ManpowerGroup Employment Outlook Survey indicates steady hiring sentiments

Employers anticipate closing out 2023 with a calculated approach to hiring,according to the latest ManpowerGroup (NYSE: MAN) Employment Outlook Survey of nearly 3020 employers across sectors and regions.The research is based on survey responses fielded July 3-31, 2023.The Net Employment Outlook (NEO)for Q4is +37%,up1% from Q3 2023,anddecreased by -17% when compared with the same time last year.

“The survey findings are clear indicators of a stable economy despite the geo-political and economic uncertainties being faced across the globe,” said Sandeep Gulati, Managing Director, ManpowerGroup India and Middle East. “The government’s unwavering focus and initiatives to drive growth in key sectors coupled with the onset of the festival season are expected to act as crucial reinforcements and boost the hiring sentiments across the country.”

Mr. Gulati further stated, “With the changing landscape of the world of work, organizations that are focused on investing in professional development of their workforce and creating a positive work culture are better equipped to accelerate transformation and build resilience to combat the market volatility.”