Slovak employers report subdued hiring intentions for 1Q 2020

Hiring intentions decline particularly in the Manufacturing sector Bratislava, 12 th December – According to the latest ManpowerGroup Employment Outlook survey release today, Slovakian employers report subdued hiring intentions with a Net Employment Outlook (NEO)1 of +3% for the coming quarter. Hiring prospects are the weakest reported in five years, declining by 2 percentage points when compared with the previous quarter and by 7 percentage points in comparison with the same period last year. “Unemployment in the Slovak Republic continues to decline under 6%. This is very good news for people looking for a job, but companies increasingly complain that they cannot find enough suitable candidates. In-demand profiles are emphasizing not only specialized skills in IT, engineering or skill trades, but companies also report a lack of candidates for nonqualified jobs in manufacturing and logistics. According to the ManpowerGroup Employment Outlook Survey for the first quarter of 2020, employers in 16% of large companies plan to increase the number of vacancies. Especially we are seeing the most inquiries from our clients in automotive sector and logistics in the western part of the territory,” said Zuzana Rumiz, Managing Director of ManpowerGroup Slovakia. Industry sector comparisons Employers in six of the 10 industry sectors expect to add to payrolls during the upcoming quarter. The strongest labour market is anticipated by Transport, Storage & Communications sector employers who report a Net Employment Outlook of +11%. Elsewhere, Finance, Insurance, Real Estate & Business Services sector employers expect some job gains, reporting an Outlook of +7%, while Outlooks stand at +6% and +5% in the Construction sector and the Restaurants & Hotels sector, respectively. However, employers report uncertain hiring plans in both the Manufacturing sector where the Outlook is -2%, and the Mining & Quarrying sector with an Outlook of -1%.

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