Job market is picking up, shows strongest hiring intentions in three years, survey shows

Newsroom 14/06/2011 | 21:29

Job seekers in Romania may benefit from the most upbeat hiring forecast in nearly three years in Q3 of 2011, according to the Manpower Employment Outlook Survey recently released by Manpower Romania.

The survey was carried out on 765 Romanian employers across 10 industry sectors and 8 regions.

It indicated an active hiring environment in the quarter ahead, with 28 percent of employers expecting to increase their payrolls.

Just 8 percent of employers are expecting to decrease their number of employees and an important 63 percent predicting no change in their payrolls.

 The Net Employment Outlook* of 20 percent is the most optimistic since the fourth quarter of 2008 and one of the strongest in the EMEA region.

The hike in hiring expectations is led by levels of employer optimism in the Manufacturing and Construction sectors that we have not seen in over three years, according to Valentin Petrof, Country Manager of Manpower Romania.

Not only that but signs of improvement at the regional and sector levels indicate that employers are more confident that the labor market recovery will continue.

In this climate, we expect to see more movement of individuals within the labor market because many people have been waiting for recovery signs before looking for new job opportunities or changing jobs,” says Petrof.

Employers in all 10 industry sectors forecast an increase in staffing levels for the third quarter. mining & quarrying sector employers report robust hiring plans with a Net Employment Outlook of 34 percent.

Also solid payroll growth is anticipated in the construction sector and in the manufacturing sector, with employers in both reporting Outlooks of +27 percent.

The Restaurants & Hotels sector Outlook stands at a healthy +25 percent, while Wholesale & Retail Trade sector employers report an Outlook of +22 percent.

The Outlooks for the Construction, Manufacturing, Mining & Quarrying and Restaurants & Hotels sectors are at the strongest levels since 2008.

 

*The Net Employment Outlook is the figure derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting to see a decrease.

Otilia Haraga

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