Net employment outlook at third strongest in Europe
According to the latest ManpowerGroup Employment Outlook Survey, employers across Ireland anticipate the highest level of hiring in 17 years, for the fourth quarter according to The Net Employment Outlook for Ireland stands at +34%, the third strongest in Europe. The powerhouse area behind this positivity is the manufacturing sector – up 53 percentage points from the previous year to +39% for Q4 2021.
Transport and logistics is also poised for headcount growth, with employment outlook rising to 39% for the coming quarter. The retail sector also intends to hire significantly, bouncing back with the promise of continued government employment supports for the industry remaining in place until March 2022.
Elsewhere, the finance and business service sector remains strong, up ten percentage points on last quarter to +20%. However, the construction industry is being hit by limitations to supplies and hiring plans and has contracted 19 percentage points from last quarters record high, yet the employers in the sector remain optimistic with a hiring Outlook of +20%.
- Nationwide, employers in all industry sectors report positive hiring plans for Q4.
- From a regional perspective, employers in Dublin are reporting positive hiring intent with an outlook of +39%, with Munster being the most positive province for the next quarter at +44%.
- Larger-sized organisations (250+ employees) are reporting the strongest hiring confidence for Q4 with an employment outlook of +39%.
- Currently 69% of employers are struggling to fill roles. This leaves us with a significant talent gap where employers need to be investing in recruitment drives, upskilling and retraining programmes as long-term solutions to filling roles.
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