Global hiring intentions steady for Q4 ’24, weaker YoY

Global hiring intentions are expected to hold steady in the Q4 2024, with a Net Employment Outlook (NEO) of 25 per cent. This figure represents a 3 per cent increase from the previous quarter but a 5 per cent decline compared to Q4 2023, according to the latest ManpowerGroup Employment Outlook Survey.

According to the report, despite the quarter-over-quarter (QoQ) improvement, the year-over-year (YoY) decrease reflects ongoing economic uncertainties.

Regionally, North America leads with a 32 per cent Outlook, followed by Asia Pacific at 27 per cent, Central & South America at 23 per cent, and EMEA at 21 per cent.

The IT sector shows the strongest hiring intentions at 35 per cent, with Financials & Real Estate at 32 per cent. Larger organisations, particularly those with 250-999 employees, report the highest Outlook at 32 per cent.

Attribution: ManpowerGroup Employment Outlook Survey

Subediting: M. S. Salama