ManpowerGroup – Employment Outlook Survey, 1Q 2024

The ManpowerGroup Employment Outlook Survey for the first quarter of 2024 gathered responses from 40,077 employers in 41 countries. The survey aimed to assess hiring intentions, talent scarcity, and HR priorities for the year. The Global Net Employment Outlook, which measures the difference between employers planning to hire and those planning reductions, increased by 3% compared to the previous year, but decreased by 4% compared to the fourth quarter of 2023, now standing at 26%. This indicates a mixed outlook for the job market. According to the survey, 75% of employers globally reported difficulty in finding talent with the required skills. This highlights the ongoing challenge of talent scarcity for organizations across various industries and regions. The Global Employment Outlook for the first quarter of 2024 is considered a significant indicator of labor market trends worldwide. It is calculated by subtracting the percentage of employers expecting staff reductions from those planning to hire, and it currently stands at 26%. This suggests that there is still demand for hiring in the upcoming quarter, albeit at a slightly lower level than the previous quarter. Overall, the survey provides important insights into the current state of hiring intentions, talent scarcity, and HR priorities for the beginning of 2024, and it serves as a valuable resource for businesses and policymakers to understand labor market trends.