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ManpowerGroup Employment Outlook Survey Shows: Mainland China’s Second Quarter Employment Expectations Stabilize

ManpowerGroup Employment Outlook Survey Shows: Mainland China’s Second Quarter Employment Expectations Stabilize


  2024Year3moon12day(Shanghai)ManpowerGroup today released the results of its latest employment outlook survey to understand companies’ intentions to add or reduce employees between April 2024 and June 2024.

  2024yeartwoquarter,Mainland China (excluding Hong Kong, Macao and Taiwan)employment expectationstend toStablize

After seasonally adjustment, Mainland China’sThe net employment outlook index is+32%interviewed around the world42among countries and regions, rankingthreeposition, higher than the globalaverage employment prospects index10percentage points.Compared with the first quarter of 2024, the Net Employment Outlook Index fell slightly by 1 percentage point and increased by 3 percentage points compared with the second quarter of 2023. Among them, employment expectations in Shanghai and Northeast China are the most positive, with a net employment outlook index of +45%, followed by Guangzhou (+40%).

 

 

  2024yeartwoquarter12City and regional employment prospects

Net Employment Outlook Index (seasonally adjusted %)

  ManpowerGroupHe said: At the beginning of the new year, the government adopted multi-pronged policies, the recovery of domestic consumption and the growth of overseas demand jointly promoted the steady progress of the economy and maintained a relatively stable employment environment.

  Energy and Utilitiesemployment prospects are the mostoptimismpositive

second quarter,Energy and Utilitiesemployment expectations are the most positive and optimistic,However, compared with the previous quarter and the same period last year, the net employment outlook index fell by 2 percentage points and 1 percentage point respectively. This is followed by consumer goods and retail services (+36%).

 

 

  2024yeartwoquarter9Employment prospects in major industries

Net Employment Outlook Index (seasonally adjusted %)

ManpowerGroup said: China’s energy investment will grow rapidly in 2023, with new energy investment increasing by more than 34% year-on-year, demonstrating my country’s core position in the global clean energy field, thereby boosting the industry’s employment prospects.

  5000+people sizeenterpriseemployerofRecruitment expectationsmorecautious

Among employers in six types of companies,5000+human scale enterpriseemployment expectationsAmong the six types of enterprises, it is still the mostPositive and optimistic,Compared with the previous quarter and the same period last year, the net employment outlook index increased by 1 percentage point and 11 percentage points respectively.

  2024yeartwoquartersixEmployment prospects for large companies

Net Employment Outlook Index (seasonally adjusted %)

ManpowerGroup said: In recent years, enterprises above designated size have actively increased investment in innovative research and development, deepened intelligent transformation and digital transformation, and implemented overseas strategies. These measures have effectively promoted the growth of employment demand.

  More than half of positions are implementing gender equality plans

When it comes to promoting Diversity, Equity and Inclusion and Belonging (DEIB), more than half of employers surveyed in Mainland China (56%) said they are making progress towards achieving gender equality. However, senior management and STEM positions (science, science, etc.) The number of female employees in technology, engineering and mathematics is low and there is still room for improvement.

  Proportion of employers making progress in increasing the number of female employees in different roles

In terms of retaining talents and promoting talent diversity, building an inclusive organizational culture and a flexible work system are most effective. 43% of employers surveyed in mainland China said that flexible work helped them retain talents and expand the talent pool. , making it more diversified.

 

 

  retain talent andPromote talent diversityThe most effectiveofmeasures

  global wide,40indivualInterviewedofCountries and regionsofemployeroverallPresent positive hiring expectations

ManpowerGroup conducted a survey on employment prospects in 42 countries and regions around the world. After seasonal adjustment, the net employment outlook index in the Asia-Pacific region was +27%. Employment expectations in the Americas remain positive, with the net employment outlook index for North America at +31% and the net employment outlook index for Central and South America at +19%. Employment expectations in Europe, the Middle East and Africa are the lowest among other regions, with the Net Employment Outlook index at +15%.

  2024yeartwoquarterGlobal 42countriesandareaemployment prospects

Net Employment Outlook Index (seasonally adjusted %)

The ManpowerGroup Employment Outlook Survey began in 1962, and this quarter’s results mark the survey’s more than 60 consecutive years.

  Toreader

The ManpowerGroup Employment Outlook Survey conducted a survey in 42 countries and regions around the world in the second quarter of 2024. The survey starting from the first quarter of 2022 was completed through mailing list collection (double opt-in). Respondents from previous quarters Interviews were conducted via telephone. Consistent with the criteria from the previous survey, how will your company’s headcount change, increase, decrease, or remain the same. The Net Employment Outlook is the difference between the proportion of employers who expect to increase their headcount in the next quarter minus the proportion of employers who expect to reduce their headcount among all businesses surveyed. The higher levels of respondent engagement resulting from this shift in survey methods may drive higher hiring prospects. The margin of error for 1000 samples is +/-3%. The survey questions and respondent information remain unchanged, and enterprise and industry sizes in all countries are standardized to facilitate comparisons between countries or regions.

  About this survey

This quarter’s ManpowerGroup Employment Outlook Survey was conducted in January 2024 to investigate employers’ intentions in terms of adding or reducing employees in the next quarter. This is a forward-looking survey that is unique in its scale, scope, history and areas of coverage, and is a recognized economic benchmark. The Net Employment Outlook is the difference between the proportion of employers who expect to increase their headcount in the next quarter minus the proportion of employers who expect to reduce their headcount among all businesses surveyed.

  About ManpowerGroup Greater China Limited (stock code:2180.HK)

ManpowerGroup Greater China Limited (stock code: 2180.HK) started its services in Hong Kong and Taiwan in 1997. So far, services have covered more than 20 directly operated cities including Shanghai, Beijing, Guangzhou, Shenzhen, Hong Kong and Taiwan, with the headquarters located in Shanghai. Our major shareholder, ManpowerGroup Inc. (NYSE: MAN), is a global leader in human resources solutions with a 75-year history and a service network covering more than 70 countries and regions. ManpowerGroup has been deeply involved in the local market for more than 20 years, with a service network reaching more than 270 cities and serving more than 20,000 companies. In 2015, the company formed a strategic alliance with CITIC Industrial Fund to accelerate its local strategy. On July 10, 2019, ManpowerGroup Greater China Co., Ltd. successfully listed on the Hong Kong Stock Exchange. The company has always been committed to unleashing the development potential of talents. With comprehensive human resources solutions such as flexible employment, talent hunting, recruitment process outsourcing, management consulting and training development, it has been widely praised by the industry and has been awarded the “Asia-Pacific Human Resources Leading Company” many times.



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