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The last quarter of FY22 is almost about to start and with all the uncertainty around finding jobs or keeping one, we found a recent report that seems to put the fizz back in the soda.
But It's A Mixed Bag
Per ManpowerGroup's recent chats with 3,020 employers across key sectors, 64% job givers say that they will be hiring manpower in the last quarter of FY 22.
20% respondents said that employee levels would remain the same, while the balance 15% said that pink slips are in order, meaning headcount will be lowered in the coming quarter.
Net employment outlook - the difference between companies looking to hire and those expecting to fire - thus stands at 49%.Getting Better Or Worse?
⚠ Most metrics when compared to 2020 look promising, which they are, but a real feel would be a comparison with 2019 numbers. We could not find that data in the report.
Technology related roles are hottest: IT, telecoms, communications and media reported the strongest outlook (60%), followed by restaurants and hotels (56%) and banking, finance, insurance and real estate (52%).
No. While all 11 sectors surveyed reported positive intentions to add employees, the hiring forecast is least optimistic in the construction and primary production sectors, with the net employment outlook at 29% and 28%, respectively.
Where Are The Jobs?
Is It All Good?
With core real estate products like offices and retail - accounting for most of a developer's recurring income - still a long way from full recovery, real estate and construction hiring could normalise by Q3, FY23, we reckon.