Employment outlook survey points to higher demand


Manpower report paints rosy picture for ‘Transport & Utilities’ sector recruitment intentions

Employment outlook survey points to higher demand
Manpower has forecast a particularly positive quarter for employment intentions

 

Recruitment specialist Manpower has forecast the strongest labour market in the coming quarter since the second quarter of 2012 for its ‘Transport & Utilities’ sector measure.

The latest Manpower Employment Outlook Survey shows that of the 1,500 public and private employers surveyed, 20 per cent of Transport & Utilities employers indicated they intend to increase their headcount over the October-December, while 76 per cent said they would not make any change to their current workforce.  

And the expected performance takes into account the traditionally strong quarter in the lead-up to Christmas.

The resulting seasonally adjusted ‘Net Employment Outlook’ (NEO) of +17 per cent is up four percentage points from last quarter and 10 percentage points at the same time last year.

The Net Employment Outlook is calculated by subtracting the percentage of employers anticipating a decrease in hiring activity from the percentage of employers anticipating an increase in employment.

Seasonal adjustment is then applied to the data

The surge in demand for workers over the next three months is said to be driven by "a need for these companies to stay technologically agile in today’s environment".

"The transport and logistics industry is going from strength to strength," ManpowerGroup Australia and New Zealand MD Richard Fischer says.

"As sophisticated stock management systems become increasingly essential for these companies, largely introduced by overseas companies now operating here, they are seeking smarter and more efficient ways of working.

"This in turn is driving a need for additional resources to help them innovate and adapt to changing consumer demands."

Seen as a bellweather for the health of the economy as a whole the measured sector is not alone.

National hiring intentions are set to continue on a positive streak for the remainder of 2016.

Of the 1,508 public and private employers surveyed, 18 per cent indicated they intend to increase their headcount over the October and December timeframe, while the majority (75 per cent) said they would leave their current workforce unchanged.

The resulting national NEO of +11 per cent is up two percentage points from last quarter, and five percentage points from the same time last year.

Fischer says the uptick in hiring intentions nationally is a sign that employers are increasingly impervious to political and economic instability that has preoccupied much of the news cycle this year.

 

 

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