According to the Manpower Global Employment Outlook Survey results released today by US recruitment firm Manpower Inc., hiring expectations in emerging markets -- China, Taiwan, India and Brazil -- continue to outpace the rest of the world. Meanwhile, employer hiring confidence in European countries is mixed with positive job prospects reported in Germany for the quarter ahead. And although hiring plans in the US are stronger compared to one year ago, the cautiously optimistic hiring pace reported for the next three months indicates economic concerns continue to weigh on the minds of American employers. Irish hiring prospects while still negative, are improving.

"We're seeing a multi-speed recovery in the global labour market with talent demand in high gear in many of the emerging markets we survey. Other markets, such as the US and Japan, are still moving forward but can't seem to get out of first gear," said Jeffrey A. Joerres, chairman and CEO of Manpower. "Employers in many markets continue to struggle with inconsistent demand for their products and services making it difficult to anticipate staff needs. As a result, a flexible workforce strategy will be critical during this point of the recovery cycle."

The Manpower data shows employers in 28 of 36 countries and territories expect positive hiring activity in the fourth quarter, with those in five reporting negative hiring expectations -- an improvement in comparison to the 12 countries reporting negative outlooks 12 months ago. Globally, employers in 32 countries and territories are reporting stronger year-over-year outlooks, with those in China, Taiwan, India and Brazil indicating the strongest fourth-quarter job prospects. Notably, forecasts from Chinese, Swiss and Taiwanese employers are the most optimistic since Manpower began polling there. The weakest hiring plans for the upcoming quarter are reported in Greece, Italy, the Czech Republic, Spain and Ireland.

Across the Asia Pacific region, year-over-year forecasts improve in each of the eight countries and territories surveyed, with forecasts improving from the third quarter in three. Hiring plans in the region are strongest in China, Taiwan and India. Meanwhile, employer hiring plans in Japan are the most conservative in the region, but they are considerably stronger compared to one year ago.

"Continued strong domestic growth is fueling stronger job prospects in all industry sectors in China and Taiwan from three months ago. As a result, the talent wars are waging again as companies struggle to retain the talent they need," said Joerres. "In contrast, Indian employers expect to ease the pace of hiring slightly. Interestingly, our data reveals a bright spot in the Japanese Manufacturing sector, where hiring expectations have improved for six consecutive quarters and are the strongest in two years."

Similar to the third quarter, fourth-quarter hiring expectations remain mixed in the 18 countries surveyed in the Europe, Middle East and Africa (EMEA) region. Employers are reporting positive Net Employment Outlooks in 10 countries, but those in 11 expect the pace of hiring to soften from three months ago. However, the year-over-year comparison is more positive with improved Outlooks reported in 15 of 18 countries. Hiring activity in the region is expected to be strongest in Switzerland, Norway and Poland and weakest in Greece and Italy.

"European labour markets have yet to gain real traction due in part to the uncertainty in Greece and Italy. But we are seeing notable improvements across the region in the Finance and Business Services sector, where year-over-year forecasts improve in 15 countries, most notably in Switzerland, Germany and Norway," said Joerres. "The German labour market continues to be resilient; however lack of talent, especially engineers, healthcare professionals and sales staff, is becoming a real issue for employers in many sectors."

Across the 10 countries surveyed in the Americas region, employers anticipate varying degrees of positive hiring activity. Outlooks improve in six countries from three months ago, but improve in all countries when year-over-year comparisons are made. Regional hiring plans are again strongest in Brazil, Peru and Costa Rica and weakest in the US, where hiring plans are relatively stable from three months ago but are notably stronger than those reported one year ago.

"Hiring confidence has returned to the majority of the region with employers in Brazil, Canada, Mexico, Panama and Colombia reporting their most optimistic plans of the year," said Joerres. "Brazilian employers in the Services sector continue to create jobs at a rapid pace and in many industry sectors wage arbitrage is becoming an issue for both professional and skilled trades roles. Meanwhile, in the US most of the hiring that was done in the third quarter will be absorbed, yet negative outlooks are reported for just two sectors -- Construction and Government. US job seekers can expect to find the most opportunities in the Wholesale & Retail Trade and Mining sectors in the quarter ahead."

Ireland

The latest Manpower Employment Outlook Survey, released today by Manpower Ireland, reveals that the hiring climate will improve over the next quarter but uncertainty remains amongst Irish employers.

The Net Employment Outlook stands at -1% for Quarter 4 2010, having improved both quarter-over-quarter and year-over-year, by 5 and 7 percentage points, respectively.

The Net Employment Outlook is calculated by taking the percentage of employers anticipating an increase in total employment (4 percent) and subtracting from this the percentage expecting to see a decrease (7 percent). This figure of -3% is then adjusted to remove any seasonal variations in the data. Once seasonal variations are removed from the data, the Net Employment Outlook stands at -1%.

Krissie Davies, Managing Director of Manpower Ireland, comments: “Our quarterly Net Employment Outlooks this year have often been associated to those reported by employers in Italy and Spain notably, as the weakest in the Europe, Middle East and Africa region. However, while the hiring prospects are still negative in Ireland for Quarter 4 2010, this is the third consecutive quarter of improvement and the Outlook is up by 10 percentage points in comparison with Quarter 1 2010. Another signal that the market may be stabilising is the fact that 88% of employers are telling us they intend to hold on to the staff they have.”

Regional results are mixed as while they mostly improve quarter-over-quarter and year-over-year, employers in three of the five regions report negative hiring intentions for the quarter ahead.

Outlooks in the majority of the 11 industry sectors surveyed also reveal noteworthy and sustained improvement quarter-over-quarter and year-over-year. However, results also show that the pace of redundancies is likely to ease as the recovery strengthens on one hand and employers undertake quarterly adjustments to their workforce as they operate in an uncertain and inconsistent business environment on the other hand.