Wednesday, July 24, 2024

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Employment Outlook

24% of Polish companies want to hire new employees from October to December, but simultaneously, many companies are considering job cuts – these are two findings of the ManpowerGroup report published this week, presenting companies’ recruitment plans for the last quarter of this year.

The net employment forecast for Poland for the fourth quarter of 2022 is + 1%, which indicates a cooling and stabilization on the labor market. Employment growth is expected only in 5 out of 10 analyzed sectors. Companies from the banking and finance, as well as IT, technology, telecommunications, communication and media sectors talk about their staffing needs. Redundancies are planned by employers from five industries, with the least optimistic recruitment moods in primary production, construction and industrial production.

Taking into account the data for the regions, the ManpowerGroup report shows that companies located in the south-west part of the country, and in central and northern Poland want to recruit the most new employees. On the other hand, employers located in the eastern part of the country do not expect any changes in employment in the coming quarter. Job reductions have been declared by companies from the south and north-west regions.

“The next three months will be a period of stabilization on the labor market and a cooling down of recruitment moods in companies. However, when looking at the employment forecasts of Polish employers for the last quarter, we should think about the situation that accompanied us on the labor market from July to September. That has been the point of reference for companies asked about their employment plans. At that time, we had a very low level of unemployment in Poland, with strong staffing needs and a record shortage of talent. Therefore, speaking of the stabilization or stagnation predicted by Polish enterprises, the situation on the labor market at the end of the year should not deteriorate dramatically. What we can be sure of is considerable restraint in making decisions about large increases in employment, but on the other hand, companies will want to retain qualified employees who are the most difficult to obtain on the market,” says Tomasz Walenczak, CEO of ManpowerGroup in Poland.