In Chile, the sectors with the highest hiring intention for the next three months are Finance and Real Estate (27%) and Consumer Goods and Services (23%).
For the first time in Chile, the ManpowerGroup Employment Outlook Survey (MEOS: ManpowerGroup Employment Outlook Survey ) projects the outlook on the hiring intentions of companies of various industries and sizes throughout the southern country.
In this first version of the MEOS, the study indicates that net hiring intentions (NEO: Net Employment Outlook ) reach 10% by the second quarter of 2024.
At the moment there is no comparative data with previous quarters since it is the first time that this survey has been carried out in Chilean territory.
The research is based on data collected from more than 40,000 entrepreneurs in 42 countries between January 2 and 31, 2024.
“For several years the economy has fluctuated at a dizzying pace due to the context of uncertainty that has been experienced at a global, regional and local level. For the second quarter of 2024, employers in Chile have moderate hiring intentions, as companies evaluate the evolution of conditions in the coming months," indicates Jorge Gamero, General Manager of ManpowerGroup Chile and Director of Experis South America.
Used internationally as an indicator of economic and labor market trends, the NEO is calculated by subtracting the percentage of employers who plan to reduce staff from those who plan to hire.
FINDINGS OF THE SECOND QUARTER 2024 IN CHILE
- Hiring intentions (NEO) in Chile reach 10% for the second quarter of 2024.
- The Finance and Real Estate sector is the one with the best hiring intentions in the southern country, with 27%, followed by Consumer Goods and Services (23%), as well as Communication Services (17%).
- Amid a shortage of IT talent, the Information Technology sector ranks fourth with a NEO index of 16%.
- 38% of companies say that flexible working has helped them retain talent and expand their candidate pool to make it more diverse.
- 65% of organizations continue to invest in and expand their Diversity, Equity, Inclusion and Belonging (DEIB) programs and initiatives.
GLOBAL RECRUITMENT PLANS BY REGION
North America: Despite a slight decrease compared to the first quarter of 2024 (-3%), North American companies remain the most optimistic, with an outlook of 31%, which represents an increase of +1% compared to the second quarter 2023.
- Employers in the United States (34%) reported the strongest hiring intentions, followed by Canada (22%) and Puerto Rico (14%).
- The US has the best sector prospects in IT (51%) and Financial Services and Real Estate (50%).
Central and South America: At 19%, hiring intentions decreased both annually (-8%) and quarterly (-9%).
- The strongest hiring intentions correspond to companies from Costa Rica (32%), Mexico (27%) and Guatemala (26%). On the other hand, Argentina (1%), Chile (10%) and Panama (15%) present the weakest expectations.
- The Industry and Materials sectors, as well as Transportation, Logistics and Automotive, lead the most favorable expectations at the regional level.
Asia-Pacific: Hiring managers across the region have the second most favorable regional expectations (27%), unchanged year-on-year, but down -3% from the previous quarter.
- Companies from India (36%) and China (32%) are those that announce the best hiring intentions in the region, while the most cautious are companies from Japan (11%) and Taiwan (12%).
- The most favorable expectations are for the Communication Services sector in Hong Kong (60%) and Energy and Public Services in China (37%).
Europe, Middle East and Africa: Companies in this region have moderated hiring efforts, resulting in a regional outlook of 15%, declining -4% year-over-year and -6% from the first quarter of 2024.
- The Netherlands and South Africa lead with 32% and 29% respectively. The weakest country is Romania, with a -2% expected decline in the workforce.
- The highest global hiring intentions for the Consumer Goods and Services industry are reported by companies in Switzerland (41%); Health and Life Sciences in South Africa (45%); and Transport, Logistics and Automotive in the Netherlands (44%).
