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THE GREAT HIRING BOUNCEBACK CONTINUES: Employers in Mainland China Report Optimistic Employment Outlooks for Q1 2022

2021-12-14

SHANGHAI 14th December 2021 - ManpowerGroup Greater China has launched its newest Employment Outlook Survey (hereinafter referred to as "MEOS")for Q1 2022. With MEOS beginning in 1962, this quarter’s results marks 60th consecutive year of the survey. Data showed a great hiring bounceback, employers in mainland china report optimistic employment outlooks for next quarter. For this report, MEOS surveyed 3,020 employers in Mainland China to understand the employment status of companies extending from January to March of 2022. The methodology used to collect the data for the Employment Outlook has been online versus respondents in prior quarters were contacted via telephone.

 

The great hiring bounceback continues, employers in mainland china report optimistic employment outlooks for Q1 2022.

Employers in Mainland China anticipated optimistic hiring sentiment for Q1 2022, continuing the trend of the previous quarters. 52% of the investigated employers anticipated an increase in hiring activity than the previous quarter, while 38% anticipated keep steady and 10% reported a decrease compared to the previous quarter. The Net Employment Outlook is (+25%) after seasonally adjusted analysis. ManpowerGroup Greater China stated that, with the pandemic gradually-controlled,the survey shows that more employers plan to increase payrolls. This reflects arise of 13% from the previous quarter and a rise of 20% compared with the same period a year earlier.


Optimistic expectations across all 12 regions and cities.

With strong outlooks across all the 12 regions and cities, employers in Chengdu (+52%), Southwestern Provinces (+43%) reported the most positive outlook, followed by Southern Provinces (+42%) and North western Provinces (+42%). According to the analysis by ManpowerGroup Greater China, demand for talent in New first tier cities has increased significantly in recent months. Thanks to the release of the Planning Outline for the Construction of Chengdu and Chongqing economic circle, it has a positive effect on the talent expectation of both Chengdu and the whole southwest region, which will attract more enterprises to broaden space for talent recruitment.


Q1 2022 Employment Outlook of 11 Industry Sectors

Net Employment Outlook (seasonally adjusted %)

  柱状图-05.png

Growth expected across all 11 sectors and Digital roles remain in demand.

The most competitive sector is Not for profit, where employers expect a Net Employment Outlook of (+60%). Another competitive sector is Education, Health, Social Work and Government, where employers expect a Net Employment Outlook of (+49%). IT, Technology, Telecoms,Communications and Media listed the third place of the best sectors with organizations reporting a Net Employment Outlook of (+47%). Another competitive sector is Construction,where employers also expect a Net Employment Outlook of (+43%).

 

Q1 2022 Employment Outlook of 12 Regions and Cities

Net Employment Outlook (seasonally adjusted %)

柱状图-04.png

Influenced by the education reform policy, the government is strongly promoting vocational education. ManpowerGroup Greater China said, “With the issue of the Guidelines on October 12, 2021,promoting the High-Quality Development of Modern Vocational Education, which may have prompted extra confidence from vocational education institutions.” Additionally, many of the academic tutoring organizations have pivoted to sport or fine arts tutoring and are rehiring or expecting to rehire in the near future.

In addition, talents in digital roles continues to maintain strong demand. According to the data o China information and Communication Research Institute, the overall scale of China's digital economy has reached 39.2 trillion yuan by 2020, accounting for 38.6% of China's total GDP. Digital economy has become an important support for China's economic growth. With the rapid iteration of technology, demand for talents in related fields shows a strong upward trend.

 

Hiring intentions are reported high by Large-size employers.

Payrolls are forecast to grow in all the four organization size categories during the coming quarter. Large employers (+50%) expect the strongest hiring pace, while Micro employers (11%) forecast a flat hiring activity.


Q1 2022 Employment Outlook of 4 Organization Sizes

Net Employment Outlook (seasonally adjusted %)

柱状图-06.png

Commenting on the findings, ManpowerGroup Greater China believes, these findings show the post-pandemic hiring recovery, that has been underway for some time, continues to carry momentum into 2022, as we see record levels of demand for talent across key sectors in Mainland China and globally. However, as the supply of jobs outstrips the supply of labor, employers will need to continue to balance the needs of workers with the skills and requirements they need in the hybrid workplace.

 

Globally, it’s the first time since before the pandemic, all 40 countries report positive employment outlooks.

With MEOS beginning in 1962, in the 60th anniversary edition of the ManpowerGroup Employment Outlook Survey (NYSE: MAN) of 39,000 employers, 36 of the 40 countries report higher intentions than the previous quarter. When compared to the same time last year, outlooks improve in 38 countries and territories but weaken in two.

 

APAC: The region improves +13% since last quarter, and +27 when asked this the same time last year. The strongest hiring prospects are reported in India (+49%), followed by Australia (+37%) and Hong Kong (+37%), while the weakest regional labor market is expected in Japan (+11%), Taiwan (+13%) and Singapore (+14%) – the three weakest globally. Hiring sentiment strengthens in 5 countries and territories quarter-on-quarter while weakening in two; Singapore and Taiwan.Compared with last year, outlooks weaken in two countries and territories while improving in five.

North America: The region gains significantly compared with last quarter, reporting an Employment Outlook of (+41%) – up by 27%. Both the USA (+41%) and Canada (+37%)expect strong hiring levels for Q1 2022. Canada sees a stronger outlook than last quarter (+4%), while the USA shows a small decline (-5%). With an employment outlook of +60%,employers in the IT, Technology, Telecoms, Communications and Media sector expect the top performing staffing climate. The weakest is reported in the non-for-profit sector (+29%).

Central & South Americas: Hiring sentiment strengthens in all eight countries when compared with the previous quarter. The strongest hiring plans in the region are reported in Peru (+51%), followed by Brazil (+47%) and Mexico(+45%). The weakest outlooks are expected in Costa Rica (+31%) followed by Guatemala (+36%) and Panama (+38%).The outlook in the region has improved 40 points when compared with the previous year, and 22 points on last quarter.

EMEA: Compared with Q4, 2020 hiring intentions improve in 22 countries and decline in one (France -1%). The strongest regional hiring plans are reported in Ireland (+47%), Portugal (+37%), and the Netherlands (+47%), while employers make the weakest forecasts in the Czech Republic (+14%), Greece(+16%) and Hungary (+19%). The UK boasts its most positive outlook since the survey began (+32%), with greatest job demand in London, where employers of 42%, improving 54 points year on year. France dropped 2 points on last quarter however was still up 24 points on this time last year.


To view complete results for the ManpowerGroup Employment Outlook Survey, visit: https://go.manpowergroup.com/meos. The next survey will be released on March 08, 2022, and will report hiring expectations for Q2, 2022. With MEOS beginning in 1962, this quarter’s results marks 60th consecutive year of the survey.

 

NOTES TO EDITORS

The methodology used to collect the data for the Employment Outlook has been digitized in 40 markets for the Q1 2022 report. Respondents in prior quarters were contacted via telephone and data is now being collected online.Respondents are members of double opt-in online panels and are incentivized to complete the survey. In line with standard findings of online surveys, more people are now taking a position – selecting that their workforce will either increase or decrease vs. no change. Because the Net Employment Outlook is based only on the people saying increase or decrease, the result of this higher level of engagement means the methodology shift may contribute to a higher Outlook.With a sample of 1,000 there is a margin of error of +/-3%. The question asked and the respondent profile remains unchanged. Sizeof organization and sector are standardized across all countries to allow international comparisons. The survey data was collected in October 2021, before awareness of the Omicron variant.

 

ABOUT THE SURVEY

The Employment Outlook Survey is the most comprehensive, forward-looking employment survey of its kind, used globally as a key economic indicator. The 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 a decrease in hiring activity.

 

ABOUT MANPOWERGROUP GREATER CHINA

ManpowerGroup Greater China Limited (Stock Code: 2180.HK) started its business in Hong Kong and Taiwan in 1997. Since that time, it has accelerated its market expansion and now provides services to its clients in over 160 cities in the Greater China markets and operates in more than 20 offices. ManpowerGroup Inc. (NYSE: MAN), our largest shareholder, is a world leader in workforce solutions and services-- with a long operating history of more than 70 years.

Empowered by the world-wide reputation and global perspectives o fManpowerGroup Inc., ManpowerGroup Greater China has rooted its operations in local markets across Greater China for over 20 years. In 2015, ManpowerGroupGreater China Limited and CITICPE established a strategic joint venture headquartered in Shanghai, to penetrate and accelerate business in Greater China. Through our service network of over 160 cities, we offer comprehensive and full range workforce solutions to more than 20,000 companies in the Greater China Region. On July 10th, 2019,ManpowerGroup Greater China listed on the Hong Kong Stock Exchange.

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