The data comes from the company specialized in the search and selection of personnel, ManpowerGroup. Faced with the current recessive outlook, the multinational corporation projects a timidly auspicious outlook: the Argentine employers surveyed anticipate, by the end of September, a net employment expectation (ENE) of +3%which represents an increase of 2 percentage points (pp) compared to the previous quarter, but 0 pp compared to the same period last year.
Employment: they project improvement in expectations
Luis Guastinipresident of ManpowerGroup Argentina and director of Talent Solutions for Latin America, explained to this medium that the study pursues the objective of “understand what the behavior of employers will be like in the short term”. As it is a predictive analysis, it seeks to reveal the mood of the business community regarding the impact of the macroeconomy on their activities.
Regarding the result that Argentina showed, the professional explains: “The number 3% tells us that practically There are the same number of employees who are going to reduce their staff as those who are going to add it. and this has been happening for a year.”
Although the data integrated into the quarterly analysis has not fallen and that is positive, Guastini warns that “remains very low compared to other countries in the region, that show greater stability and the possibility of attracting investments”especially in those companies linked to “nearshoring” processes.
Global employment expectation
To size, the global expectation of employment is 22% and of Latin America of 23%.
The results are framed in a survey carried out 40,374 employers of 42 countries on their hiring intentions for the third quarter of 2024.
Above the global average are countries such as Ireland with a 23%, France with a 24%, Swiss with a 3. 4% or the maximum, Costa Ricawith 35%. Below average is Poland with a 14%, Spain with a fifteen% either Chili with a 7%, among others. Argentina is below Israelwhich records a 4%and at the same level as Romania.
In the breakdown of the eight sectors that make up the survey, ManpowerGroup shares that positive employment expectations are distributed in a 29% within the category Health and Life Sciences.
The lawsuit remains in twenty% in the sector information technologyother 17% in Finance and Real Estatewhile the fifteen% takes it Energy and Public Services. To a lesser extent the 2% It’s in Communication servicesand 0% in Transport, Logistics and Automotive and Industries and Materials. Otherwise, the category Estate and Consumer Serviceswhich registers a negative variation towards September, of -1%.
According to the consultant’s representative, the study “shows a great dispersion of sectors in the economy”. This means that Consumer, Durable Goods, Hotels, Construction and Logistics remain more cautious for the third quarter, while the technology, financial and real estate sectors are more optimistic due to their own development and contracting logic.
At the same time, he points out a difference in expectations depending on the size of the companies: “There are more large ones with a greater number of employers that plan to reduce their payroll than those that seek to expandwhile in the SME sector the reality is different, because after several quarters of showing caution, they now exhibit more optimism.”
Regarding the comparison by region, ManpowerGroup highlights that employers in the region Whose inform the strongest expectations of this edition, with a fifteen%. In turn, the 12% is registered in the Northeastern Argentina (NEA)he 9% in the Patagoniahe 4% in it AMBAsame percentage as in the Argentine Northwest (NOA). The pampas regionfor its part, marks a -4%.
Source: Ambito
