Home Latest Feeds Technology News This number of employers plans to increase the number of employees in the second quarter

This number of employers plans to increase the number of employees in the second quarter

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This number of employers plans to increase the number of employees in the second quarter

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In the meantime, downsizing may be more typical in the areas of logistics and the automotive industry.

31 percent of Hungarian employers plan to expand their workforce in the second quarter, while 22 percent plan to reduce it. Looking at the sectors, labor recruitment mainly affects communication services and IT, according to Manpower Hungary’s labor market forecast published on Tuesday.

Examining the individual regions, the differences are significant. Employers’ expectations for staff expansion in Budapest, Central and Northern Hungary, and the Southern Great Plain are above the national average. At the same time, neither a significant increase nor a decrease in the number of employees is expected in the Northern Great Plain and the largest part of Transdanubia. However, in Central Transdanubia, many more people expect to be laid off than hired.

Examining the individual sectors, it was determined that the biggest upswing is expected in the communication services, IT, finance and real estate sectors. They can increase the number of employees to an average extent in the fields of raw materials and processing, as well as consumer goods and services. The prospects are much more modest in the energy and utilities segments, while the downsizing may be more typical in the areas of logistics and the automotive industry.

They added that based on the size of the company, typically among the largest employers with more than 5,000 employees, more layoffs than hiring can be expected, while the outlook is much more optimistic in the other categories.

The announcement quoted Tamás Fehér, the managing director of Manpower in Hungary, Croatia and Slovenia, who said that the market players are trying to keep the proven workforce, while they now see it as timely to gradually fill vacant positions. This strategy seems to pay off in the longer term, as the labor market is tight, and the extent of this may further increase following an upswing.

ManpowerGroup conducted its quarterly survey of more than 40,000 employers in 42 countries around the world, in which a representative sample of 525 employers in Hungary were asked about their hiring intentions in the second quarter of 2024.

ManpowerGroup helps place approximately 3.4 million workers annually, serving nearly 400,000 clients worldwide. In Hungary, Manpower already has more than 30 years of experience in the field of recruitment and hiring.

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