Final-quarter hire predictions hit lowest levels in a decade

first_imgFinal-quarter hire predictions hit lowest levels in a decadeOn 23 Sep 2003 in Personnel Today Comments are closed. Previous Article Next Article The UK’s employers are anticipating a 10-year low in job prospects duringthe final quarter of this year, according to a major new survey of 2,500organisations. Manpower’s Global Employment Outlook Survey shows 21 per cent of the UK’semployers are expecting to take on more staff in the final quarter of the year,while 9 per cent expect a reduction in job opportunities. This gives a net employment outlook (NEO) figure of 12 per cent – a fall of2 per cent on last year, and the lowest since 1993. The study reveals the hotel and retail sectors predict a particularly poorend to the year, reporting their lowest final-quarter hiring intentions for thepast 12 years, with an NEO of 7 per cent. The predictions for the manufacturing sector are also noticeably depressed.Just 16 per cent of employers in the sector expect to take on more staff, while9 per cent are looking for cuts. This gives an NEO of 7 per cent – 5 per centdown on 2002. The current prediction is the sector’s third-lowestfourth-quarter result in 10 years and corresponds with Government figures whichshow that manufacturing employment levels fell to an all- time low of 3.5million workers in the three months leading up to June 2003. Hazel Detsiny, a Manpower director, was surprised by the pessimism about theemployment rates. “Quarter-four prospects are usually extremely buoyant due to theincreased hiring activity which takes place over the Christmas period to helpmeet consumer demand,” she said. Although the UK’s employment prospects figures were lower than expected,they were better than its European competitors, except for Sweden, which has anNEO of 12 per cent. By contrast, a greater proportion of employers are expecting to reduce theirstaffing levels in Germany (NEO -8 per cent) and Ireland (NEO -4 per cent). By Ben WillmottWeblink Related posts:No related photos.last_img read more

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