ManpowerGroup Employment Prospects Survey for Q2 2019:
31% of Greek employers predict an increase in number of employees for next three months
Overall Employment Prospects stand at + 21%, the highest prospects for more than 11 years, up 6 percentage points from the same quarter last year.
Athens, 12 March 2019
Greek employers are optimistic about their hiring intentions for the coming quarter, according to ManpowerGroup Recruitment Intentions Survey announced today by ManpowerGroup Greece. Following the seasonal adjustment of data, the Total Employment Prospect stands at + 21%, reaching the highest level recorded for 11 years. Recruitment plans are up 3 percentage points from the previous quarter, and are up 6 percentage points over the same period last year…
ManpowerGroup – Evolution of Employment Prospects in Greece
“The Greek economy is still in a recovery phase, with industries increasing their investment, something which will lead to new jobs. The Construction, Electricity, Wholesale and Retail sectors are some of sectors which will experience the greatest growth in the next quarter. According to the information we receive from our customers, the greatest demand is for positions such as salespeople and Customer Service”, says Charalambos Kazantzidis, Managing Director of ManpowerGroup Greece.
Details: Comparisons by Sector of Economic Activity
Employers in the nine sectors of economic activity expect to increase the number of people employed between April and June 2019. The strongest employment intentions are in the Construction sector, with an Overall Employment Outlook of + 26%. There is also expected to be a significant increase in the number of people employed in Electricity, Gas & Water Supply with Prospects of + 24%, and in three other sectors with Prospects of + 23% – Industry / Production, Transport & Communications and Commerce (Wholesale & Retail). Employers in the Tourism sector also expect healthy recruitment, with Prospects of + 21%, while Outlooks in Finance, Insurance, Real Estate and Business Services are + 19%.
Six of the nine sectors of economic activity are showing more positive recruitment prospects when compared to the previous quarter. Employers in the Electricity, Gas & Water sector report the most significant improvement, of 18 percentage points, while increases of 9 and 6 percentage points have been found in Construction and Industry and Production respectively. However, the outlook is declining in three areas, Finance, Insurance, Real Estate and Business Services, where employers report a fall of 2 percentage points.
When compared to the same period last year, recruitment intentions improved in eight of the nine sectors of economic activity, with the most significant being a 12 percentage point increase in both the Construction and Manufacturing sectors. Tourism employers are expecting an increase of 9 percentage points, and Outlook is up 7 percentage points in the Transport & Communications and Trade (Wholesale & Retail) sectors. Employers in the Agricultural sector have registered a slight decrease of 3 percentage points.
Comparisons by size of organisation
Employers across all four size categories expect an increase in the number of employees in the coming quarter. Large employers expect the strongest job market, with optimistic Total Employment Outlooks of + 34%. Medium and Small Employers report healthy recruitment plans, with Outlooks of + 24% and + 21% respectively, while the Outlooks for Small Business is + 13%.
Recruitment prospects are up by 5 percentage points in comparison with the previous quarter for Large Business employers, and by 4 percentage points for Very Small and Small Enterprises. In the meantime, employers in Medium Enterprises are reporting relatively stable recruitment plans.
Compared to the same period last year, Large Business’ recruitment plans improved significantly by 11 percentage points, and recruitment plans were also up 10 percentage points for employers in the Medium Business category. Small businesses report an increase of 6 percentage points, while the outlook for Very Small businesses remain unchanged.
For more detail, you can see the infographic with the summary results here.