 employers were interviewed in the Asia Pacific region.
In Taiwan the opportunities for job seekers are expected to remain bright through to the end of December, and when compared to other employers across the globe optimism among Taiwanese employers is surpassed only by those in another Asian country – India.
In Japan, the outlook for hiring expectations stands at its strongest level since Quarter 2008. The labour market remains tight with the impacts of skills shortages and aging workforce continuing to be felt.
The hiring pace in both Singapore and Hong Kong is expected to remain steady with positive forecasts reported by employers in all industry sectors.
In China expectations have dropped significantly but employer confidence remains cautiously optimistic with positive outlooks reported in each industry sector and region for the last quarter of 2015. For some perspective China’s 5% puts them in the same 4-6% zone as Canada, Germany, Sweden, Ireland and the United Kingdom.
The United States and India markets have broad growth and demand for people and skills. Singapore, Hong Kong, Indonesia and Thailand markets are reasonably firm but patchy, especially at the senior end of the market. Japan remains robust but there are a number of practical and cultural aspects to the market that means it is not as flexible or liquid as in other markets. China is certainly off in manufacturing but this downturn has been building for some years, whereas in parts of the finance and services sectors demand is still reasonably strong. South Korea and Malaysia are weak but Philippines and Vietnam are strong.
Asia like other regions in the world has patches of demand and areas that are not as strong. From a simple comparison of the figures in Manpower’s Net Employment Outlook Survey for the quarter you can see that on average the employment expectations in Asia are double North or South America and four times more positive than in Europe.
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