About, Luis Guastini, director of Manpower Argentina, told Ámbito Financiero that compared to other countries in the region, the recovery of employment for the next quarter can be considered modest. “In the case of Brazil, which is a comparable country for the region, the expectations were +40”, Guastini pointed out.
In other countries the survey indicated: Colombia, +38%, Mexico, +38% and Canada, +37%. “Argentina is the country that shows the weakest expectations in the region, followed by Peru, +24% and Costa Rica, +29%”, indicates the report.
However, the data is positive and, as he said, it is expected that they will be consolidated by the third quarter. The Manpower manager explained that “When the survey was done after January, there was the wave of the Omicron variant of covid, which in Argentina affected more than in other countries of the region”. That, in principle, would explain the reasons why the results were not better at the local level. At that time, companies were unclear how long the health crisis was going to last.
As Ámbito pointed out at the time, absenteeism among SMEs in Januaryat a time when a large part of the staff has vacation leave, reached levels of 25% in some cases, which forced the isolation protocols to be modified for cases of close contacts or people infected with vaccination.
The sectors that will demand the most employment
The so-called Net Employment Outlook (ENE) index in turn reveals the sectors that can generate the most employment in the coming months.
“In ten of the eleven economic activities surveyed, employers expect to increase their payrolls This trend is led by the Banks, Finance, Insurance and Real Estate with an ENE of +23%, followed by Construction with an ENE of +20%”.
The report indicates that “in third place, the sector of IT, Technology, Telecommunications, Communications and Media with an ENE of +17%”. On the contrary, the Non-Profit Organizations sector reports zero expectations.
Compared to the last quarter of 2021, and considering only the sectors that had been surveyed until last year, hiring expectations are strengthened in five of the seven industrial sectors surveyed.
“The largest increase is reported by the Banking, Finance, Insurance and Real Estate sector, revealing an increase of 23 percentage points. Next comes Construction, which marks an increase of 12 points, followed by Other industries, which reveals a strengthening of 7 points”, highlights the report.
The regions of the country
On the other hand, the work shows that “the regions of Cuyo and Northwest Argentina (NOA) lead this trend, both reporting an ENE of +19%, followed by Patagoniawith +17% and by the Argentine Northeast (NEA), with +14%. The AMBA casts the weakest hiring expectationsrevealing an ENE of +10%.
“Compared to the last quarter of 2021, we note that hiring intentions are increasing in all six regions. Patagonia leads this trend with an improvement of 17 percentage points, followed by Cuyo, with an increase of 13 percentage points, and the NEA, with 12 percentage points”, remarks Manpower.
Source: Ambito
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